Top 20 Mobile Payment Solution Companies - 2021
In the current day and age, the preference for convenient mobile shopping stirs up the demand for frictionless and secure payment methods, along with the integration of mobile wallets in shopping portals to ensure a great shopping experience. Especially in response to the pandemic-driven need, to reduce face-to-face commerce and limit contact with payment devices, consumers have adjusted their payment preferences. As a result, the growth of contactless payments has accelerated around the world. In such times, it’s really exciting to see what mobile payment trends will make it big in the market.
However, with the rise in the problems of identity theft and fraud, biometric authentication can become a reliable and secure option for all the digital payments. Biometric authentication is a unique and important payment method as it incorporates and provides accuracy, efficiency, and security under a single package. Biometric authentication is a highly-secured method since it involves an individual’s unique characteristics. This factor also helps in building the customer loyalty and trust.
Together with that, the EMV technology (Europay, Mastercard, and Visa) has also gradually picked up and introduced customers with more computerized and secured mechanism for payment. The EMV technology is known for using codes that varies every time a transaction takes place. This use of temporary codes enhances the security in the bank accounts by leaps and bounds. This example shows how codes can shape the way we manage bank account systems.
At this juncture, many mobile payment solution providers are entering the domain with advanced and integrated offerings. To help the digital payment sector strengthen its operational capabilities and simultaneously enable growth in the industry, CIOReview has compiled a list of the 20 most promising mobile payment solution providers. The list comprises prominent organizations in the industry that address issues pertinent to the mobile payment sector by implementing current trends. Besides, the magazine also includes insights from thought leaders in the sector on the industry trends, best practices, recent innovations, and their advice for aspiring CIOs.
We present to you CIOReview’s “20 Most Promising Mobile Payment Solution Providers – 2021.”