The increased level of individual connectedness made possible by technological advancements has drastically affected the speed of how we all interact, politically, socially and of course, commercially. The author reflects on the last decade and the ground that has been covered as well as examining areas of opportunity coming to light. As PayPal Canada’s GM, the author works for a company that has been a driving force in the digitization of commerce.
What we’re seeing today is a fundamental change in the evolution of money, driven by mobile that has — and will continue to have — major implications for retail and digital commerce. The opportunities for businesses to connect deeply with buyers will continue to increase, as consumers are now purchasing goods anytime and anywhere. But this wasn’t always the case.
Innovations around communications and data security, identity authentication and asset verification are all coming together to further accelerate the speed at which we navigate and transact our daily lives. In addition to the five areas of opportunity outlined by the author, Mercator Advisory Group has identified Eight Technologies That Will Impact Payments and Banking Going Forward.
Overview by Joseph Walent, Senior Analyst, Emerging Technologies Advisory Service at Mercator Advisory Group
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