A report by McKinsey & Company on global banking, projected that global payment market revenues are poised to approach $3 Trillion by 2023. As cryptocurrency payment platforms become more common… that number should rise… but the purveyors of traditional payment methods may have to get over their initial reluctance to this new disruptive technology… or they could miss the boat! A recent article in the Bitcoin Exchange Guide addressed this subject: “One of the longtime fears that the traditional financial world seems to have about cryptocurrency is its potential for overtaking payment systems. People who are comfortable with the archaic system do not want to see a broader market… However, as the technology behind cryptocurrency and blockchain finds more use cases, the disruption of the current payment system may not be far behind. Active Companies in the industry include NetCents Technology Inc. (CSE:NC) (OTC:NTTCF), Xunlei Limited (NASDAQ: XNET), PayPal Holdings, Inc. (NASDAQ: PYPL), Pareteum Corporation (NASDAQ: TEUM), Riot Blockchain, Inc. (NASDAQ: RIOT).
The report continued: “Lisa Ellis is an analyst with MoffettNathanson… (recently) stated that she believes that cryptocurrency’s global acceptance could change payment systems. To be clear, she does not believe that the big names like Visa, Mastercard and PayPal will be pushed aside anytime soon, but the… idea of crypto replacing (the traditional standards) is worth exploring. Cryptocurrency has this unique quality of remaining independent of any specific country, and the way that it has jumped in as a saving grace to many countries suffering from hyperinflation is a reprieve.
NetCents Technology Inc. (CSE:NC) (OTCPK:NTTCF) (Frankfurt:26N) BREAKING NEWS: NetCents Technology is pleased to announce that it has begun processing cryptocurrency transactions for its first charity partner, HS Aware.
NetCents is a strong believer about being able to invoke change. Change not only on its business side but more importantly throughout our communities with initiatives that positively impact people’s lives. On March 7th, the Company launched its Charity Impact Initiative and we are proud to announce our first charity partnership with HS Aware.
NetCents is providing all registered charities and non-profits free cryptocurrency processing. Any charity that signs up through this initiative is able to accept donations and sell their merchandise and tickets with zero processing fees. Interested charities can visit https://net-cents.com/partners#partners-form to learn more and sign up.
“HS Aware is excited to remain an innovator in the non-profit space by now accepting cryptocurrency donations to fund our future initiatives and events,” stated Maria Goguen, President of HS Aware. “We’ve had a lot of interest to begin accepting donations in crypto to further support the HS community and now through this partnership, we are able to. We are thankful for any and all support members of the community want to give.”
HS Aware regularly lobbies and liaisons with the government and medical organizations, hosts events bringing awareness and support to HS (Hidradenitis Suppurativa), and provides an open and safe space for HS patients to discuss living with HS. Founded in Canada, HS Aware is the largest Canadian community and has increased its footprint globally as one of the largest non-profits in the world representing HS with a community of over 15,000 active supporters worldwide. Read this and more news for NetCents at: https://www.financialnewsmedia.com/news-nc/
Other recent developments in the tech industry include:
Xunlei Limited (NASDAQ: XNET) a leading innovator in shared cloud computing and blockchain technology in China, recently announced that the Company has cooperated with the Copyright Protection Center of China (“CPCC”) to build a blockchain-powered digital copyright identifier (“DCI”) system. CPCC, established in 1998, is the national copyright public service institution supervised directly by the State Administration of Press, Publication, Radio, Film and Television of the People’s Republic of China (National Copyright Administration of China). CPCC has a DCI system, which plays a significant role in the core infrastructure of the national internet copyright public services.
Riot Blockchain, Inc. (NASDAQ: RIOT) recently announced the filing of its 2018 Annual Report on Form 10-K, which can be viewed on the Company’s website or at SEC.gov. Highlights extracted from the December 31, 2018 annual consolidated financial statements (all amounts as of, or for the year ended, December 31, 2018) include: Generated approximately $7.7 million in revenue on the production of 1,081 Bitcoins (including Bitcoin Cash as converted) and 3,023 Litecoins for the year. The Company established steady-state mining of cryptocurrencies at our approximately 8,000-miner facility in Oklahoma City commencing in June, 2018 – Positive gross margin of 33% before depreciation, amortization and impairment, despite a decline in the average price of Bitcoin throughout the year – Cash and digital currencies totaled $1.6 million – No long-term debt – Net loss attributable to Riot Blockchain of approximately $58 million. The net loss was largely attributable to the noncash aggregate impairments, depreciation, amortization, and stock-based compensation expenses of approximately $45.2 million – 13,403,846 weighted average number of common shares outstanding
Pareteum Corporation (NASDAQ: TEUM) a rapidly growing global cloud software communications platform company with a mission to connect every person and every(thing), announced that it will report first quarter 2019 financial results after the market close on Tuesday, May 7, 2019. Management will host a conference call and webcast to discuss the Company’s financial results at 4:30 pm EDT. Conference Call Information:
Date: May 7, 2019
Time: 4:30 PM EDT
Domestic Dial-in Number: 1- 800-263-0877
International Dial-in Number: 1- 646-828-8143
U.K. Toll Free: 0800 358 6377
PayPal Holdings, Inc. (NASDAQ: PYPL) and Cambridge Blockchain, Inc. a digital identity enterprise software provider, announced today that PayPal has joined its Series A funding round. With this investment, the two companies will explore potential collaborations to leverage blockchain technology.
