#QR Code Payment Market Latest Trends

[market-insider]

QR Code Payment Market: Leveraging Data Analytics and AI for Success

The global QR code payment market size is expected to reach USD 33.13 billion by 2030. QR code payment offers a simple interface for quick money transactions anywhere and at any time. QR code payment methods are considered fast, versatile, and secure in comparison to traditional payment methods.

An increasing number of smartphone and internet users and rising demand for smart alternatives to traditional payment methods such as bank cards or cash is boosting the QR code payments industry’s growth. For instance, as per the Groupe Speciale Mobile Association’s (GSMA) The State of Mobile Internet Connectivity Report 2021, by the end of 2020, 51% of the population across the world, or more than 4 billion individuals, were using mobile internet, a rise of 225 million since the end of 2019. In addition, worldwide, smartphones held 68% of entire mobile connections in 2020, compared to 64% in 2019 and 47% in 2016.

Gain deeper insights on the market and receive your free copy with TOC now @: QR Code Payment Market Report

The volumes of digital payment transactions were already witnessing a rise owing to the growth of e-commerce. Furthermore, the increasing government initiatives to digitize payments are further expected to create market growth opportunities. For instance, in August 2020, the government of Andhra Pradesh, India, launched an initiative to drive financial inclusion and promote digital payments in rural areas to encourage and allow citizens to make and receive cashless payments using QR codes.

[timesofinnovation]

In recent announcements, MercadoLibre Inc., the leading e-commerce and fintech platform in Latin America, has demonstrated remarkable resilience with record sales in Argentina. As the nation gradually recovers from economic difficulties, the company reported that it sold an unprecedented 20 million products on its platform in August, amounting to approximately $916 million. This turnaround highlights the growing consumer confidence and a shift in purchasing patterns toward non-essential goods, a trend that suggests a significant rebound in spending habits. The recovery is particularly intriguing given the context of Argentina's ongoing economic struggles. The nation is currently facing its sixth recession in ten years, with stark statistics indicating that the poverty rate surged to nearly 53% in the first half of the year. However, signs of recuperation are emerging. Monthly inflation rates have dropped from a staggering peak of nearly 26% to around 4% since the inauguration of President Javier Milei in December. This transition suggests that governmental efforts to stabilize the economy are beginning to bear fruit. Market dynamics witnessed a seismic shift as consumer spending on electronics such as computers, tablets, and smartphones gained traction. The initial phases of the year were characterized by a prioritization of basic necessities, but the recent inclination towards these non-essential goods signals a marked shift in consumer behavior. This rebalance in expenditure reflects a hopeful economic outlook among the Argentine populace. As a strategic response to the evolving market landscape, MercadoLibre has notably increased its lending activities. The company's credit portfolio expanded by an impressive 69% year-on-year in September, highlighting a growing demand for financial services among consumers and small business owners. Additionally, usage of its QR code payment system at brick-and-mortar stores surged by 68% compared to the previous year, driven largely by attractive interest-free installment financing offers and various promotional discounts. Beyond consumer electronics, other metrics tracked by MercadoLibre point toward a recovering economy. There have been increases in property listings for sale and rent, alongside heightened searches for vehicle purchases. These indicators collectively suggest a significant shift in Argentine consumption patterns, noted in the company's latest report. "These indicators suggest the beginning of a quantitative and qualitative recovery in Argentine consumption patterns," a spokesperson for MercadoLibre stated. This assertion evokes optimism for not only MercadoLibre as a company but also for the overall economic landscape in Argentina. Moreover, while Argentina is facing significant challenges, several positive factors are emerging. Wage growth, increased consumer spending, and an uptick in manufacturing activity signify potential economic recovery. MercadoLibre stands as a prominent player in this developing narrative, with its market capitalization surpassing $100 billion for the first time this year, driven primarily by its operations in Brazil. In navigating this economic terrain, companies like MercadoLibre are not only responding to immediate consumer needs but are also adapting their strategies to maintain competitive edges. For instance, the platform has extended its investments into influencer marketing and magazine advertorials, aiming to bolster its credibility in the fashion segment where competition from Asian rivals is fierce. As MercadoLibre charts a course through the complex economic landscape of Argentina, its latest successes reflect not just company growth but also consumer resilience and adaptation. The emerging trends signify a hopeful outlook for the future of the Argentine economy and the potential for similar platforms to thrive amid adversity. This journey not only showcases the innovative capabilities of MercadoLibre but also serves as a testament to the adaptability of the consumer base in Argentina.

With ongoing economic adjustments and growing consumer optimism, both MercadoLibre and the market it serves are navigating toward a promising horizon.

[retailzposblog]

Explore Latest Trends in Retail Point-of-Sale (POS) Software

Explore Latest Trends in Retail Point-of-Sale (POS) Software

Retail POS systems have shifted from just processing transactions to becoming the actual pillar of modern operations in fast-paced retail operations. The retail Point of Sale (POS) software market is evolving alongside technological advancements. Retailers, nowadays, are looking for ways to run their businesses more efficiently by leveraging data intelligence. This blog will discuss seven current trends shaping the fast-paced retail POS software industry. This blog will help discover how business owners can track transactions, inventory, and customer data from Cloud computing-based systems to mobile integrations and advanced analytics. These trends are the essence of POS software that has turned the retail experience into something unique. This report provides a blueprint of the changing retail landscape, which businesses can use to make sound decisions when continuing to dominate this competitive market.

Cloud-Based POS Systems

The revolution in the retail industry is thanks to cloud-based POS systems providing unmatched skillfulness, scalability, and accessibility that permit businesses to operate from any place. With several advantages, cloud computing POS systems offer convenience and assist in updating software, increasing data security, and giving instant analytics. These systems are helpful for small and medium-sized businesses that use POS systems equipped with more advanced functionality for expensive on-site systems. Similarly, they set the stage for a smooth application interoperability that eventually leads to a complete solution for retail.

