With the emergence of online platforms, digital payment solutions have rapidly evolved throughout recent years. Typically, most payment providers advance their systems to send or receive funds quicker while providing top-line security. Meanwhile, the industry is largely being fueled by the changing demographic trends across the world. Specifically, millennials are responsible for the broad adoption of digital payment solutions, and as a generation that is heavily influenced by technology, their daily habits are intertwined around their phones, computers, and the internet. “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. , Square, Inc. (NYSE: SQ), Bottomline Technologies (de), Inc., NCR Corporation, Adyen N.V.
In addition, various non-banking institutions are now focusing on leveraging innovative technology to improve user experience and provide better digital payment options. For example, non-banking institutions such as Amazon.com, Inc. and Alibaba are offering payment solutions and services to their customers. Additionally, the Internet of Things (IoT), cloud computing, tokenization, biometrics, and ubiquitous connectivity are all among the tech trends that were very beneficial to digital payment sector are, and all of which are expected to shape the way consumers transact in the future. Overall, the global digital payments market size is expected to reach USD 132.5 Billion by 2025 while registering a CAncrGR of 17.6% from 2019 to 2025, according to a new report by Grand View Research.
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XTM, Inc.announced yesterday that, “it went live following integration of the XTM Fintech Platform to the DELIVER Plus Point-of-Sale System.
DELIVER Plus is currently installed in pizza and other QSR restaurants in the USA and Canada. The DELIVER Plus team is organized around pizza POS and Pizza Hut specific markets.
With cash declining at a record pace in food delivery and quick serve restaurant (QSR) environments, now more than ever, workers need instant access to their pay. XTM’s Today™ Card and mobile wallet is now fully integrated to the DELIVER Plus POS system.
Daily deposits to drivers’ Today mobile wallet, paired with XTM’s mobile app gives drivers access to their earnings daily. Earnings can be used in-store, online, at ATMs, to pay bills, send Interac eTransfers and more.
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