PAYMENT SOLUTIONS
IoT technology is powering a global revolution in the payments space , and here we explore some of the companies at the forefront of this trend
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T he global financial services sector is undergoing a period of significant transformation . In particular , the digital payments space is in the midst of a rapid evolution , pulled by growing
customer demand for easy , interconnected payment solutions , and pushed by a rising tide of powerful new technologies . Alongside increasingly advanced data analytics , artificial intelligence ( AI ) and cloud-based digital architectures , one of the areas of technology poised to have the biggest impact on this sector is the Internet of Things ( IoT ).
IoT is a term used to describe a wide variety of devices beyond those that we traditionally think of as being capable of connecting to the internet . From connected cars and Samsung ’ s smart fridge to powerful sensor relays inside active volcanoes , IoT devices are increasingly integrating an already connected world . The implications are astounding , and adoption is progressing at an incredible pace .
JULY 2020