Mobile POS (mPOS) Integration

The perfect combination of mobile devices with mPOS (Mobile POS) systems has opened up an era beyond the traditional checkout limitations. The workforce can conveniently handle transactions, track inventory levels, and uninterruptedly communicate with customers with the latest tablets and smartphones. Improving purchase speed and employee assistance on the shop floor increases customer satisfaction. The retail POS software market is fast to integrate with mPOS integration, resulting in increasing demand for simple and intuitive in-store operations. Besides, mobile-based POS systems help CRM by capturing crucial data on purchase behavior and requirements of customers.

Contactless Payments and Digital Wallets

The demand for contactless payments and digital wallets has emerged because of their embedded safety and security features. Retail point of service (POS) systems are revolutionizing to embrace a variety of payments, with NFC and scannable QR codes being some examples. Retailers have to integrate their POS system with digital wallets to cope with the demands and requirements of consumers. Adopting contactless payments helps the transaction process smoother, and retail outlets stand out in the modern payment arena. The fact that contactless payment instruments remove the necessity of personal interaction and contribute to safety in the stores.

Data Analytics For Informed Decision-Making

Data-driven decision-making is the key to achievement of success in modern retail business. It is the POS systems that provide decision-makers with these findings. Innovative retail POS software combines complex analytical tools that unveil new aspects of customer behavior, inventory, and sales trends. With access to such information, retailers can enhance their pricing strategies, improve inventory planning, and provide customized customer experiences. With access to such information, retailers can enhance their pricing strategies, improve inventory planning, and provide customized customer experiences. It is worth noting that data analytics has become an essential aspect of POS systems. It indicates that the industry is now emphasizing critical thinking and decision-making skills. By leveraging accurate forecasting tools, businesses can determine the optimal time to sell their goods and services, resulting in greater profitability.

Omnichannel Integration

The boundaries between online and offline retail need to be clarified, requiring POS software to support seamless omnichannel experiences. Retailers enjoy POS — Point of Sale System in their retail stores that integrate faster with e-commerce platforms, enabling common inventory control, order fulfillment, and data management from any channel. This integration supports the omnichannel strategy, which develops customer loyalty and assists retailers to optimize their operations. Furthermore, integrated omnichannel strengthens marketing activities by providing the opportunity for targeted promotions and recommendations of offerings tailored to customer interests and previous purchases.

Enhanced Security Features

Securing Point of Sale (POS) systems has become crucial for retail businesses due to the increasing prevalence of cyber threats. The introduction of advanced security features such as end-to-end encryption, tokenization, and biometric authentication in POS software provides reliable protection for sensitive customer and transaction data. The Payment Card Industry Data Security Standard (PCI DSS) compliance is part of the security controls put in place. Addressing concerns about data theft is key to maintaining customer trust during this global phenomenon. Also, the additional security arrangements inspire their confidence in consumers, and they remain loyal to the brand for a long time.

Subscription-Based Pricing Models

The retail industry’s point-of-sale software management is transforming subscription-based pricing. The subscription model provides retailers with high flexibility, scalability, and cost predictability. The shift in this trend allows the SaaS community to install new software updates, elements, and support capabilities without down payments. Subscription-based pricing enables businesses to scale POS systems according to their growth. Additionally, subscription programs establish customer loyalty by providing continuous technical support and product upgrades that guarantee a hassle-free and enjoyable experience.

Conclusion:

The retail industry is undergoing significant transformations, all thanks to the advancement of technology. This technological revolution is changing buyers’ expectations, and retailers are ready to adapt to these changes in various ways. One of the emerging trends in the retail point-of-sale software industry is the adoption of cloud-based POS solutions, which offer improved security features and subscription-based pricing models. These trends signify a new way of managing businesses for retailers and a change in how they interact with their customers. By embracing these trends, businesses provide better customer service, attract new customers, and develop innovative solutions that cater to the requirements of consumers. Since the retail industry is evolving, companies must keep up with the latest trends and technologies, such as retail POS software, to improve sales and foster innovation. By embracing innovation and staying ahead of the curve, retailers can successfully navigate the digital era and a constantly changing world.

[martin-james2121]

Flipkart launches UPI services of its own, here is all you need to know

Axis Bank has joined forces with Flipkart as the retail giant ventures into the digital payments sphere with its latest feature, Flipkart UPI.

Following scrutiny from the Reserve Bank of India (RBI) on Paytm Payments Bank, the e-commerce platform introduces this new service, presenting an opportunity for other fintech players in the market.

Flipkart UPI enables users to conduct online transactions seamlessly within the Flipkart app. It also allows for peer-to-peer transfers to local vendors, friends, and family via UPI ID, phone numbers, or QR codes. Moreover, the service extends its functionality to facilitate bill payments.

The introduction of Flipkart UPI by the e-commerce platform is perceived as a strategic move to broaden its footprint in the digital payments arena, intensifying competition with Amazon, which already has its own payment vertical, Amazon Pay.

The unveiling of Flipkart's UPI service coincides with the growing trend of digital adoption in India, as more users opt for online transactions due to their convenience and enhanced security features.

To Read More Click here...

[eleristanton]

// audience research \\

looking over the top brands for my target audience, I can come up with an understanding of what might appeal to them and how trends within that age demographic change.

things such as lower prices certainly make an impact, though things like social media presence and actual business models make an impact on the audience.

I decided to pick a brand from the list above and look into a brand analysis of them; choosing Starbucks as I know its marketing is able to reach my target audience as well as other younger people.