“Our service helps streamline digital identity compliance while giving customers control over their identity data,” said Matthew Commons, Cambridge Blockchain’s CEO. “We are honored by PayPal’s vote of confidence, and we look forward to their support and guidance.”
DISCLAIMER: FN Media Group LLC (FNM), which owns and operates FinancialNewsMedia.com and MarketNewsUpdates.com, is a third party publisher and news dissemination service provider, which disseminates electronic information through multiple online media channels. FNM is NOT affiliated in any manner with any company mentioned herein. FNM and its affiliated companies are a news dissemination solutions provider and are NOT a registered broker/dealer/analyst/adviser, holds no investment licenses and may NOT sell, offer to sell or offer to buy any security. FNM’s market updates, news alerts and corporate profiles are NOT a solicitation or recommendation to buy, sell or hold securities. The material in this release is intended to be strictly informational and is NEVER to be construed or interpreted as research material. All readers are strongly urged to perform research and due diligence on their own and consult =a licensed financial professional before considering any level of investing in stocks. All material included herein is republished content and details which were previously disseminated by the companies mentioned in this release. FNM is not liable for any investment decisions by its readers or subscribers. Investors are cautioned that they may lose all or a portion of their investment when investing in stocks. For current services performed FNM has been compensated forty nine hundred dollars for news coverage of the current press releases issued by NetCents Technology Inc. by a non-affiliated third party. FNM HOLDS NO SHARES OF ANY COMPANY NAMED IN THIS RELEASE.
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DNA Behavior International Takes its API to the Next Level by Enabling it with AI
For some time now DNA Behavior has been using its API to help a variety of organizations quickly “plug in” its behavioral chip to discover and leverage behavioral insights already within their people and systems. Now, DNA Behavior is taking that effort to the next level, by leveraging a suite of enterprise-ready AI services, applications, and toolsets to accelerate the adoption of behavioral insights across large financial services enterprises.
“Banks and large wealth management firms are leveraging behavioral finance to gain a competitive edge,” says Hugh Massie, CEO of DNA Behavior International. “To date, behavioral finance initiatives have been pinpointed and targeted toward specific client and employee groups. By utilizing AI and additional apps and toolsets, DNA Behavior is poised to implement the worlds’ largest behavioral finance initiatives for banks and wealth management firms. In short, rapid application of BeFi across larger organizations.”
DNA Behavior’s focus and specialty is revealing 200+ behavioral insights and the action steps needed to aid employees and clients in investing, working, spending and living smarter. Leveraging these additional technologies in addition to DNA’s API help meet industry demands to create rich omnichannel experiences by applying behavioral insights to enterprise-wide datasets.
“We’re using linguistic analytics to deepen our – and our clients’ – understanding of individual’s personality characteristics,” Massie says. “The linguistic and tone patterns individuals use in their speech or written communication have inherent connections to their instinctive behaviors. Revealing these linguistic and tone patterns will aid in DNA Behavior’s core offering, which is validated, robust, consistent and practical behavioral insights and customized experiences they can “plugin” to their own systems. These latest additions amp up that offering, expanding the possibilities, both in terms of speed and volume,”
As examples of its new AI-enabled API, Massie offers three scenarios:
- Use natural language recognition capabilities to discern the intent of what a user is saying, to respond to inquiries and requests. The problem is, most chatbots and automated support systems use a one-size-fits-all approach to respond to inquiries. DNA is powering current technologies to customize these existing engagements at scale.
- Measure emotions, fears and excitement for investors and relaying this intelligence to advice teams along with the communication steps and a playbook to behaviorally manage clients.
- Use linguistic analytics to infer individuals’ personality characteristics, from digital communications such as email, blogs, tweets, and forum posts. This enables an organization to better parse a user’s inclination to create a customized marketing playbook for each client. Organizations armed with this information will optimize their marketing spend for steak dinners, theater tickets, gifts and professional sporting events.
SOURCE DNA Behavior International
Post-fundraising update: YouTrip Secures Principal Licence From Mastercard To Fuel Rapid Growth in Singapore
YouTrip, Singapore’s first multi-currency mobile wallet with a prepaid Mastercard, has announced that it has secured a Principal Licence from Mastercard and will be assuming the primary role of issuer and stored value facility holder of YouTrip accounts. This will allow YouTrip to deliver improved and additional features directly to its users, as well as enable it to provide a more robust and dedicated payment security setup in anticipation of The Payment Services Act targeted to commence in 2020.
