Click HERE to find out ⭐ U.S. Fintech Bottomline Launches Payments & Cash Lifecycle Platform. | Crowdfund Insider: Global Fintech News, including Crowdfunding, Blockchain and more.
The Appeal of Digitized Payment Solutions Continues to Grow
- FinancialBuzz.com News Commentary
NEW YORK, Feb. 5, 2021 /PRNewswire/ The boom in the digital payments market is the result of several major factors. These include improvements in internet infrastructure in developing nations, easier to use applications, various innovations in hardware and software such as mobile wallets, P2P mobile payments, real-time payments and cryptocurrencies. Interestingly, this industry was already gaining traction at an exponential rate before the pandemic. However, after the implementation of social distancing rules, cashless payments have become an appealing alternative for billions of people. And, according to a story in CPA Practical Advisor, digital payments are expected to reach USD 6.6 Trillion in 2021, a 40% jump in two years. XTM, Inc. (CSE: PAID) (OTC: XTMIF), Coupa Software Incorporated (NASDAQ: COUP), Intuit Inc. (NASDAQ: INTU), Square, Inc. (NYSE: SQ), Bottomline Technologies (de)
Innovative Technology Allows Novel Integrated Payment Options to Spread
FinancialBuzz.com News Commentary
NEW YORK, Feb. 3, 2021 /PRNewswire/ With the emergence of online platforms, digital payment solutions have rapidly evolved throughout recent years. Typically, most payment providers advance their systems to send or receive funds quicker while providing top-line security. Meanwhile, the industry is largely being fueled by the changing demographic trends across the world. Specifically, millennials are responsible for the broad adoption of digital payment solutions, and as a generation that is heavily influenced by technology, their daily habits are intertwined around their phones, computers, and the internet. What remains key is consumer choice. People want a frictionless experience, taking the path of least resistance, just as long as they can remain secure, said Bill Gajda, Global Head, Innovation & Strategic Partnerships at Visa. Millennials will continue to drive mobile
Adobe Stock
According to a press release, the platform enables financial managers to optimize cash, liquidity and working capital with a unified solution that combines payables, receivables and treasury management. It aims to deliver greater visibility and control throughout the end-to-end cash lifecycle.
In one tool, managers can initiate and manage payments, automate payables and receivables, conduct sophisticated cash forecasting or scenario planning, optimize liquidity and investment returns, and manage borrowing needs and banking relationships. As part of the enhanced platform, Bottomline announced a business partnership with TreasuryXpress, a cloud-based treasury management solution.
“Businesses need simpler and more integrated solutions that offer better control and management of cash,” Rob Eberle, CEO of Bottomline, said in the press release. “At the core of our innovation agenda, we are transforming payments and cash management processes to streamline and