I found that their personality as a brand listed as "its ability to deliver consistently a communal and convivial ambiance and the emotional warmth of a quaint European cafe" which means that the audience might value consistency and a trendy warmth. this is once again suggested in the brands mantra "Friendliness, Quality, Comfort"

Their marketing positions Starbucks as two separate companies; Starbucks Cofee Bar - Experiential (Service) Marketing, and State-of-the-art Integrated Marketing Communications.

They market its coffee bar experience via mobile media, however, the tended to prefer the TV medium as they found it lent itself better to "the build-up of community spirit". However their venture into mobile marketing paid of dramatically as they won the 'Mobile Marketer of the Year' award twice in 2010 and 2012.

They implemented the latest technology at the time including QR codes and augmented reality to inspire and connect with the younger audience whilst using traditional routes like SMS, mobile advertising and applications.

Additionally, Starbuck helped appeal to their consumers by celebrating their birthdays by mailing them an electronic postcard to redeem as a free drink of their choice.

Using in-store signage and email to boost the program, it built itself into "My Starbucks Rewards" which kept consumers up to date on deals and discounts as well as payment through the app giving them free drinks and refills. They advertised this with QR codes that were visible to consumers.

I think this exploration of how Starbucks target its audience is something I can implement it into my own project, such as QR codes for the specific customers that take them to say the next display of tiles.

[efrost]

Mobile Wallet Technologies Market Is Likely to Experience a Tremendous Growth in Near Future

Latest edition released by AMA on Global Mobile Wallet Technologies Market to regulate the balance of demand and supply. This intelligence report on Mobile Wallet Technologies includes Investigation of past progress, ongoing market scenarios, and future prospects. Data True to market on the products, strategies and market share of leading companies of this particular market are mentioned. It’s a 360-degree overview of the global market’s competitive landscape. The report further predicts the size and valuation of the global market during the forecast period. Some of the key players profiled in the study are

Alipay.com Co.,Ltd (China)

AMAZON.COM INC. (United States)

AMERICAN EXPRESS COMPANY (United States)

APPLE INC. (United States)

AT&T INC. (United States)

GOOGLE LLC (United States)

MASTERCARD (United States)

PAYPAL HOLDINGS, INC. (United States)

Jio Money (India)

SAMSUNG ELECTRONICS CO., LTD. (South Korea)

VISA INC. (United States)

Freecharge (India)

Mobikwik (India)

Vibes (United States)

MoneyGram (United States)

Airtel Money (India)

FIS (United States)

A mobile wallet is a type of virtual wallet which stores credit card, debit card, and loyalty card information. It is accessed via an app on a mobile device, such as a smartphone or tablet. Customers use mobile wallets to make in-store payments because it is more convenient than paying with cash or carrying physical credit cards. Mobile wallets are accepted as a form of payment in stores that have been approved by mobile service providers. Wallets are built into mobile devices, or users can download the app from app stores. When a customer installs a mobile wallet on their device, they must provide their credit card information, reward cards, and coupons. The data is then linked to a recognized form of personal identification, such as a key or a QR code that can be scanned.

Market Trends: Increasing Use Of Mobile Wallet Among The Youth Generation

The Growing Trend Of Using Digital Payment Applications With The Advent Of Digital Money

Opportunities: Growing Usage Of E-Commerce In The Developing Regions

Rising Promotional Events And Activities Regarding Cashless Payments

Market Drivers: Increase In The Use Of Smartphones With A High-Speed Network Connectivity And Various Digital Payment Platforms

Challenges: The Necessity To The Access To The Internet

Lack Of Knowledge About Mobile Wallet In The Rural Areas

Presented By

AMA Research & Media LLP

[sanemyamen]

Mobile Wallet Technologies Market to Witness Excellent Revenue Growth Owing to Rapid Increase in Demand

Latest study released by AMA Research on Global Mobile Wallet Technologies Market research focuses on latest market trend, opportunities and various future aspects so you can get a variety of ways to maximize your profits. Mobile Wallet Technologies Market predicted until 2027*. A mobile wallet is a type of virtual wallet which stores credit card, debit card, and loyalty card information. It is accessed via an app on a mobile device, such as a smartphone or tablet. Customers use mobile wallets to make in-store payments because it is more convenient than paying with cash or carrying physical credit cards. Mobile wallets are accepted as a form of payment in stores that have been approved by mobile service providers. Wallets are built into mobile devices, or users can download the app from app stores. When a customer installs a mobile wallet on their device, they must provide their credit card information, reward cards, and coupons. The data is then linked to a recognized form of personal identification, such as a key or a QR code that can be scanned.

Some of Key Players included in Mobile Wallet Technologies Market are Alipay.com Co.,Ltd (China),AMAZON.COM INC. (United States),AMERICAN EXPRESS COMPANY (United States),APPLE INC. (United States),AT&T INC. (United States),GOOGLE LLC (United States),MASTERCARD (United States),PAYPAL HOLDINGS, INC. (United States),Jio Money (India),SAMSUNG ELECTRONICS CO., LTD. (South Korea),VISA INC. (United States),Freecharge (India),Mobikwik (India),Vibes (United States),MoneyGram (United States),Airtel Money (India),FIS (United States)

Market Trends: Increasing Use Of Mobile Wallet Among The Youth Generation

The Growing Trend Of Using Digital Payment Applications With The Advent Of Digital Money

Drivers: Increase In The Use Of Smartphones With A High-Speed Network Connectivity And Various Digital Payment Platforms