Having partnered with Mastercard and EZ-Link to launch in Singapore in August 2018, YouTrip will be taking over the role of issuer and holder of stored value accounts from EZ-Link while continuing the current brand partnership. This is part of YouTrip’s wider ambitions to develop its platform and new features for its users, as it readies itself for expansion. Since YouTrip announced its record pre-Series A fundraise earlier this year, it has doubled the number of app downloads to over 400,000 from 200,000 in May and grown its team beyond 100 people across its offices in Singapore and Hong Kong.
Caecilia Chu, co-founder and CEO of YouTrip said, “We have come a long way since we launched a year ago. The tremendous support we have received from our users is truly humbling, and also a testament to their belief and confidence in our mission to transform overseas travel spending. Securing a Principal Licence from Mastercard marks another significant milestone in our growth journey as it will allow us to operate and deliver additional features directly to our users, as well as accommodate more sign-ups. As the regional fintech space continues to develop dynamically, this licence will provide the ideal springboard for the development and expansion plans we have in the pipeline.”
YouTrip also recently obtained a remittance licence from MAS to cater for future product development. This will be key to its expansion plans as more regulators identify fintech as a major growth area and introduce progressive policy measures to facilitate innovation and the broadening usage of such services.
POS Terminal Market to Soar Owing to Massive Demand for Cost-Effective Technologies to Manage Payment Systems by 2023: Radiant Insights, Inc.
Global POS Terminal Market is anticipated that the market will witness a higher CAGR during the forecast period. Retail payment systems account for an essential position in the smooth functioning of any economy. In the past years the growing popularity of the device across different verticals is enabling the industry growth. Inception of cloud technology and related benefits are more likely to deliver robust technology for payment systems in the near future. Further, major development in the POS device such as size and technology compatibility for small-scale business, and greater flexibility.
Driving factors comprise massive demand for cost-effective technologies to manage payment systems within different verticals. POS terminal offers convenience and features in various application segments. In addition, the proliferation of smartphones and modernization of app technology provide payment service to customers in the consumer market is adding more.
In addition, inception of big data backed by software which is integrated with other software systems is contributing more to the utility value. Hence, greater CRM functionality aligned with customer relations and the use of predictive analysis for client and customers in the B2C space accounts for a massive growth during the forecast period.
Download PDF to know more details about “Global POS Terminal Market” Report 2023.
Fixed and wireless POS form as product segments while hardware and software form the component category for POS terminal market. The Asia Pacific dominates the global scenario owing to the vast presence of customer base and digitalization of payment technologies at large. In addition, inception of start-up technology in India and China acts as a catalyst in strengthening the industry growth in APAC.
The key players are Mswipe Technologies Pvt Ltd, Shenzhen Xinguodu Technology Co Ltd, SMIT Fintech Co Ltd, Fuijan Newland Payment Technology Co Ltd, SZZT Electronics Shenzhen Co Ltd and VeriFone Holdings Inc.
The ‘Global POS Terminal Market Outlook 2018-2023’ offers detailed coverage of POS terminal industry and presents main market trends. The market research gives historical and forecast market size, demand, end-use details, price trends, and company shares of the leading POS terminal producers to provide exhaustive coverage of the market for POS terminal. The report segments the market and forecasts its size, by volume and value, on the basis of application, by products, and by geography.
The report has been prepared based on an in-depth market analysis with inputs from key industry participants. The global POS terminal market has been segmented into five major regions, namely, North America (U.S., Canada, and others), Europe (U.K., France, Germany, Russia, and others), Asia-Pacific (China, Japan, India, Australia, and others), South America (Brazil, Argentina, and others), and Middle East & Africa (South Africa, Saudi Arabia, and others). Furthermore, the report also includes an in-depth competitive analysis of the key vendors operating in this market.
Access 143 page research report with TOC on “Global POS Terminal Market” available with Radiant Insights, Inc. @: https://www.radiantinsights.com/research/global-pos-terminal-market-outlook-2018-2023
- Key Regions
- North America
- Asia Pacific
- Middle East & Africa
- South America
- Key Vendors
- Fujian Newland Payment Technology Co., Ltd.
- Mswipe Technologies Pvt Ltd
- Shenzhen Xinguodu Technology Co., Ltd.
- SMIT Fintech Co., Ltd.
- SZZT Electronics Shenzhen Co., Ltd.
- VeriFone Holdings, Inc.
- Key Questions Answered in This Report
- Analysis of the POS terminal market including revenues, future growth, market outlook
- Historical data and forecast
- Regional analysis including growth estimates
- Analyzes the end user markets including growth estimates.
- Profiles on POS terminal including products, sales/revenues, and market position
- Market structure, market drivers and restraints.
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