Can FinTech meet the COVID-19 challenges? How can FinTech respond to the new consumers’ habits, formed during the pandemic?
We all remember when PSD2 came as a promise of banking disruption and opened the doors for third party providers in Europe. Global mobile payment providers are already exploiting the void and need for mobile money management services, while banks remain reluctant and consider the complexities they already face and business risks involved with sharing client data. Nevertheless, not all regions are prone to adopting mobile payments at the same speed. Asia-Pacific seem to lead the trend, while western markets on the other hand observe these latest technology innovations with concern and even distrust.
In the previous blog post we focused on the way different e-Commerce channels will start to look in the near future. We defined what is shaping these three different e-Commerce channels: Customer e-Commerce, Business e-Commerce and Digital Retail. Continuing, we will focus more on Business e-commerce channel and which challenges and trends they will face in the upcoming days.
E-Commerce technology has evolved rapidly over the last decade. Today, it can support any product or solution, no matter how complex. The availability of technology and the growth of the buyers’ expectations, has forced companies out of their comfort zone, and into a reality of automation, cost reductions, and omnichannel sales. Yet, e-Commerce is still an emerging and evolving segment, set for continued growth and improvement.