NFV NEWS

TMCNet:  FinancialBuzz.com: Developments in the Payment Technology Market

[March 02, 2017]

FinancialBuzz.com: Developments in the Payment Technology Market

NEW YORK, March 2, 2017 /PRNewswire/ --

The contactless payment market is estimated to grow from USD 6.70 Billion in 2016 to USD 17.56 Billion by 2021, at a Compound Annual Growth Rate (CAGR) of 21.2% during the forecast period, according to a research by Markets and Markets. Contactless payment solutions help the organizations and individuals to ensure secure payments which increase the convenience, enhance the operational efficiency, and technology integration, and also create competitive differentiation in the rapidly evolving cashless society. The report indicates that with the "increasing integration of contactless payment technology in mobile handsets and smart phones, the demand for contactless payment solutions has grown tremendously across all the countries. During the forecast period, the market is expected to grow at a swift pace. Presently, Europe is the largest market for contactless payment solutions and services." Glance Technologies Inc. (OTC: GLNNF) (CSE: GET.CN), PayPal Holdings Inc. (NASDAQ: PYPL), Square Inc. (NYSE: SQ), The Western Union Company (NYSE: WU), Global Payments Inc. (NYSE: GPN)

By type, Transparency Market Research explains, the mobile payment technologies market is segmented into proximity payments and remote payments. The market for proximity payment technology is further cross-segmented into near field communication (NFC) and QR code payments. Whilst, the remote payment technology market is segmented into SMS-based, USSD/STK, direct operator billing (credit/debit cards) and digital wallets. The mobile payment technology market is segmented into money transfers & payments, travel and ticketing, airtime transfers & top-ups, merchandise and coupons, and others.

Glance Technologies Inc. (OTCQB: GLNNF) (CSE: GET.CN) describes itself as, "a streamlined payment system that allows customers to pay their restaurant bill instantly with their mobile device and that combines in app messaging with social media marketing. Glance Pay revolutionizes how smartphone users choose where to dine, settle their restaurant bills, access their payment records and interact with their favourite restaurants." Today the company just announced that it, "is pleased to announce its entry into the quick serve restaurant market through a unique and exciting innovation to its Glance Pay platform, opening up another massive market for its payment technology.

Quick serve restaurants within Canada, and soon to be available across North America, can now take advantage of the Glance Pay mobile payment solution which incorporates lightning fast mobile payment, automatic rewards, a real-time customer feedback system, and multiple in-app targeted marketing solutions.

Glance Pay's mobile payment solution has seen fantastic adoption in bringing fast and convenient payment directly to a consumer smartphone. Quick-service restaurants are geared to continue rapid growth as more consumers show preference for convenient dining that is lighter on the wallet and offers a greater variety of dining options and cuisine.

PayPal Holdings Inc. (NASDAQ: PYPL) is committed to democratizing financial services and empowering people and businesses to join and thrive in the global economy. The company's open digital payments platform gives PayPal's nearly 200 million active account holders the confidence to connect and transact in new and powerful ways, whether they are online, on a mobile device, in an app, or in person. Through a combination of technological innovation and strategic partnerships, PayPal creates better ways to manage and move money, and offers choice and flexibility when sending payments, paying or getting paid. Available in more than 200 markets around the world, the PayPal platform, including Braintree, Venmo and Xoom, enables consumers and merchants to receive money in more than 100 currencies, withdraw funds in 56 currencies and hold balances in their PayPal accounts in 25 currencies.

Square Inc. (NYSE: SQ) announced the acquisition of OrderAhead's pickup business, a convenient service that allows anyone to save time and discover local restaurants by quickly ordering food for takeout straight from their phone. "OrderAhead's expertise in improving the restaurant ordering process for busy diners and businesses is a great fit for Caviar and our commitment to helping restaurants grow," said Gokul Rajaram, Caviar Lead at Square. "This addition will accelerate Caviar pickup and give more food ordering options to diners across the country." Square creates tools that help sellers of all sizes start, run, and grow their businesses.

The Western Union Company (NYSE: WU) is a leader in global payment services. Together with Vigo, Orlandi Valuta, Pago Facil and Western Union Business Solutions branded payment services, Western Union provides consumers and businesses with fast, reliable and convenient ways to send and receive money around the world, to send payments and to purchase money orders. Western Union, Vigo and Orlandi Valuta branded services were offered through a combined network of over 550,000 agent locations in 200 countries and territories and over 100,000 ATMs and kiosks, and included the capability to send money to billions of accounts. In 2016, The Western Union Company completed 268 million consumer-to-consumer transactions worldwide, moving $80 billion of principal between consumers, and 523 million business payments.

