The world of mobile payments is a rapidly evolving one, with new players, new locations and technologies coming up faster and faster.
Take Apple Pay for example. The tech giant’s payment service has only been around for two years, but its nascent OS payments, which was only launched last month, purchases made in-app and on websites via what it’s calling ‘OS-Pay’ (operating system pay) platforms will hit $8bn annually by 2018.
With such rapid progress made, it’s always good to take a moment and take a snapshot of the industry and see how exactly these mobile payments work and who uses them. The infographic below, from Oberthur Technologies, does just that.
Have you seen the Current State of Finch Infographic?
Eastern Europe is still very much a region finding its identity following the breakdown of the Soviet Union over 20 years ago. Countries in the region are at various stages of economic growth and payments infrastructure development, and the e-commerce landscape looks different as you cross borders.
A new report published by Earnix shows findings stating that most millennials will use a single portal to aggregate services from multiple banks with which they have existing customer relationships in the future. The report, The Role of Analytics in the New Banking Age 2017, also states that most banks believe predictive analytics and machine learning will become the most powerful way to win back customers over the next five years.
The Global Business and Spending Outlook looks positive for the B2B payments industry.
A new case study published by Moovit demonstrates how the company uses Zooz to tackle and facilitate global expansion.