The Next Generation Fintech Revolutionary Cashless Payment System

LOS ANGELES, September 19, 2017 /PRNewswire/ --

USA News Group - The Fintech (short for financial technology) revolution is well underway and moving us closer to a cashless payment reality faster than ever imagined. Companies adapting technology to make this process better and more seamless are already seeing the payoff for their efforts and include: Mastercard Inc. (NYSE: MA), PayPal Holdings Inc. (NASDAQ: PYPL), Square (NYSE: SQ) and GlancePay (OTC: GLNNF) (CSE: GET).

Clearly the markets understand this.

Some of the best stocks in this space are up, up and up again, with leaders in the pack showing outstanding growth reflecting their ability to innovate and adapt.

There seems little doubt that these companies' rise will continue well into the next business cycle with a CAGR projected to average in the 30% + range.

There are some standouts in the field; here are likely the top three that you know well and one you probably do not (but will hear about soon enough).

The rare find here is a Canadian company quickly earning a reputation as the "next PayPal" for its ability to bring simple, patented technology to a much needed payment space. GlancePay, (CSE: GET) (OTCQB: GLNNF) launched in 2016 and is already the No. 1 mobile payment app in Canada where it originates.

The others who continue to deliver on the promise are Mastercard Inc. (NYSE: MA), which declared record profits in 2017, largely due to its efforts in the mobile payment space, along with PayPal Holdings Inc. (NASDAQ: PYPL), and Square (NYSE: SQ), who both had impressive year-over-year growth and are up 49% and 95% respectively for the YTD 2017.

MOBILE PAYMENTS UP 80%  

Fintech is massive and the potential for financial rewards are just as big.

Indications are there will be $503 billion in in-store mobile payments by 2020, according to BI Intelligence -a growth rate of 80% between 2015 and 2020.

Industry source Future Market Insights predicts a CAGR growth of 39.4% from 2014 to 2020, but its data is based on 2015 statistics and does not account for the significant increase in growth since then.

In either scenario, mobile payment growth is predicted to spike.

In the U.S. alone, in-store mobile payments users are expected to reach 150 million by the end of 2020, according to Mobile Payments World.

It's important to note that in 2015, the full-service restaurant industry in North America was worth $286 billion, while the quick service restaurant industry was worth over $230 billion.

This is the initial target market for GlancePay.

KEEP IT SIMPLE 

Companies in the fintech space are about simplifying traditional financial systems and approaches.

GlancePay is a streamlined payment platform giving customers the ability to pay their restaurant bill instantly with their mobile device. It's just that simple. It means no more waiting on waitresses; no more credit card machines; and a single app rather than one for each restaurant.

The app knows where you are using patented GPS technology. If GPS isn't available, it can determine your location using a photo of your location. Similar to the way Google has mapped the world, GlancePay has built a proprietary global database of locations.

GlancePay is the brainchild of Desmond Griffin, who built 'PayByPhone' from concept to a wildly successful mobile app for parking payments, servicing millions of customers in over 100 cities around the world. He sold the app for nearly $45 million, and it is currently owned by Volkswagen.

LIKE PAYPAL: LIKE THIS 

If you like the way PayPal built its way to become the leader in payment for purchases online, you have to like this new approach.

GlancePay allows customers to pay their bill instantly with their mobile device. That, plus a lot more. It takes the mobile pay app experience much further than say Apple Pay, which is available only to iPhone owners, and has failed so far to gain widespread usage.

GlancePay's system ups the ante with an eco-system that includes in-app marketing, in-store rewards, transaction history, payment confirmation, -even the ability to split the tab in a restaurant. It creates incentives and adoption is picking up as a result.

Patrons simply love it.

It also helps you choose nearby restaurants, and soon, it will also enable ordering from your table, for pickup or for delivery.

For restaurants, this is big. It means better business, faster turnaround and potentially greater revenues. Incredibly, they can be up and running with the system in under an hour with no new hardware.

Beyond displacing technology in the restaurant sector, GlancePay is already diversifying into two other potentially massive markets: Cannabis commerce and Crypto currencies.

Through its CannaPay service, GET will offer turnkey solutions for the emerging marijuana market that is expected to be legalized in Canada as early as mid 2018. This is a market that Deloitte estimates could be worth a whopping $22.6 billion annually. Yet there is no single provider stepping up to deliver mobile and direct payment options.

