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Fintech Innovation and the Digital Path of Banking in the Future

by James · December 8, 2022

Vancouver, Kelowna and Delta, British Columbia – (Newsfile Corp. – December 8, 2022) – Investorideas.com, a leading investor news resource covering Fintech stocks, has a snapshot looking at the innovation taking place in payments and digital commerce, with AppTech Payments Corp. (NASDAQ: APCX), an innovative Fintech company that powers seamless, omni-channel commerce between businesses and consumers.

Read the full article at Investorideas.com

https://www.investorideas.com/News/2022/technology/12070Fintech.asp

According to Research and Markets, “the global fintech market reached USD 131.14 billion in 2021. Looking ahead, the publisher expects the market to reach USD 385.93 billion by 2027, showing a CAGR of 19.71% during 2021 -2027.”

They report, “Fintech is transforming the banking system by increasing productivity and customer retention through speed and convenience.”

AppTech Payments Corp. (NASDAQ: APCX) recently unveiled Commerse™ at Money20/20 USA in October in Las Vegas.

Commerse is a cloud-based Commerce Experiences-as-a-Service (“CXS”) platform supported by AppTech’s mobile commerce patents, core partner technology and other related internal intellectual property. CXS solutions include PaaS, BaaS, Data, AI/ML, MarTech and other capabilities to create flexible, rich, personalized payment and banking experiences for end users. “One platform. All commerce.” the slogan succinctly describes how Commerse seamlessly delivers digital banking services and accepts digital payments, including credit card issuance of physical and virtual cards from credit cards and alternative payment processing services such as text-to-pay, to cross-border payment options, all facilitated by a single trusted ecosystem.

“AppTech’s mission is to deliver a better way for businesses to provide their customers with customized commerce experiences. What sets Commerse and AppTech apart is our whole approach, from strategy and development to packaging and delivering CXS,” said AppTech Payments Corp. CEO, Luke D’Angelo.

With a plan to accelerate Commerse to market, AppTech just announced new strategic hires.

From the news: Deborah Hinderstein has joined AppTech as Vice President of Payments Operations alongside Alexander Amaeze as Technical Product Manager. Each brings significant experience in the payments industry that will support product development and administration to deliver seamless customer experiences to scale partner brands for AppTech.

Still: Deborah will lead and manage all payments operations for AppTech’s lines of business. This includes overseeing the payments operations team supporting partners across merchant procurement, as well as issuing and ensuring payments are processed and managed within established service level agreements. Deborah joins AppTech with over 15 years of leadership experience at companies such as Bank of America Merchant Services, Wells Fargo, WorldPay and MerchantE. Her experience includes managing all facets of the business, from sales, relationship management, product, project management and operations.

Still: In his role, Alexander will be responsible for creating data-driven business and technology strategies to achieve operational goals and guide the team to the delivery of AppTech’s Commerse product platform. Alexander has over fifteen years of product management experience spanning leading companies such as Xfinity/Comcast, AT&T, Toyota Financial and Capital One.

Block, Inc. (Square) demonstrates the resilience of the e-commerce market in the face of inflation and rising interest rates. started the Christmas shopping season. For a detailed look, see our complete Black Friday/Cyber Monday results. Square and Afterpay’s Festive Forecast report indicated that nearly 80% of consumers intend to spend the same if not more compared to last year, signaling that Merchants should continue to prepare for buyer demand during the holidays.”

“Black Friday and Cyber Monday weekend kick off the biggest shopping season for businesses — but that’s just the beginning,” said Alyssa Henry, head of Square. “We’re entering a crucial month for businesses to end the year with strong momentum, especially given the recent headwinds. Retailers should leverage multiple revenue streams across online and in-person to ensure a successful holiday season, using software such as marketing and loyalty programs to keep their business top of mind and attract customers.”

Also showing strength in the payments space, Payoneer Global Inc., the commerce technology company driving payments and growth for the new global economy, reported third-quarter financial results on Nov. 9^th notes that “Payoneer reported strong third-quarter results, achieving 30% year-over-year revenue growth, highlighting the global breadth and diversity of our revenue drivers,” said Scott Galit, Payoneer Co-Chief Executive Officer. “Our performance reflects solid client acquisition, adoption of high-value services including B2B AP/AR and Commercial Mastercard, as well as accelerating interest income from client funds on our platform.”

“Payoneer is driving the cross-border economy and capturing market share in high-growth emerging markets. For example, we saw over 50% year-over-year revenue growth in the third quarter from customers in Latin America,” said John Caplan, Co. -CEO of Payoneer. “Our opportunities are significant and SMEs in emerging markets are increasingly using our platform, even in times of macroeconomic and geopolitical uncertainty. We have an abundance of opportunities, a diversified business model and talented people, and we are confident in our ability to to carry out what we are working on. going forward.”

Leading the digital payments market for the past 20 years, PayPal Holdings, Inc. does not take its position in the market for granted and is always looking for new ways to retain and build on its 430 million active accounts.

In mid-October, PayPal announced the introduction of PayPal Rewards, a new unified rewards program that gives customers an easy way to shop, earn, track, store and redeem rewards and offers in one place – their PayPal app. PayPal Rewards combines PayPal’s merchant offers, cashback savings and shopping products into one experience.

“As consumers continue to navigate high prices heading into the holiday shopping season, deals, discounts and cashback remain top priorities, with 25% of consumers saying loyalty programs are the most important factor when deciding where to shop1. PayPal Rewards provides a ubiquitous rewards program where consumers can earn PayPal Rewards points and save money through cashback and discounts at participating retailers. PayPal Rewards will build on the nearly $200 million that PayPal consumers have already saved this year so far through PayPal Honey-enabled cashback and discounts. “

COVID-19 dramatically accelerated the e-commerce market and created demand for new consumer payment experiences. As the economy undergoes new challenges ahead, innovation and companies that truly understand what consumers want will determine the winners and losers in 2023.

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