Year 2017 statistics show that there are 48.1 million mobile payment users in America and research predicts that this number is likely to increase to 74.9 million by year 2022. A quick look at the data suggests that we may be headed to a cashless society. While you may think that the need to invest…
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It is no secret that fintech companies have enormously eased the way consumers transact financial products and services. With the emergence of fintech start-ups offering services such as electronic payments, money transfers, bitcoin blockchain, and virtual currencies, fintech has successfully taken away the monopoly of monetary services from traditional banking. Moreover, long-established financial institutions are…
By Sharon Rosa-Bohrer Blockchain is intended to be highly secure because it’s allegedly an immutable distributed ledger technology that decentralizes data storage and protection. Connecting unrelated parties without middlemen, blockchain provides a historical record of all data and financial transactions. However, the promise of blockchain going mainstream and someday facilitating a universal payment network…
by Shin Park With the rising popularity of ecommerce and mobile payment options, it’s no wonder that retail companies are now switching over to the digital world as their main storefront. In places such as China and England, ecommerce makes up almost 18% of total retail purchases. This newly found change and available technology is…
by IBM’s Senior Offering Manager, Craig Rector Across a variety of current and emerging use cases, mobile is becoming the key channel for digital payments. However, as the market for mobile payments matured across the globe, it has become increasingly difficult for financial service providers to differentiate themselves from the vast variety of offerings in…