Effyis Group’s Post

Banking technology is transforming how consumers interact with their financial institutions. From cloud-based solutions and API services to innovative AI and BNPL features, banks are investing heavily in technology to meet customer expectations. Did you know that by 2027, digital wallets are projected to account for 61% of e-commerce payments globally? #BankingTechnology #CustomerSatisfaction https://lnkd.in/ezDiPKUa

Unlocking the Future of Banking: Digital Platforms and Super Apps The whitepaper on how digital platforms and super apps can empower traditional banks. Here are some key takeaways: - Consumer Expectations: With 74% of UK consumers the use of mobile banking, banks must adapt to fulfill growing expectations for seamless, integrated experiences. - The Shift to Super Apps: As standalone banking apps struggle, the trend is moving closer to complete superb apps that consolidate services—offering everything from payments to rewards in one place. - Legacy Challenges: Traditional banks face hurdles due to outdated technology and disjointed data systems, making it critical to invest in modern, flexible platforms. - Opportunity for Growth: By leveraging customer trust and building robust technology stacks, banks can innovate, compete with fintech disruptors, and enhance customer relationships. This whitepaper is a have-to-examine for all people inside the banking zone trying to navigate the evolving landscape! Thank you Compass Plus Technologies Official Link: https://lnkd.in/gycDANEC #banking #fintech #digitaltransformation #superapps #customerexperience

Unlocking the Future of Banking: Digital Platforms and Super Apps The whitepaper on how digital platforms and super apps can empower traditional banks. Here are some key takeaways: - Consumer Expectations: With 74% of UK consumers the use of mobile banking, banks must adapt to fulfill growing expectations for seamless, integrated experiences. - The Shift to Super Apps: As standalone banking apps struggle, the trend is moving closer to complete superb apps that consolidate services—offering everything from payments to rewards in one place. - Legacy Challenges: Traditional banks face hurdles due to outdated technology and disjointed data systems, making it critical to invest in modern, flexible platforms. - Opportunity for Growth: By leveraging customer trust and building robust technology stacks, banks can innovate, compete with fintech disruptors, and enhance customer relationships. This whitepaper is a have-to-examine for all people inside the banking zone trying to navigate the evolving landscape! Thank you Compass Plus Technologies Official Link: https://lnkd.in/gycDANEC #banking #fintech #digitaltransformation #superapps #customerexperience #appstoresagency #isapwallet #isapexchange www.Appstores.Agency www.iSAP.Exchange www.wallet.iSAP.Exchange iSAP Exchange FZCO Appstores.Agency

The way we pay for things is undergoing a dramatic transformation – the trusty plastic card, once a symbol of financial independence, is facing increasing competition from a wave of innovative digital payment solutions. Contactless payments, mobile wallets, and instant bank transfers are rapidly changing consumer behaviour, demanding a shift in how businesses approach transactions. This evolution presents both challenges and opportunities for merchants and consumers alike https://lnkd.in/dmnQz-EE

#FinTechCollaboration: #TheFutureofPayments In the evolving payments landscape, banks and FinTechs are working together to build faster, more secure payment solutions. Contactless payments, digital wallets, and instant cross-border transfers are now part of the everyday experience. These collaborations are transforming the way we transact. What do you see as the next big step in payment innovation? #Payments #FinTechPartnerships #DigitalPayments #Innovation #FinancialServices

🔍 Discover the #InstantPayment technologies and methods, such as Pay by Bank, A2A payments, and digital wallets, which are helping to power the #InstantEconomy ⚡️ See the full article here 👉 https://lnkd.in/d3w8s75S #PaymentInsights #ConsumerTrends

🌟 Excited to share some insights on the future of digital banking! 💼 As a banking professional, I've been closely following the latest trends and developments in the industry, and I believe that digital innovation is reshaping the way we bank. 💡 Did you know that mobile banking usage has surged by X% in the past year alone? This underscores the growing importance of seamless digital experiences for customers. From AI-driven chatbots to contactless payments, technology is revolutionizing the banking landscape and offering new opportunities for innovation. 📈 One trend that I find particularly intriguing is the rise of neobanks and fintech partnerships. These disruptors are challenging traditional banking models and forcing incumbents to rethink their strategies. It's an exciting time to be in the industry! 💬 I'd love to hear your thoughts on the future of banking. How do you think digital innovation will continue to shape the industry? Share your insights in the comments below! #Banking #DigitalTransformation #Fintech Feel free to customize the content to fit your expertise and interest.

Variable Recurring Payments (VRPs) are generating serious buzz among merchants – according to a recent report by Token.io and Open Banking Expo, 57% say they’d jump ship from cards to VRP to save on fees and reduce chargebacks. 💸 But there’s a catch: bank adoption. For VRP to really take off, banks covering at least 70% of consumer accounts need to be on board. How? As it turns out, 73% of industry leaders think regulatory intervention is essential to help banks (and their systems) step up for VRP. 🏛️ Without it, the VRP dream of flexible, low-cost recurring payments could stay just that—a dream. With open banking at a crossroads, fintech founders who can navigate these structural challenges will be primed to create products that are not just innovative but also resilient and adaptable. Shoutout to Token.io and Open Banking Expo for pushing the conversation forward. Find the full report below. 💡

Embrace the future of digital payments! With an increasing number of credit/debit card, wallets, and internet banking users, eliminate the hassle of COD payments for your ecommerce business and ride the wave of digital payments. It's time for your businesses to join the revolution today! Sign up today and start your digital payment collection journey in a few simple steps: https://lnkd.in/dWE8GzCx #Swich #digitalpayments #paymentgateway #fintech  #paymentsolutions  #financialservices

Unlocking the Future of Banking: Digital Platforms and Super Apps The whitepaper on how digital platforms and super apps can empower traditional banks. Here are some key takeaways: - Consumer Expectations: With 74% of UK consumers the use of mobile banking, banks must adapt to fulfill growing expectations for seamless, integrated experiences. - The Shift to Super Apps: As standalone banking apps struggle, the trend is moving closer to complete superb apps that consolidate services—offering everything from payments to rewards in one place. - Legacy Challenges: Traditional banks face hurdles due to outdated technology and disjointed data systems, making it critical to invest in modern, flexible platforms. - Opportunity for Growth: By leveraging customer trust and building robust technology stacks, banks can innovate, compete with fintech disruptors, and enhance customer relationships. This whitepaper is a have-to-examine for all people inside the banking zone trying to navigate the evolving landscape! Thank you Compass Plus Technologies Official Link: https://lnkd.in/gycDANEC #banking #fintech #digitaltransformation #superapps #customerexperience #appstoresagency #isapwallet #isapexchange www.Appstores.Agency www.iSAP.Exchange www.wallet.iSAP.Exchange iSAP Exchange FZCO Appstores.Agency