Digitization of payments is a massive jump towards achieving an easy, fast, and secure payment method. Today, digital payment solutions are witnessing massive developments, and many more are yet to come in the future. With the rise in identity theft and fraud, biometric authentication has emerged as a viable verification method to secure digital payments. It incorporates and provides accuracy, efficiency, and security under a single package, thus building customer loyalty and trust.
Mobile-point-of-sale is a revolutionary technology responsible for freeing merchants from their brick-and-mortar locations and in-store payments. This payment solution makes a huge difference in a store’s payment process by making it more streamlined and flexible by replacing the central checkout areas with sales staff equipped with mobile-point-of-sale devices. Security is a crucial element for payment as banks receive critical customer details and payment data each day. To detect all the possible threats within seconds, banks are relying on machine learning and AI. Banks continuously feed their software with different and new transactions. The software takes a set of limited transactions and learns to detect fraudulent transactions in real-time.
At this juncture, there is a wide variety of solution providers entering the industry with a set of advanced payment solutions. To help companies navigate through the best-of-breed payment solution providers, CIO Advisor APAC has compiled a list of ‘Top 10 Payment Solution Providers– 2021.’ The enlisted organizations offer payment solutions that can keep pace with the ever-increasing demands of customers for a fast, secure, reliable, and feasible payment system. The magazine also comprises insights from thought leaders in the sector on the industry trends, best practices, recent innovations, and their advice for aspiring CIOs.
We present to you CIO Advisor APAC’s, “Top 10 Payment Solution Providers – 2021.”