In terms of user adoption, a significant proportion of ticket sales now occurs online. Indeed, online has become the primary ticketing method in the airline and events industries.
B2B payments represent an area of enormous opportunity for payments vendors. Businesses have been transferring funds to each other for as long as they have been operating, yet the process of doing so remains difficult to navigate, due to many recurring challenges.
POSTED BY Scarlett Woodford
The digital adult content industry has a relatively simple value chain, given that the transition to online content has broadly simplified the market, rather than complicating it.
The smartphone market had been on a constant growth trajectory since the introduction of the smartphone, but in the latter half of the 2010s, it began to stagnate; leading to lengthened purchase cycles and a precipitous decline in shipments.
5G, the latest iteration of wireless cellular technologies, has started to be rolled out by network operators and industry stakeholders. Previous iterations of technologies (3G and 4G) were developed with a consumer-oriented focus. However, 5G will have further reaching impacts; enabling a large number of use cases in IoT sectors such as healthcare, automotive industries, smart cities and mobile broadband. 5G networks will deliver high bandwidth and low latency that supports services such as UHD (Ultra High Definition) video streaming.
Usage of voice commands has increased since the COVID-19 outbreak, with 52% of voice assistant users saying they use voice tech several times a day or nearly every day, compared to 46% before the outbreak.
Popularity of voice assistants is driven by their ability to facilitate touch-free human–computer interactions in a natural and intuitive way, similar to the conversations between human beings.
POSTED BY Scarlett Woodford
At present, the majority of commercially available 5G services are delivered over NSA (Non-standalone) networks, which are based on 4G infrastructure. Whilst there are international 5G roaming agreements currently in place, we believe that operators are reluctant to establish such agreements until the roll-out of SA (Standalone) networks becomes more widespread. Operators with 5G roaming agreements in place will need to make contingencies for SA networks; ensuring interoperability between the two network architectures. This has the potential to be a costly endeavour for operators.
Since the announcement of PSD2 (Second Payment Service Directive) in the EU, the financial services market has inexorably been moving towards a model which is more open, transparent and interlinked. Open Banking and APIs are major enablers to changing the financial services market in this fundamental way.
Virtual cards are a form of payment tool, and function in principle in the same way as a user’s credit or debit card. What makes virtual cards distinct from a card issued as standard is the inherent level of integrated security. As these card numbers are randomly generated and only exist in a transitory fashion, the risk of fraudsters acquiring the user’s card details are mitigated. Therefore, virtual cards are first and foremost a form of payment detail protection.
In addition to enhanced security of transactions, digital identification and verification provide a significant opportunity for value creation for individuals and institutions. The pivotal role of identity authentication in the financial services industry lies with the ability to establish and verify the identities of customers and employees.