The payments market is changing at lightspeed. Startups are launching new services and incumbants are paying attention. Three key trends that are driving a good portion of the changes are:
- Digital payments are increasing in favour over the use of cash and checks/cheques,
- Powerful and connected mobile devices (including tablets) are providing a ubiquitous payments platform, and
- The Internet is enabling simpler, more nimble platforms (analytics, POS, etc) for businesses.