Call our team +44 (0) 207 566 3939

BLOG

Meet the future of electronic payment and e-commerce

Meet the future of electronic payment and e-commerce

Technology has become one of the guiding principles of the current corporate scenario. This is demonstrated by the exponential growth of e-commerce and electronic means of payment.
In this context, the way we do business has changed and so too the mechanisms of interaction between companies, customers and financial institutions.

All business owners are obliged to adapt their processes to new technological trends if they want to capitalise on contextual opportunities and transcend in a highly competitive world.

As for electronic payment, there is data that predicts a more intense use of credit and debit cards as a transactional instrument. The proliferation of tools like Point of Sale (POS) and Mobile Points of Sales (mPOS, POS Phones) being examples, especially in the segment of small and medium enterprises (SMEs).

Analysts have shown particular interest in mPOS, as they are an evolved form of TPV and allow businesses to run their operations through a smartphone or tablet.
This gives them an important cost reduction, dissociation of physical space and openness to a growing market for cardholders, whose activity has increased over the past eight years. Basically transactions will be made at any time and place.

But these are not all expectations for electronic payment methods. Technology and finance specialists point out that in the short term, contactless payment systems without physical-card-reading contact and Near Field Communication (NFC, Near Field Communication) will be consolidated, with which they interact directly with a terminal NFC and a smartphone.

Electronic means of payment and electronic commerce have maintained a positive trend in recent years. In the immediate future of e-commerce, the growth was in double digits, but this continued development will depend essentially on three factors: first, that businesses and users give greater certainty about their online transactions; two, that the acceptance of debit cards in digital operations is maintained and three; that companies develop and promote friendly and efficient applications for mobile use.

Related Category Posts

What Is the Right Business Partnership for You?

What Is the Right Business Partnership for You?

What Is the Right Business Partnership for You? When you’re starting a new company, you can either form a business partnership or try growing your business alone by becoming a sole trader.  If it’s not the latter, then it’s vital for you to understand the various...

read more
What Is Companies House?

What Is Companies House?

What Is Companies House? Your business idea has been conceived. A business address has been finalised. And now your business plan is put into practise. Throughout all these stages, the most important, and constant, body/organisation you’ll be dealing with...

read more
Is a Virtual Office Right for Your Business?

Is a Virtual Office Right for Your Business?

Is a Virtual Office Right for Your Business? In this modern digital age, is it time to ditch the idea of a traditional office structure? Many new start-ups are adopting the 'lean' method of operation where they only use the bare bones of a company structure to...

read more

Capital Office Ltd is registered in England and Wales: Registered Address: Kemp House 152 – 160 City Road London EC1V 2NX

Company Number: 06294297 | VAT No: 976201416 | ICO No: ZA084808 | Anti-money laundering registration number: XZML00000125126

© Copyright 2019 Capital Office Ltd - All Rights Reserved

Please click here to view the latest businesses using our address without authorisation.