Payments

Payments, global trade head for digital ‘tipping point’ as coronavirus pandemic forces shift in business environment

Digitisation in payments and global trade has reached a “tipping point” as a result of the challenges created by the coronavirus pandemic, creating a new level of comfort and trust in digitally driven transactions, according to a panel of fintech experts.” data-reactid=”28″Digitisation in payments and global trade has reached a “tipping point” as a result of the challenges created by the coronavirus pandemic, creating a new level of comfort and trust in digitally driven transactions, according to a panel of fintech experts.

Global trade has entered a new era where the digital economy is going to be the centre of the world’s economic structure, according to Jack Zhang, chief executive and co-founder of Tencent Holdings-backed payments operator Airwallex.

Airwallex saw usage by its customers jump by 53 per cent in the second quarter from the first, with some of its e-commerce customers experiencing 200 per cent growth

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Global Payments Gains on Expanded Use of Electronic Payments

Global Payments Inc. GPN is set to grow in the long run on the back of increased global consumption and an uptrend in electronic payments as well as integrated payments.

The company’s intensified focus on strengthening its software-driven payments makes it stand out in the industry. Ongoing investments in technology led to the transition in the company’s business mix toward technology enablement, which is expected to represent 60% of its revenues (up from 30% in 2015) and fuel significant growth by the end of 2020 with a balanced portfolio across owned SaS, partnered software, and e-commerce and omnichannel assets.

The acquisitions of APT in 2012, PayPros in 2014 and Heartland in 2016 also expanded the company’s technology platform. Its open software arm was further extended by the buyouts of AdvancedMD and SICOM. Global Payments’ robust technology solutions will continue to set its class apart in the marketplace and position it

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