DIGITAL PAYMENTS to-phone and pin-on-glass technology or a fast checkout , which feels like a natural part of the customer experience ."
Improving access to finance Another trend is the steady rise in fintechs providing accessibility to finance during the purchase process , which is being made available through a number of different channels . These include apps to provide an instant credit score , loans for purchases in-store or online , and financial management tools to give consumers the ability to track their expenses .
" For most small and medium businesses around the world , access to financing for their operations is lacking ," said Tayo Oviosu , Founder and CEO at Paga , the leading payments platform in Nigeria . " Fintech is enabling a world of embedded finance with innovative ways for SMEs to fund their business and scale by giving fintech companies visibility to their transactions . We ' ve seen the growth of working capital products , or Buy Now , Pay Later . Consumers also benefit from these developments as they now have more options at checkout ."
“ FINTECHS AND BANKS HAVE THE TOOLS AND DATA SOURCES TO ANALYSE SMALL BUSINESS OWNERS ' ACTIVITY AND HELP THEM MANAGE THEIR BUSINESS MORE EFFECTIVELY ”
DOREL BLITZ VP OF STRATEGY AND BUSINESS DEVELOPMENT AT PERSONETICS
Supporting underserved communities In addition to making it easier for consumers to make payments , there is also a trend of using technology to help local sellers in underserved markets . This trend includes providing sellers with access to financial services and tools to allow them to sell online and reach a broader customer base .
Tim Nixon , CEO and Founder at Trolley . com , thinks , " Fintech solutions open the playing field for increased seller participation : expanding access to sellers