Top 10 Salesforce Solutions Companies – 2022
Advancements in mobile payments are making way for a fast, convenient, and secure method for customers to pay and receive money. As consumers prefer digital payment options over cash, businesses and merchants are embracing tech innovations to tap into the unmatched advantages of mobile payments.
The latest report by ResearchAndMarkets.com reveals that the global mobile payment market is expected to reach $587.52 billion by 2030, growing at a CAGR of 35.3 percent between 2022 and 2030.
What powers this stellar growth is a gamut of tech trends sweeping across the mobile payment arena. For instance, the latest digital trend, super apps, are gaining prominence due to their ability to offer payment and financial processing and other services through a single, self-contained commerce and communication platform.
Digital wallets have emerged as a truly safe mobile payment method by leveraging the security measures like tokenization. Businesses are allowing customers to use digital wallets to make payments to boost consumer satisfaction.
Retailers are implementing the novel payment option, buy now, pay later (BNPL), to improve conversion rates by providing payers with flexibility. Customers can divide the amount to be paid into installments.
This edition of CIOReview delivers a bird’s-eye view of the recent developments in the mobile payment sector and insights into how companies are aligning with these latest trends to transform legacy practices and improve outcomes.
We have curated thought leadership articles from industry experts, including the Managing Director, Head of Global Treasury and Payments Advisory – EMEA, Silicon Valley Bank, SVP, Head of Commercial Card, Texas Capital Bank, and Senior Vice President, Head of Global Payments at East West Bank. We also took a deep dive into the market trends to narrow down the list of companies delivering robust mobile payment solutions. Equipped with innovative technological capabilities, the enlisted companies, such as Genfare, help transform businesses at the cloverleaf of various disruptive technologies.
We hope this edition of CIOReview on mobile payment helps you build the partnership you and your organization need to foster an environment driven by efficient technology.
Let us know your thoughts! _Signage