For Finextra's free daily newsletter, breaking news and flashes and weekly job board.
Human lives everywhere have surely experienced a jolt with the recent pandemic outbreak. Lives as well as livelihoods are at stake. But amidst all negative growth in businesses everywhere, there is some exhilarating news hovering. As firms worldwide get
together in their endeavor to business continuity, payments companies must show urgency in lending their skills and capabilities to their partners so that they can reinforce their place in the economy.
Data reveals that although the credit cards market leads the show, the growing demand for mobile wallets is likely to enter the fray. Surprisingly, the user base aren’t only the millennials or the Gen Y. With the pandemic spreading its wings, contactless
payments have become the new normal. As first-time users for contactless payments keep on piling, Banks and institutions cannot lag. Now when we think of gearing up to take on the storm, we need to know the top things that are going to impact the growth of
the payments’ industry in the forthcoming days.
Digital journeys had already opened up horizons that we never experienced before. Now with the recent crisis there’s a lot of re-evaluation that needs to be done. Mid-term and long-term strategies will help us get back to our feet slowly and steadily.
Vice President Business Development – US & Canada
Mindgate Solutions | www.mindgate.us
This post is from a series of posts in the group:
Digital Banking trends and Industry Intelligence for Bankers, Fintechs, and Solutions Providers
Anders La Cour