Global Payments Inc. (NYSE: GPN) is a leading worldwide provider of payment technology services that delivers innovative solutions driven by customer needs globally. Global Payments technologies, partnerships and employee expertise enables the company to provide a broad range of products and services that allow their customers to accept all payment types across a variety of distribution channels in many markets around the world.

Please SIGN UP NOW at http://www.FinancialBuzz.com To Receive Alerts on Trending Financial News from all these companies. "The Latest Buzz in Financial News"

Subscribe Now! Watch us report from NYSE https://www.youtube.com/FinancialBuzzMedia

Follow us on Twitter for real time Financial News Updates: https://twitter.com/financialbuzz

Follow and talk to us on Instagram: https://www.instagram.com/financialbuzz

Facebook Like Us to receive live feeds: https://www.facebook.com/Financialbuzz/

About FinancialBuzz.com  

FinancialBuzz.com, a leading financial news informational web portal designed to provide the latest trends in Market News, Investing News, Personal Finance, Politics, Entertainment, in-depth broadcasts on Stock News, Market Analysis and Company Interviews. A pioneer in the financially driven digital space, video production and integration of social media, FinancialBuzz.com creates 100% unique original content. FinancialBuzz.com also provides financial news PR branding, marketing and advertising for third parties for disseminating news and original content through our unique media platform that includes Newswire Delivery, Digital Advertising, Social Media Relations, Video Production, Broadcasting, and Financial Publications.

Please Note: FinancialBuzz.com is not a financial advisory or advisor, investment advisor or broker-dealer and do not undertake any activities that would require such registration. The information provided on http://www.FinancialBuzz.com (the "Site") is either original financial news or paid advertisements provided [exclusively] by our affiliates (sponsored content), FinancialBuzz.com, a financial news media and marketing firm enters into service agreements with the companies which are the subject to the articles posted on the Site or other editorials for advertising such companies. Financialbuzz.com has not been compensated directly by any of the companies mentioned here in this editorial. We are not an independent news media provider and therefore do not represent or warrant that the information posted on the Site is accurate, unbiased or complete. FinancialBuzz.com receives fees for producing and presenting high quality and sophisticated content on FinancialBuzz.com along with other financial news PR media services. FinancialBuzz.com does not offer any personal opinions as we purely incorporate public market research along with financial and corporate news. FinancialBuzz.com only regurgitates financial or corporate news through our unique financial newswire and media platform. FinancialBuzz.com expects to be compensated five thousand dollars for financial news dissemination and pr services by a third party non affiliate for glance technologies inc. Our fees may be either a flat cash sum or negotiated number of securities of the companies featured on this site, or a combination thereof. The securities are commonly paid in segments, of which a portion is received upon engagement and the balance is paid on or near the conclusion of the engagement. FinancialBuzz.com will always disclose any compensation in securities or cash payments for financial news PR advertising. FinancialBuzz.com does not undertake to update any of the information on the Site or continue to post information about any companies the information contained herein is not intended to be used as the basis for investment decisions and should not be considered as investment advice or a recommendation. The information contained herein is not an offer or solicitation to buy, hold or sell any security. FinancialBuzz.com, members and affiliates are not responsible for any gains or losses that result from the opinions expressed on the Site, company profiles, quotations or in other materials or presentations that it publishes electronically or in print. Investors accept full responsibility for any and all of their investment decisions based on their own independent research and evaluation of their own investment goals, risk tolerance, and financial condition. FinancialBuzz.com. By accessing this website and any pages thereof, you agree to be bound by the Terms of Use and Privacy Policy, as may be amended from time to time. None of the content issued by FinancialBuzz.com constitutes a recommendation for any investor to purchase, hold or sell any particular security, pursue a particular investment strategy or that any security is suitable for any investor. This publication is provided by FinancialBuzz.com. Each investor is solely responsible for determining whether a particular security or investment strategy is suitable based on their objectives, other securities holdings, financial situation needs, and tax status. You agree to consult with your investment advisor, tax and legal consultant before making any investment decisions. We make no representations as to the completeness, accuracy or timeless of the material provided. All materials are subject to change without notice. Information is obtained from sources believed to be reliable, but its accuracy and completeness are not guaranteed. For our full disclaimer, disclosure and Terms of Use. Please visit: http://www.financialbuzz.com

For further information:
Media Contact: info@financialbuzz.com , +1-877-601-1879
Url: http://www.FinancialBuzz.com


SOURCE FinancialBuzz.com


[ Back To NFVZone's Homepage ]