Digital payment methods are transforming the way we pay. With an increasing number of consumers turning to digital banking as a way to manage their finances, mobile payment systems need to keep up with the pace of innovation.
A new study on the ‘Future of Money’ found that nearly half of fast-growing companies now offer in-app purchases and payment abilities.
The study, which was conducted for NTT Data and Ingenico Payments by Oxford and Economics and Charney Research, found that businesses that work across a range of industries should implement customer-friendly systems that can help achieve long term growth goals.
Mobile payments also create fast profit growth. There are over 101 million smartphones in circulation in the UK today, meaning that there is no doubt we will see greater innovation and enhanced user experiences for both mobile payments and banking apps.
Have you seen the mobile payments infographic?
David Nunn discusses the importance of e-commerce and how the pace of payments innovations is changing the market.
The crowdfunding was part of a £22m funding round that will support the launch of a current account facility.
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