Challenges: The Necessity To The Access To The Internet

Lack Of Knowledge About Mobile Wallet In The Rural Areas

Opportunities: Growing Usage Of E-Commerce In The Developing Regions

Rising Promotional Events And Activities Regarding Cashless Payments

The titled segments and Market Data are Break Down by Type (Closed Wallets, Semi-Closed Wallets, Open Wallets), Application (Money Transfers, Bill Payments, Airtime and Top-Ups, Others), Services (Balance Enquiry, Passbook/ Transaction history, Add money (Bank A/c, All Cards, Cash-In), Accept Money, Pay money(Pay merchant, Bar Code reader), Manage Profile, Notifications), Payment Type (Remote Payments, Proximity Payments), End User (Hospitality & Transportation, Media & Entertainment, Retail, Healthcare, Energy & Utilities, Telecommunication, Others)

Presented By

AMA Research & Media LLP

[kotaielectronics]

Top 10 Reasons To Use Mobile App For Restaurant Business

Top 10 Reasons To Use Mobile App For Restaurant Business

Kotai Electronics

After taking a lot of setbacks restaurant business are again back on track but a thing in the last two years the world has taken a quite lot of drifts and there has been a massive boom in the world of technology, especially in the sector or remote work and digital payments. People now have become more accepting of contactless payment methods and now when it’s time to get back into business equipped with all the bells and whistles, the first thing you have to do is renovate your restaurant with all the new technologies that you have been missing for last 2 years. You need a mobile app for your restaurant.

The restaurant business has almost limitless growth opportunities this is why people flock around it most of the time without considering all the complexities they might face, assuming you are not one of those and have researched all the risks and rewards you might face in the path of your business already it’s the time we would suggest you renovate your restaurant firstly with a custom PWA for your restaurant.

Its true that food delivery app is dominating the market today but if you function in your physical restaurant and have gathered quite a reputation in that you have to stay functional in both that food delivery app and in your own app and get seen as an amazing high-tech restaurant at the time when every place is flooded with foodies and every corner has so many restaurants having a virtual presence makes you stand out from the crowd.

Since the implementation of technology, every restaurant business has seen growth those who didn’t follow this revolution faced a tremendous amount of losses monetarily. Now it’s the second phase of the revolution where every restaurant has its own PWA and provides customers with a highly satisfying and convenient experience. Admittedly, the growth of any business depends on the revenue generated by operating it.

The availability of the data has made it easier for restaurant owners to provide better customer service and touch the levels of good service and beyond it. With the help of thins restaurants have enhanced their overall performance, efficiency, quality, and customer satisfaction.

Every business owner today strives to give better service and they have to if they want to survive the ever-increasing competition in the field. All serious business owner strives to have the most highly organized mobile app for restaurant and an impressive online presence so that they can have an amazing first impression and better overall service experience and greater word-of-mouth marketing. Here are six benefits of implementing information technology solutions in a restaurant business.

Table of Contents

Slot Reservation From Anywhere

Dynamic Menu Card

Online Food Delivery

Close Range Orders

Online Presence

Customer Loyalty Programs

Better ROI On The Special Offers

Online Promotion Through Checking Apps

Providing Page For FAQ

Reviews and Rating To Show

Conclusion

Slot Reservation From Anywhere

Just try to imagine how great It would be if you could arrange and reserve a table for your anniversary weeks before your special day with just a few taps on the screen the app also needs to show details about the tables and seats left or at what time those will be free.

Your users can book a slot and get their food at the correct time without waiting and also without making your restaurant crowded your PWA will keep the data of your customers saved and the progressive web application will keep sending follow-ups to your customers about your special offers and updates.

Dynamic Menu Card

The latest trend that is going on nowadays is the digital menu card sure there is various mobile app for restaurant and website that shows your menu but when you have a PWA for yourself your customers can order directly from your web app by scanning a QR code and going through the digital menu card.

One of the many ways why people use the online medium is the convenience they get with this. The mobile app for restaurants or the PWA gives your customer convenience while choosing and ordering food, even though many restaurant menus are listed on the website many restaurants are here that are still not listed on the internet nor do they have a decent online presence. For example, their menus are

It provides end users with a highly convenient experience. Many restaurants already have the same facility for their mobile app for restaurants, but few of the restaurants have their digital menu cards uploaded even if they are not reactive they don’t own a mobile application. These companies are not many outside India as they don’t survive for long but in India where the offline sector and offline possibilities are huge many restaurant owners don’t have a strong online presence

If you come here with an online presence and make it bold in a market like India sky will be the only limit for you also you would be able to gather reviews and preferences from your existing customers.

Online Food Delivery

Online food ordering is spreading like a forest fire these days through a free mobile app for restaurant ordering Swiggy or Zomato would still be your best bet but when you have a reputation outside offline and a newly made app you can absolutely demolish the competition as you would be able to give special offers via your mobile app for the restaurant at a much cheaper cost from your competition in your mobile app for a restaurant this would not only demolish your competition but also would let you give customized and the best service to your customer

with the help of delivery app Once the customer orders the meal online then they can also track where the deliverer is. With the use of GPS technology, restaurant owners can also keep a tap on where the deliverer is and thereby strengthen the delivery process as well.

If having the idea of your own mobile app for restaurants sounds pleasing to you we have experience in building industry-ready software you can contact us and we would be please to guide you.

Close Range Orders

This is a relatively new feature which can help you to increase your restaurant sales. This kind of mobile app for restaurants stays installed in your smartphone and whenever you give any special offer or they are near the physical location of your restaurant they receive a push notification By this you can tempt and lure your customers by offering deals that they can’t refuse. It would be especially useful as a mobile app for restaurants.

Online Presence

Even if you are not a restaurant business regardless of your industry you need an online presence. in order to have a decent-looking online presence, you have to have a mobile App for restaurants. Else just try to imagine how would they become your customer after finding you out on social media.

It attracts large numbers of people in a short time span provided effective online marketing is done.

