The digital transformation of the payments industry has continued to accelerate at a breakneck pace in the wake of the pandemic. With more and more consumers now expecting the convenience and flexibility of digital payments, the sector has become more agile and innovative than ever to meet newer demands.
New-age payments firms, for instance, are forging ahead to take the lead in the Payments 4.X era by riding the success of non-card products and services. This new era is driven by API-based business models and open ecosystems collaboration to unleash its full market potential. Data prowess and enhanced payment processing capabilities are other inevitable trends driving the industry ahead.
It is also important to note that even as the world anticipates a post-pandemic future, the habits created over the last two years are here to stay. In response, payments vendors must work on offering solutions that aligns with a business’s digital-first shopping experience—seamless, efficient, convenient, and personalized. Moreover, these experiences need to be enabled across the entire customer journey, from pre-purchase through post-purchase.
At this juncture, there is a variety of payment solution vendors that are entering the market to cater to the different needs of the payment domain. To help them choose the solution that best fits their requirement, CIOReview APAC has compiled a list of payment solution vendors. Besides, 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 CIOReview APAC’s “Top 10 Payment Solutions Vendors – 2022.”