The digital payment market has been rapidly expanding around the world thanks to its ease of accessibility, more secure technology and the entrance of the big players like Amazon, Google and Apple into the market. Additionally, the ongoing development from separate online shops towards integrated online shopping ecosystems has created space for new business models and opportunities for digital payment methods. Furthermore, demographic changes play a major role in the growing demand for digital payment services. “What remains key is consumer choice. People want a frictionless experience, taking the path of least resistance, just as long as they can remain secure,” said Bill Gajda, Global Head, Innovation & Strategic Partnerships at Visa. “Millennials will continue to drive mobile money management and payments. More than nine in ten (91%) predict that they will be using their mobile devices for financial purposes in three years’ time, far above the national average of 72%.” XTM, Inc. , Global Payments Inc., Mastercard Incorporated , PaySign, Inc., Fiserv, Inc.
The pandemic has accelerated the move to digital payments, with a sense of urgency not seen before across the B2B landscape, and the same is true for the online retail sector. In fact, research by McKinsey & Company indicates that “overall, in retail, the impact was not a decline but a shift in buying behavior. In the first six months of the year, consumers spent USD 347 Billion online with U.S. retailers, up 30% from the same period in 2019—corresponding to six times the annualized 2019 growth rate of online retail.”
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XTM, Inc. announced yesterday breaking news that, “the first of our investments in premier talent to support our growth in the US market with the appointment of Jason Giagrande as Head of Business Strategy, America. Mr. Giagrande is a serial hospitality entrepreneur, a chef, leader, owner and operator of multiple restaurants. Following a number of executive leadership roles with global food and beverage brands Jason founded his own consulting business including:
- Compass Group North America as business retention and development specialist developing new concepts and rebuilding operations across the country.
- NBC Universal where he grew into a Global Vice President role, overseeing all food and beverage operations for NBC Universal. Over several years Jason developed over 100 million dollars in new food and beverage buildouts as well as managing billions of dollars in Food and Beverage revenue.
- Hospitality Farm LLC. a consulting firm he founded with his early work consisting of reimagining and enhancing 600 licensed Starbucks locations. Under his leadership at Hospitality Farm, he worked with fortune 100 companies assisting with development, operations, design, mergers, and acquisitions. The firm also has equity and or operations in establishments from fine dining restaurants and QSRs to hotels.
Over the past decade, Jason and his teams managed over 3 billion dollars in food and beverage revenue and 500 million dollars of development, design, and curation of new facilities, putting his business in a league of its own with experience and capability.
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“We are beyond excited to welcome Jason to our team; he’s already one of us,” said Marilyn Schaffer, CEO of XTM. “Jason is a foodie, restauranter and business operator. He lives and breathes the American hospitality space, has a network to build his team quickly and will confidently extend our Today™ solution throughout the US market.”
The Company also announces that it has appointed Director of Finance, Dan Tyler to Chief Financial Officer (CFO) effective June 1, 2021. Olga Balanovskaya will remain with the company to assist throughout transition until the end of the year.”