It also enhances brand value and its image. Moreover, many people get to know about new restaurants on online platforms only. Therefore, it is a must for every restaurant to have an aggressive online presence.

It also allows them to interact with customers directly and respond to their feedback.

There are so many restaurants that also provide end users with Wi-Fi connection as they know this facility attracts a lot of Internet-obsessed people who do not like to get off track for a long time for personal or professional reasons.

Customer Loyalty Programs

Loyalty programs not only increase your sales but also turn your frequent customers into a loyal customer base. You might also bring new customers if you provide offers like special discounts on having your friends and customer with you. This brings back your old customers while at the same time bringing new customers to your business. According to a study, 65% of customers are likely to download your mobile app for restaurants if you provide them with exclusive offers periodically.

Better ROI On The Special Offers

When you are giving away an offer the first thing you would like to achieve is a huge number of increased sales in a little span of time. You might share Pham plates, share on social media message your customer on social media and WhatsApp all of it can be done easily using push notifications which would be much more efficient than having to do all that.

You would be able to show offers about your special offers, combos and most importantly it would be very much more effective in terms of getting customers to come to receive your orders and is likely to take actions according to it. If you can manage to pull off sending a perfect and luring push notification stating your dishes and combos that would be able to lure even 10 per cent of your customers each day you would be able to significantly increase your business by the end of the week you would have significantly high-profit margin than you could have achieved if you have just tried following the traditional means and social media.

The thing here you need to keep in mind is that you have to nail the timing of sending your push notification properly for example you need to send your notification approximately two hours before the average lunch timing for the people in that certain area moreover you also need to frequently make your customers remember a week before you actually give it.

This will implant the idea in your customers’ minds and they are likely to visit as they would’ve already justified their decision due to reduced costs.

Online Promotion Through Checking Apps

Restaurants also give these loyal customers an additional feature using which they can let their friends know where they are through mobile applications like Foursquare.

It attracts many customers to the restaurant as they get to know its name and it also acts as a real-time recommendation.

Providing Page For FAQ

Once you have accumulated a medium amount of rapport and have grown a customer base the first thing that would happen is you would get tons of FAQs regarding your services and the items you serve. Do you want to have someone on the phone to clarify the queries or you can have an app with a chatbot that would tell your customer all the things you need to know? moreover, mostly the questions asked by the customers are common you can answer with the help of a FAQ

Apart from that, you can include short information at every stage which would help your customers to understand your services in an efficient manner. You can do this in the following manner.

Link your address to either a business listing like the JustDial app or Google Maps making it easier for a customer to navigate

Ensure that the customer can contact you with just a tap without leaving the app. That means your mobile app for restaurants needs a call now button

The app should be showing the dates and expiry dates of offers and coupons clearly

In the booking form, you can include information about the maximum number of people you can accommodate

Reviews and Rating To Show

79 Percent of the people on the internet trust online reviews but when talking about restaurants it gets pretty hard to show your reviews. apps like Swiggy & Zomato let your customers see the reviews from here they can count whether they want your food or not.

If you are rated well on one of these websites then the chances are high that people will visit your restaurant once, at least.

Interestingly, these websites allow restaurant owners to plan their activities to enhance customer services according to these reviews as they get to know what sections have the scope for improvement.

Conclusion

Having a mobile app for restaurants is not just beneficial for your customers and you it is also highly effective for B2B activities. For example from a restaurant owner’s POV, you can collab with vendors who supply the raw materials regularly. like if you are a restaurant that serves burgers you can connect with the baker and automate the system of getting bread as required. The best part is no one has ever thought about it before.

Technology can inevitably solve many of the problems by streamlining the entire chain from getting a veggie in the kitchen until the time it is cooked and delivered to the customer.

[marketdevelopmentpp]

Mobile Payments Industry

“During COVID-19 outbreak, the retail segment accounted for the highest market share in mobile payment market, due to high demand of contactless payments in retail shops such as grocery and drug stores which helps in reducing chances of virus transmission.”

Mobile payment enables instant money transfer and a secured substitute for cash-based transactions to the customers. The increasing availability of high-speed mobile networks along with the increasing penetration of smartphones is boosting the adoption of mobile-based payment solutions. The digitalization of payment services and growing e-commerce businesses are contributing to the growing market trends. The digital generation, i.e. generation Z, is likely to create vast opportunities for the payment industry. The companies are offering rewards, redeem points, loyalty points, and among others to attract the customer for paying through mobile devices. 

According to this latest study , Mobile Payment market size was accounted at $1.48 trillion in 2019 and is projected to reach $12.06 trillion by 2027 with a growing CAGR of 30.1% over the forecast period.

Mobile Payments  Market - Size, Competitive Landscape and Segmentation Analysis:

The coronavirus COVID-19 has impacted the global economy and humans significantly. It has drastically changed the channels and modes of transactions done by consumers and merchants. Today, people are more cautious about transacting in cash while shopping in public places. This has triggered a sudden spike in demand for contactless payment methods such as mobile wallets, NFC, QR code and more. In March 2020, the World Health Organization (WHO) recommended the consumers across the globe to adopt a contactless payment mode. This has helped to raise the payment transaction using mobile and boosted the contactless payments modes such as QR code, tap to pay by near field payment NFC, and carrier billing payment, among others.

[researchdive]

Contactless Payment Market Set to Witness an Uptick during 2021-2028

Whether it is the convenience of use or the transactions’ speed, contactless payment is gradually paving way for itself in this high-tech world. Among millennial, the trend of using contactless payment cards and phones is on the rise, as the awareness and benefits of going cashless is surging. Businesses are also taking up this novel payment method to empower their customers and to capitalize in the future of business.

What is Contactless Payment?

