1. Market Research
  2. > Financial Services
  3. > Banking
  4. > Payments Market Trends

Payments in the Digital Future (Technical Insights)

  • March 2014
  • 66 pages
  • Frost & Sullivan
Report ID: 2075001

Summary

Table of Contents

The recent advancements in information and communication technology space have facilitated financial transactions to be done digitally. The digital payment solutions deliver convenient, fast, and secure payments by ruling out the complexity, risk, and processing time of manual payments that use payment instruments, such as, cash, and cheque. This research service focuses on various technology approaches, innovations, and convergences with futuristic technologies toward development of digital payment solutions of the future.


Key Findings

The complexity, inconvenience, and lack of security of manual payment processes have led to the development of various digital payment solutions by leveraging leading edge technologies in the information and communication domain. The main focus for the development of digital payment solutions has been on ruling out the limitations of traditional manual payment solutions that use cash and cheque.

Digital payment solutions enable users to adopt a wide range of payment options to carry out secure financial transactions in real time. These solutions have ruled out the limitations of payment processing delay, cost of processing, and human errors, which prevailed in the traditional manual transaction methods.

The innovations in the digital payments space have been made by leveraging combinations of a wide range of technologies, such as, near field communication (NFC), Bluetooth low energy (BLE), facial recognition, and so on. These innovations have been beneficial in a variety of applications, facilitating effortless, cashless, fast, and convenient payments.

The major focus of the innovators developing digital payment solutions has been on delivering security, convenience, and speed. This has driven solution providers to develop touchless payment solutions backed by advanced encryption techniques to ensure optimum security for protecting the financial details of the users. The level of convenience of these solutions has progressed to the extent of enabling fast payments without the need to employ cards or mobile phones.

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 60 Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.

Ahmad helps you find the right report:

Testimonials

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at
Ikea

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at
Ingredion

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

Purchase Reports From Reputable Market Research Publishers

Mobile Payment Technologies Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 - 2024

  • $ 5795
  • Industry report
  • February 2017
  • by Transparency Market Research

Global Mobile Payment Technologies Market: Overview This report provides an analysis of the global mobile payment technologies market for the period from 2014 to 2024, wherein the period from 2016 to 2024 ...

U.S. Consumer Payments Outlook Through 2020

  • $ 4995
  • Industry report
  • May 2017
  • by Packaged Facts

U.S. Consumer Payments Outlook Through 2020 provides trend-forward analysis of consumer payment usage, behavior and preferences; and shifts in usage, behavior and preferences over time. The report focuses ...

Global Market Study on Consumer Mobile Payments: Retail End Use Industry Segment Anticipated to Create High Absolute $ Opportunity During 2016 - 2026

  • $ 4900
  • Industry report
  • April 2017
  • by Persistence Market Research

Persistence Market Research in its report ‘Consumer Mobile Payments Market: Global Industry Analysis and Forecast, 2016 - 2026’, has conducted a comprehensive study of the global consumer mobile payments ...


Download Unlimited Documents from Trusted Public Sources

Payments Supply in Canada and Mexico

  • May 2017
    2 pages
  • Canada  

    Mexico  

View report >

Debit Card Markets in the UK

  • May 2017
    2 pages
  • Debit Card  

    Store Card  

    Credit Card  

  • United Kingdom  

    Europe  

View report >

Payments Supply in the US

  • May 2017
    2 pages
  • United States  

    North America  

View report >

Payments Forecast

11 days ago

Related Market Segments :

Payments

ref:plp2014

Reportlinker.com © Copyright 2017. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.