Digital Inclusion Initiatives in Emerging Economies Shape Favorable Prospects

Posted by Deeksha on February 4th, 2019

Digital inclusion continues to set the grounds for evolved payments landscape. Massive diversity in financial products such as insurance, credits, and loans also augment adoption of technologically superlative payment systems. Leading service providers are inclined towards deployment of resilient fintech platforms that limit process discrepancies thus favoring a more decentralized and versatile payment ecosystem imminently. These aforementioned insights are in line with Market Research Hub's (MRH) recent report addition titled, 'Payments: Key Payment Trends in 2018 - a more collaborative ecosystem' incorporated in its online database.

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Mobile Payment Platforms: a Disruptive Trend Setter

Mobile payment platforms is one of the primary trend setters in payment ecosystem. Development of robust mobile payment system that ensures multiple functions such as fund transfers, buying of services and products, besides allowing other crucial developments such as opting for suitable credit products via smartphones are some of the potential determinants underpinning disruption in payment ecosystem.

Additionally, inclusion of IoT, VR, and contactless payments are also accounted to transform payment landscape. A robust security infrastructure to limit fraudulent transactions also remains core amongst industry forerunners thereby integrating machine learning and robotics capabilities for enhanced capabilities. In this light, leading global provider of secure payment processing, Worldpay has diverted substantial investments towards novel technology integration such as VR to enable safe transactions.

Several countries such as Kuwait envisages to propel a national payment structure, thereby the country has invested substantially in the development of its flagship payment system, KNPS that is likely to hit the market in 2019-20. The platform is designed to support electronic banking system, digital currency, and wages protection amongst other notable features.

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Payments: Key Payment Trends: Overview

The report is a decisive amalgamation of comprehensive overview of payment ecosystem with thorough analysis of pertinent micro and macroeconomic factors as well as dynamics that influence disruptive trends in payments market. Such veritable insights encompassed in the report aim to equip readers with actionable market highlights and factors that influence a collaborative payment ecosystem.

A detailed section on novel technologies payment ecosystem have also been entailed in the report that allows readers to draw substantial market information thus enabling them to deliver accurate business decisions and investment discretion on the basis of historical and future growth performance of these technologies. The report aids readers to comprehend the fintech market ecosystem, complete with several opportunities that remain untapped in payment landscape.

Payments: Key Payment Trends: Competition Spectrum

Key participants contributing to the growth of fintech developments in payment ecosystem have been aptly identified and profiled in the report. A SWOT analysis of all the mentioned entities has been entailed, besides an assessment of their respective product portfolio, company profile, and recent developments.

Analysis of the vendor landscape remains indispensable for readers aspiring a seamless penetration. Readers can gain ample competitive advantage by analyzing winning strategies incorporated by market stalwarts, thus delivering accurate business deals to ensure sustained revenue pools, besides positively impacting the payment landscape in terms of disruptive technologies