Contactless payment is a technology based on Radio Frequency Identification (RFID) or Near Field Communication (NFC) technology. They are available in several types including credit & debit cards, smart cards, smartphones, key fobs, and other devices like wearable devices (watches, rings, etc.). In this novel payment technique, payments are carried out through a secure contactless system, for instance, Apple Pay, Fitbit Pay, Samsung Pay, Google Pay, or any bank mobile application that facilitates contactless transactions.

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As per a study, it is predicted that around 53% of the worldwide transactions at point of sale (POS) will be contactless within the coming 5 years. Contactless payment is already the favoured choice of payment in several countries with these transactions accounting for around 50%. This is the case, for instance, in France, Australia, the UK, Spain, and numerous eastern European nations. In the U.S.A., after a slow implementation of contactless payment in the beginning, the market has finally adopted contactless payment in the recent years.

In the contactless payment sector, smart card or contactless card is considerably the most used payment method. As per a latest report by Research Dive, the global contactless payment market is expected to observe marvellous growth and garner a revenue of $20,340.3 million by 2026.

However, it has been observed that credit card issuers have generally been slow adopter of contactless payment method. Now, as this payment technique turns out to be progressively prevalent, credit card issuers are acclimatizing to it gradually. As the use of cash by consumers is reducing, they are pursuing safe and secure techniques to pay for their purchases. Hence, businesses must get acquainted to novel payment techniques, such as contactless payment.

Businesses that implement contactless payment systems are able to fortify customer trustworthiness and boost their business position. Implementation of contactless payment systems is also a method to decrease cash on hand and the responsibilities that come with managing that cash. These are some of the benefits of embracing contactless payment technology.

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Where Can Contactless Payments Be Used?

Consumers willing to use contactless payment method can use this technology at most of the retail stores in the U.S. Usually, retail stores will point out — mostly at the entry— whether they accept contactless payments, such as mobile wallets. Also, several retailers, nowadays, have NFC-enabled payment terminals, and customers can understand this by seeing a Wi-Fi-like symbol.

Several foremost stores also have options for contactless payment in their apps. For example, Walmart’s app lets customers to scan a QR code at the checkout and pay with a card linked to their account. Other stores such as Starbucks lets customers to make payments directly using their mobile app.

Will Cash Payments Disappear in Future?

Although there is an upsurge in card-focused payment transactions, cash won’t vanish entirely. For particular demographics including old communities, cash is still deliberated as the monarch, particularly for those who do not have access to mobile technology. There are also a considerable number of adults who do not have necessary access to banking services to enrol in contactless programs.

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To sum-up, contactless payment is new and stress-free – it is extremely suitable and speedy. And it is a trend that is gradually but positively gaining prominence! So the next time you shop at a store where they accept contactless payments, simply tap your card, knowing that your transaction is safe and fast. As nations across the globe continue to surge tap-to-pay transaction limits, contactless payments are here to stay and their acceptance will hasten in the coming years.

[expert-market-research]

Global Contactless Payments Market To Be Driven By The Rise In The E-Commerce Industry In The Forecast Period Of 2022-2027

The new report by Expert Market Research titled, ‘Global Contactless Payments Market Size, Share, Report and Forecast 2022-2027’, gives an in-depth analysis of the global contactless payments market, assessing the market based on its segments like major device type, application, and regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.

The key highlights of the report include:

Market Overview (2017-2027)

Forecast CAGR (2022-2027): 20.1 %

Asia Pacific is predicted to be a major regional market for contactless payments, as it is being pushed by expanding smartphone penetration and thriving e-commerce, which has resulted in higher acceptance of digital wallets. QR codes are becoming increasingly popular in Asia Pacific, which is fueling the region’s industry expansion. The COVID-19 epidemic has also benefited the Asia Pacific region’s contactless payments business. During the epidemic, online buying became required due to lockdowns and other limitations on physical establishments, fueling the expansion of the digital payment industry in the region. In Asia Pacific, India is leading the way in terms of digital payment usage. In India, the contactless payment business has been expanding rapidly, particularly since the demonetisation of a few bank notes in 2016. The market’s growth has been accelerated by the adoption of favourable government programmes and the development of the UPI system.

Contactless Payments Market Industry Definition and Major Segments

Payments that do not involve the usage of physical money are referred to as contactless payments. Customers can pay for goods and services using a debit card, credit card, or smart card, as well as mobile devices that use near-field communication (NFC) or radio frequency identification (RFID), such as chip cards or bank’s mobile apps, without having to enter a pin, swipe the card, or sign a transaction.

Get a Free Sample Report with Table of Contents:  https://www.expertmarketresearch.com/reports/contactless-payments-market/requestsample

Based on the major device types, the market can be broadly divided into:

Smartphones and Wearables

Smart Cards

Post Terminals

The global contactless payments market can be broadly divided based on its applications into:

Food and Groceries

Pharmacy and Drug Stores

Restaurants and Bars

Consumer Electronics

Media and Entertainment

Others

On the Basis of region, the market can be divided into:

North America

Europe

Asia Pacific

Latin America

The Middle East and Africa

Contactless Payments Market Trends

One of the primary factors driving market expansion is the increase in e-commerce sales around the world. People all across the world are making online payments with digital wallets and contactless cards. When opposed to card payment, contactless payment is regarded a safer alternative because hackers can steal information from magnetic stripes on the back of payment cards. Both the consumer and the retailer benefit from contactless payment since it reduces risk. As a result of these favourable aspects, the market is likely to develop in the approaching years. The market is also expected to benefit from the increasing use of smartphones and the internet, particularly in emerging markets. In the next years, the adoption of favourable government measures to aid the development of contactless payment platforms is likely to catalyse market growth.

