Payments Market Competitive Strategies and Application Analysis, 2019
The Payments market report [5 Year Forecast 2016-2021] focuses on Major Leading Industry Players, providing info like company profiles, product type, application and regions, production capacity, ex-factory price, gross margin, revenue, market share and speak to info. Upstream raw materials and instrumentation and downstream demand analysis is additionally administrated. The Payments market business development trends and selling channels square measure analyzed. From a global perspective, It also represents overall Payments industry size by analyzing qualitative insights and historical data.
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Rapid technological advancements and industrial revolution worldwide make payments increasingly crucial component in the banking industry. The emergence of electronic-transaction along with rapid digital commerce growth, and increasing cross-border activities have given a healthy shape to the existing payment methods. Such rapid growth of the payments component pointing various financial institutions for developing innovative payment strategies to stay competitive in the market. Payment infrastructure are requiring next-generation tools for enhancing the customer experience. Various alternate payments channel such as wearables and contactless technology is gaining traction in the global payment trends market.
Apart from this, instant payments are also becoming a catalyst for next-generation payments technology. Such payments introduce customers in faster and better payments solutions. Along with this, cross border payments are also expected to transform by advanced technology such as blockchain. Incorporation of such technology helps in offering inexpensive, efficient, and faster transfer. All such factors are driving the global payment trends market.
Furthermore, mobile payments has become a latest attraction in the global payment trends market. Rising adoption of mobile pay such as Apple Pay and Google Pay has completely changed the conventional payment methods. Currently, this is the most preferred payment method worldwide, which promises more frictionless and more secure transactions. Apart from this, a few Chinese e-wallet models are also becoming popular in the global payment trends market. All these alternative payment methods are rapidly expanding in the regions such as the North America, Europe, and Asia Pacific. Such USPs are boosting the global payment trends market.
“Payments: Key Payment Trends in 2018 – a more collaborative ecosystem”, a vertical focused report by GlobalData, is one of the many products in the digital Industry product portfolio.
– Brief overview of the technology and its relevance in the verticals.
– Key challenges faced by the industry verticals (payments) pertinent to its technology (fin-tech) implementation.
– Elaborate overview of supply side and demand side trends affecting the technology growth.
– Future recommendation and market opportunities for fine-tech in the payments industry.
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Reasons to buy
– Helps the reader to understand the fin-tech market landscape in the payment industry, the recent trends, and challenges.
– Extensive technology growth predictions based on adoption indicators, end-user technology demand, GlobalDatas in-house ICT survey results, and macroeconomic factors.
– The report provides a detailed breakdown of the opportunities within the fin-tech segment and its sub categories.
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