Growth in mobile payment use in Spain is still limited: the consumer habit transformation process always takes time. However, there is a wide offering of services linked to mobile payments, particularly from banks and leading tech companies, with a view to seducing a growing market.
Cellphones are increasingly being used to make financial transactions. It is estimated that by 2019 the total value of the mobile payments made worldwide will exceed one thousand billion dollars. Coupled with the growth of mobile banking, the smartphone is set to become the most important bank branch ever. We review the latest trends in mobile payments.
In the world of retail, it is often difficult to stand out in an ever more saturated global market. This is why it is crucial to have the right tools to analyze payments, customers, competitors’ prices and to monitor products in the various marketplaces and online stores.
What is the current status of smartphone payments? Which companies are contributing the most to this new path of business? And what role can APIs play in the ecosystem of mobile payments?
How do town-planning decisions affect a city's routines? How can data help assess and make decisions? The granularity and detailed information offered by PayStats allowed Madrid's city council to draw a more accurate map of consumer behavior and gain an objective measurement of the impact of the traffic restriction measures on commercial activity.
The quartet of major technology companies GAFA (Google, Amazon, Facebook and Apple) are looking for solutions and launching platforms to take over the mobile payments industry: Android Pay, Apple Pay, Facebook Messenger and payments using selfies on Amazon.
We're living in the age of Big Data, which manages how millions of data are handled. Non-relational databases and the possibility of expanding their implementation to the worldwide cloud are making it possible to use data for economic return. Big Data is starting to show its capacity to impact two major sectors: retail and banks.
The world of culture has begun to use the potential of APIs to improve profitability, create alliances and offer better services to the public. The British company London Theatre Direct (LTD) is an example of success through the use of a management API.
There are more and more startups appearing that offer tools and financial platforms in which developers have a wide gamut of possibilities for creating innovative services and new business models.
The new Revised Directive on Payment Services (PSD2), issued by the European Banking Authority to deregulate the financial sector, has sparked a genuine revolution in the processes of managing digital identity –and in its protection.