Key Market Players

The major players in the market are Pax Technologies Pvt. Ltd., Proxama PLC, VeriFone Holdings, Inc., Wirecard AG, On Track Innovations Ltd., Ingenico Group S.A., and Others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.

About Us

Expert Market Research (EMR) is leading market research company with clients across the globe. Through comprehensive data collection and skilful analysis and interpretation of data, the company offers its clients extensive, latest and actionable market intelligence which enables them to make informed and intelligent decisions and strengthen their position in the market. The clientele ranges from Fortune 1000 companies to small and medium scale enterprises.

EMR customises syndicated reports according to clients’ requirements and expectations. The company is active across over 15 prominent industry domains, including food and beverages, chemicals and materials, technology and media, consumer goods, packaging, agriculture, and pharmaceuticals, among others.

Over 3000 EMR consultants and more than 100 analysts work very hard to ensure that clients get only the most updated, relevant, accurate and actionable industry intelligence so that they may formulate informed, effective and intelligent business strategies and ensure their leadership in the market.

Media Contact

Company Name: Claight Corporation Contact Person:- Ian Bell, Business Consultant Email: sales@expertmarketresearch.com Toll Free Number: US +1-415-325-5166 | UK +44-702-402-5790 Address: 30 North Gould Street, Sheridan, WY 82801, US City: Sheridan State: Wyoming Country: United States Website: www.expertmarketresearch.com

[marketreseach]

Next Generation Payment Technology Market Outlook By Industry Size, Share, Revenue, Regions And Top Key Players Analysis From 2021-2026 : Google, Ingenico, MFS Africa, MasterCard

The global research report titled Next Generation Payment Technology Market has recently been published by The Research Insights which helps to provide guidelines for the businesses. It has been aggregated based on different key pillars of businesses such as drivers, restraints, and global opportunities. This Next Generation Payment Technology Market research report has been compiled by using primary and secondary research techniques. Finally, researchers direct their focus on some significant points to give a gist about investment, profit margin, and revenue.

(Get Up To 30% Discount)

Download a Sample Copy of This Report (including full TOC, Tables and Figures):

https://www.theresearchinsights.com/request_sample.php?id=421926&mode=AG

The report presents the market competitive landscape and a corresponding detailed analysis of the major vendor/key players in the market. Top Companies in the Global Next Generation Payment Technology Market: Adyen, Alipay, Apple, Cayan LLC, Citrus, Dwolla, Equinox, First Data Corporation, Gemalto, Google, Ingenico, MFS Africa, MasterCard, NEC, Noire, Oberthur, PAX Technology, PayPal, Payfort

This report segments the global Next Generation Payment Technology Market based on Types are:

EMV Chip

Near Field Communication (NFC)

Magnetic Secure Transmission (MST)

Bluetooth Low Energy (BLE)

Quick Response Code (QR Code)

Based on Application, the Global Next Generation Payment Technology Market is segmented into:

Retail and Commercial

Enterprise

Healthcare

Hospitality

Others

Buy Exclusive Report @:

https://www.theresearchinsights.com/checkout?id=421926&mode=AG

Regional analysis of Global Next Generation Payment Technology Market:

Geographically, the global Next Generation Payment Technology Market has been fragmented into several regions such as North America, Latin America, Asia-Pacific, Africa, and Europe based on the productivity of several companies. Every segment along with its sub-segments is analyzed in the research report. The competitive landscape of the market has been elaborated by studying numerous factors such as top manufacturers, prices, and revenue.

The information on the global Next Generation Payment Technology Market is accessible to readers in a logical chapter-wise format. Driving and restraining factors have been listed in this research report, which helps to understand positive and negative aspects in front of the businesses.

Access Full Report information with TOC, here:

https://www.theresearchinsights.com/reports/Global-Next-Generation-Payment-Technology-Market-Research-Report-2021-Segmented-by-Major-Market-Players-Types-Applications-and-Countries-Forecast-to-2026-421926?mode=AG  

What are the market factors that are explained in the report?

-Key Strategic Developments: The Next Generation Payment Technology Market study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.

-Key Market Features: The Next Generation Payment Technology Market report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.

-Analytical Tools: The Global Next Generation Payment Technology Market report includes the accurately studied and assessed data of the key industry players and their scope in the market using several analytical tools. The analytical tools such as Porter’s five forces analysis, SWOT analysis, feasibility study, and investment return analysis have been used to analyze the key players’ growth in the market.

Customization of the Report: This report can be customized as per your needs for additional data up to 3 companies or countries or 40 analyst hours.

About us:

The Research Insights – A global leader in analytics, research, and advisory that can assist you to renovate your business and modify your approach. With us, you will learn to take decisions intrepidly. We make sense of drawbacks, opportunities, circumstances, estimations, and information using our experienced skills and verified methodologies. Our research reports will give you an exceptional experience of innovative solutions and outcomes. We have effectively steered businesses all over the world with our market research reports and are outstandingly positioned to lead digital transformations. Thus, we craft greater value for clients by presenting advanced opportunities in the global market.

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[fusiononrketing]

Fusion One New summery from 16-31st December

Hello everyone, we are back again with new blogs and new information for our readers. We hope to give you the best and the latest information so that you can take care of your online business. So, let see what’s new.

