Three major trends in the third-party payment industry, learn more

Trend 1: Third-party mobile payment technology companies are committed to transforming into B2B financial product service providers. omnichannel payment processing More and more traditional enterprises are relying on e-commerce to improve the overall efficiency of production, supply and sales.

The challenge for B2B enterprises is how to make the flow of funds faster, and it is also a market opportunity for third-party payment providers.

Trend 2: The payments industry will rely on online financial management to expand new business growth points.

Compared with mature overseas markets, the domestic financial management services market, including funds and insurance, is still in its infancy, with product sales relying mainly on traditional channels such as bank counters.

The relatively high payment cost of traditional channels and the obstacles in inter-bank fund payment make funds, insurance and other financial institutions have a greater demand for third-party payment.

Trend 3: Integration of terminal, data and value-added services. With the intensification of offline payment competition in the future, data analysis and value-added services based on acquiring channels will become the main profit point of third-party payment enterprises.

Expanding various innovative derivative products, providing risk control data support for various financial institutions, and improving the efficiency of capital flow through financial inclusion services will be an important direction for the development of the third-party payment industry.

Omnichannel payments: What are they?

Simply said, an omnichannel payments platform is a complete payment processing solution. It unifies all of a company's payment procedures, delivering a unified view of your customer interactions and revenue-generating options for the whole payment ecosystem.

What is acceptance of omnichannel?

If a customer chooses to pay in-person, over the phone, online, with a recurring invoice, or in another fashion, it shouldn't be startling for them. This is what is meant by omnichannel payment acceptance.

What 6 sigma metric is that?

Six sigma metrics: what are they? You may track the quality of your processes using a set of standard measurements known as six sigma metrics. They have their roots in the manufacturing sector, and companies frequently combine them with lean manufacturing techniques to increase operational effectiveness.