San Francisco, California, May 11, 2018: TMR Research points out that the global ePayment system market is expected to witness a growth spurt in the near future as economies are changing perspectives. The research report, titled “ePayment System Market– Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 – 2025”, explains the shifting trend and nature of money, which is likely to have a major impact on the overall market.
Growing usage of debit cards and credit cards not only encouraged introduced plastic money, but questioned the need for paper money. The ePayment systems are an obvious progression from these as unprecedented usage of smartphones, availability of Internet, and user-friendly banking apps have significantly enabled users to bank in a virtual world. ePayments are becoming are a quick trend as they are fast, safe, and eliminate the process of actually going to the bank. Thus, the convenience of making ePayments is expected to offer the global market a continuous impetus.
Upcoming trend of digitization in emerging economies of the world such as India are also expected to make a noticeable contribution to the ePayment systems market. Changing government policies that are in favor of electronic payments and development of easy to use and safe phone-to-phone payment applications are projected to favor market growth in the near future. The rise of e-commerce with online shopping and mobile banking have also been identified as key growth drivers for the global ePayments system market.
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Some the key players in the global ePayment system market are Wipro, VLNComm, LightPointe Communications, General Electric, Philips, pureLiFi, Nakagawa Labs, Nakagawa Labs, Oledcomm, LVX System, and Velmenni.