16 December 2021

8 Ways to brilliantly use QR Codes for Marketing

QR codes are providing the most seamless and fastest customer experiences for people. QR stands for quick response. These are the digital codes that can be scanned using your Smartphone and they are easy. Once, you scan the code all the information contained in the code will be pulled up. You can store all kinds of information such as URL to your website, locations, product details, news update, videos, etc. It makes it easy for you to share any kind of information with your customers. There are easy-to-use and free QR code generators. The first way to use a QR code is to use it as a virtual business card. You can incorporate a QR code and share who you are, what you care about, and wherever you go. Number two would be using QR codes to engage with customers through video. When you connect a video through a QR code, you can connect easily with a customer. Number three is using QR codes to collect your payment. Number four is using a QR code to get customers to leave a review. QR codes make it simple to collect reviews in real-time and build a steady stream of reviews. Number five is you can use your revealed discounts or coupon codes using a QR code. You can make a coupon code for your business to give discounts, offers, or promotions. Number six is you can use QR codes to connect customers to all your social medial profiles. Number seven is using QR codes for an event. You can make it easy for the people to add your event to their calendar, to get details, the navigation of the event, and the chance to buy VIP passes by using a single QR code. The last is number eight and you can use a QR code to drive traffic to your website. If you have any questions, you can click the link https://fusiononemarketing.com/8-ways-to-brilliantly-use-qr-codes-for-marketing/

December 20, 2021

Customer Loyalty

Customer loyalty is the most powerful tool a business can wield. Most companies spend money and time to get new customers and increase their brand awareness. Statistics show that the present customers will buy new products if you introduce and will spend more than new customers. In this blog, we will learn how we can develop customer loyalty. 

Customer loyalty is a relationship between a customer and a business. It is what prompts existing customers to choose your business over your competitors. Customer loyalty is important because you can get more referrals, higher customer spending, repeat purchases, and increase trust. 

You can increase customer loyalty by being a helpful resource for customers, communicating properly with them, creating a customer loyalty program, being generous, and providing benefits to your customers, and growing your business. When a customer spends money with your business, be ready to show gratitude and give them rewards. Customer loyalty programs always help. You can show thankfulness by sending special messages. Customer loyalty programs are of different types such as paid loyalty programs, value-based loyalty programs, point-based loyalty programs, game-based loyalty programs, coalition loyalty programs, and tiered loyalty programs. 

After setting a loyalty program make sure it is working. You must keep an eye on the customer loyalty program and get feedback from your customers. You can do this by monitoring what people are saying about your business on social media, the amount of traffic you are getting to your website, your sales number, and your customer retention rate. This will be different for every business. Click this link for more information https://fusiononemarketing.com/customer-loyalty/

December 23, 2021

Marketing trends on the horizon for 2022

We have made a list of six top marketing trends to be on the lookout for in 2021 and how to optimize them for your business. The number one is the rise of voice search. People are going to do more searches using voice search so it is important to position yourself for this medium. Optimize your content for voice search. Number two is social selling and social commerce. Social commerce means enabling people to make purchases view your social media platform. You can optimize for social selling by using a paid pay-per-click method. Number three is audio content which means podcasting. It is easy to consume where you are because you do not have to sit in one place and you can listen to it on any device. Number four is MUM which is a multitasking uniform model. It is going to be designed to interpret multiple forms of media and visual data to form a single response. Number five is the short form of video. People are finding new ways to use videos. A short video is anything that is two minutes and 30 seconds or shorter. Number six is a deeper focus on customer intent and user experience. User experience is very important in how a person interacts with your product or service. Your user is always going to expect convenience. You can optimize the user experience with well-placed call-to-action buttons. So, these are some things that you must think about in 2022. Click here for more information https://fusiononemarketing.com/digital-marketing-trends-2022/

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[technbrains]

The Future of Mobile Banking Apps

With the whole world coming to a sudden halt, the importance of mobile apps surfaced. This global event made many changes in the customer behaviors and how they wanted to use the technology to maximize its benefits for themselves. Among all the sectors of life that shifted towards the digitization, banking was not left behind. Though mobile banking existed before the pandemic, but during the strict lockdown days, people had to switch towards online banking completely which proved as a fast-paced track for mobile banking to grow.

The future of mobile banking

The digital banking platform is expected to develop at a CARG of 11.2 percent, according to the research digital banking platform market – growth trends, Covid-19 impact and forecast 2026. According to this survey, traditional banking systems are giving way to digital alternatives. In the financial industry, this shift is believed to be permanent. Meaning that the growth is not expected to stop with the covid-19.

Reasons why mobile banking apps grew during pandemic

There is no doubt in the fact that although covid-19 was exceptionally disastrous, it also did wonders for online business world. Let us discuss some other reasons why mobile banking apps became popular.

1. Customer service

· The digital banking apps provide a better customer service in the form of personalized and convenient experiences.

· These apps make the bank transactions easier as well.

· Quick and round the clock chatbots are always there to answer any customer queries and people get the quick response they are looking for.

· These applications help the users in managing their bank funds, and keeping a track on their spending.

· Some other useful features of mobile apps are QR code payment, online bill payments, and the comfort of doing all this without leaving your home.

· Many banks have developed their mobile apps from leading digital marketing companies, ensuring to deliver the best UI/UX experience.

2. Mobile-first approach

· The liberty of handling things with a device has led to the success of banking apps.

· These apps provide better usability.

· The availability of banking service through the day and night is a great feature for many customers.

· This approach is equally beneficial for the banks as well, in the light of changing events and scenarios.

3. Features

· Mobile banking applications come with latest in-built technologies such as Artificial intelligence, block-chain technology and more.

· These exceptional services make it easier for customers to manage their transaction history, and other whereabouts.

4. Security

· It is the top-most priority of any customer when it comes to the banking experience.

· The financial institutions are bound to provide the best security service in terms of having customers trust them with their finances.

· Prevention from frauds, spywares and harmful malware is provided in the online banking experience.

· Multiple layers of security like face id, password, bio-metric authentication are also great in minimizing fraud threats.

Endnote

The covid-19 impacted the banking industry surprisingly well. The flux towards mobile banking app downloading process was remarkably high and it turned out great for the financial institutes and digital banking services.