#Fintech #Innovation
and the #Digital Path of #Banking (NASDAQ: $APCX) (NASDAQ: $PAYO) (NYSE: $SQ) (
NASDAQ: $PYPL) @AppTechCorp @Payoneer
@Square @PayPal
Vancouver,
Kelowna, Delta, BC – December 8, 2022 - Investorideas.com, a
leading investor news resource covering Fintech stocks, features a snapshot
looking at the innovation taking place in payments and digital commerce, featuring AppTech Payments Corp.(NASDAQ: APCX), an
innovative Fintech company powering seamless, omni-channel commerce between
businesses and consumers.
Read this article,
featuring APCX in full at https://www.investorideas.com/news/2022/technology/12081Fintech-Innovation.asp
According
to Research and
Markets, “The global fintech market size reached US$ 131.14
Billion in 2021. Looking forward, the publisher expects the market to reach US$
385.93 Billion by 2027, exhibiting 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
backed by AppTech’s mobile commerce patents, core partner technology and other
related internal intellectual property. CXS solutions incorporate PaaS, BaaS,
Data, AI/ML, MarTech and other features to create flexible, rich, personalized
payment and banking experiences for end users. The “One Platform. All
Commerce.” tagline succinctly describes how Commerse seamlessly delivers
digital banking and accepts digital payments, including credit card issuance of
physical and virtual cards from credit card and alternative payment processing
services such as text-to-pay, to cross-border payment capabilities, all
facilitated by a single trusted ecosystem.
“AppTech’s
mission is to deliver a better way for businesses to provide their customers
with customizable commerce experiences. What differentiates Commerse and
AppTech from others is our entire approach, from strategy and development to
packaging and delivery of our CXS,” said AppTech Payments Corp. Chief Executive
Officer, 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 Payment Operations
along with Alexander Amaeze as Technical Product Manager. Each brings
substantive experience in the payments industry that will support product
development and management to deliver flawless customer experiences to scale
partner brands for AppTech.
Continued: Deborah
will lead and manage all payments operations for AppTech’s business lines. This
includes oversight of the payments operations team supporting partners across
merchant acquiring 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 like 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.
Continued: In his
role, Alexander will be responsible for creating data-driven business and
technology strategies to achieve operational objectives and guide the team to
delivery of AppTech’s product platform Commerse. Alexander has over fifteen
years of experience in product management spanning leading companies, such as
Xfinity/Comcast, AT&T, Toyota Financial and Capital One.
Showing
the resilience of the e-commerce market in the face of inflation and rising
interest rates, Block, Inc. (NYSE: SQ) (Square)
reported, “Over
the Black Friday and Cyber Monday weekend, Square and Afterpay sellers saw more
than 61M transactions as consumers globally kicked off the holiday shopping
season. For a detailed look, view 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 sellers should continue to prepare for buyer demand during the
holidays.”
"The
Black Friday and Cyber Monday weekend kicks off the biggest shopping season for
businesses – but it’s only the beginning," said Alyssa Henry, Head of
Square. "We’re entering a pivotal month for businesses to end the year
with strong momentum, especially given recent headwinds. Sellers should
leverage multiple revenue streams across online and in-person to ensure a
successful holiday season, using software like marketing and loyalty programs
to keep their business top of mind and to attract customers."
Also
showing strength in the payment space, Payoneer Global Inc. (NASDAQ: PAYO), the
commerce technology company powering payments and growth for the new global
economy, reported financial
results for its third quarter on November 9th
noting, "Payoneer reported strong third quarter results, achieving 30%
revenue growth year-over-year, highlighting the global breadth and diversity of
our revenue drivers," said Scott Galit, Co-Chief Executive Officer of
Payoneer. "Our performance reflects solid customer acquisition, adoption
of High Value Services including B2B AP/AR and Commercial Mastercard, as well
as accelerating interest income revenue from customer funds on our
platform."
"Payoneer
is powering 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-Chief Executive Officer of Payoneer. "Our opportunity is significant
and emerging market SMBs are increasingly using our platform, even in times of
macroeconomic and geopolitical uncertainty. We have an abundance of
opportunity, a diversified business model, and talented people, and we are
confident in our ability to execute going forward."
Leading
the digital payments market over the past 20 years, PayPal Holdings, Inc. (NASDAQ: PYPL) does
not take its position in the market for granted and is always looking for new
ways to keep and build on their 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, save and redeem rewards and offers
all in one place – their PayPal app. PayPal Rewards connects PayPal's merchant
offers, cash back savings, and shopping products into one experience.
“As
consumers continue to navigate high prices heading into the holiday shopping
season, deals, discounts, and cash back remain top priorities, with 25% of
consumers stating 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 cash back and
discounts at participating retailers. PayPal Rewards will build upon the nearly
$200 million PayPal consumers have already saved this year so far through
PayPal Honey-enabled cash back and discounts.”
Covid-19
dramatically accelerated the e-commerce market and created a demand for new
payment experiences by consumers. As the
economy undergoes new challenges moving forward, innovation and companies that
really understand what consumers want will determine the winners and losers of
2023.
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