On the cryptocurrency front, GlancePay plans to provide multiple payment channels from Bitcoin to Litecoin to Ethereum, and more.

BIGGER THAN BITCOIN 

Mobile payment technology is one of the fastest-growing markets in the world, and GlancePay is hoping to be a major market disrupter-filling a gap not addressed by the Mastercard, PayPal or Square players have tapped.

Of course the large cap companies here trade at a premium valuation to the market, so their share prices could be volatile over the short term. But wise investors know the best way to capture significant capital gain returns is by thinking long term.

These companies have shown the continued ability to leverage technology in order to transform the way financial services are performed. They demonstrate how innovation has directly led to long runways of top- and bottom-line growth.

And while these stocks might look expensive now, it might not be long before investors look back at these prices the way the opine Amazon and Google "early" share prices now.

If Mastercard Inc., PayPal and Square look expensive, consider GlancePay's position: despite all the first mover progress, the company appears undervalued at a mere $18 million market cap.

Although relatively new as a Fintech company, GET has already made some impressive strides: just launched in 2016, it already has 160 merchants signed on, and its growth is on path to soar in the coming months. As an indication, its Q2 revenue is up a whopping 664% over the previous quarter.

Look for GET join the list of the elite innovators making the mobile sector Fintech's a very attractive sector over the next year.

POTENTIAL COMPARABLES 

Mastercard Inc. (NYSE: MA)

Mastercard is a behemoth of credit cards and payment systems. In the past couple of years, it has introduced a number of new products and features that enhance payment both in terms of convenience and security. In 2016, these included Mastercard Identity Check, more popularly known as "Selfie Pay" and the AI-powered Decision Intelligence platform, a service that, is supposed to "uses artificial intelligence technology to help financial institutions increase the accuracy of real-time approvals of genuine transactions and reduce false declines." The company continues strong reporting 13% revenue growth last quarter and remains one of the best stocks in fintech.

PayPal Holdings (NASDAQ: PYPL)

In 2014, mobile commerce accounted for a little more than 11% of the $303 billion domestic e-commerce total. It's expected that could balloon to 45% of e-commerce, or about $284 billion, by 2020. PayPal appears to be better-positioned than any other company (at the moment) to capitalize on this trend. Last year, PayPal facilitated more than $100 billion of total payment volume originating from mobile devices. That figure is expected to go up significantly in 2017 thanks to growth from features like PayPal's One Touch feature. When the company reported its first quarter, over 53 million consumers had opted into the program and more than 5 million merchants accepted it at checkout.

Square Inc. (NYSE: SQ)

Originally a simple payment processor aiming to offer merchants hardware that accepted plastic at the point-of-sale, Square has been transformed and continued to innovate in the payment and merchant processing space. The company has introduced software that allowed Square vendors to process EMV chip-embedded cards faster and introducing platforms that are specific to different merchants' needs, like Square for Retail. It has also been very successful with Square Capital program offers small- and medium-sized businesses microloans not often available for these businesses and Instant Deposit service that allows its clients to receive funds instantly upon swiping a customer's credit or debit card. Square also acquired Caviar to service the restaurant segment in 2014. Square reported annual revenue growth of 39% for 2016.

For a more in-depth look into GET you can view the in-depth report at USA News Group: http://usanewsgroup.com/2017/09/05/hedge-your-money-in-fintech-4/

Article Source: 

USA News Group

http://usanewsgroup.com

[email protected]

Legal Disclaimer/Disclosure: This piece is an advertorial and has been paid for. This document is not and should not be construed as an offer to sell or the solicitation of an offer to purchase or subscribe for any investment. No information in this Report should be construed as individualized investment advice. A licensed financial advisor should be consulted prior to making any investment decision. We make no guarantee, representation or warranty and accept no responsibility or liability as to its accuracy or completeness. Expressions of opinion are those of USA News Group only and are subject to change without notice. USA News Group assumes no warranty, liability or guarantee for the current relevance, correctness or completeness of any information provided within this Report and will not be held liable for the consequence of reliance upon any opinion or statement contained herein or any omission. Furthermore, we assume no liability for any direct or indirect loss or damage or, in particular, for lost profit, which you may incur as a result of the use and existence of the information, provided within this Report.

DISCLAIMER: USA News Group is Source of all content listed above. FN Media Group, LLC (FNM), is a third party publisher and news dissemination service provider, which disseminates electronic information through multiple online media channels. FNM is NOT affiliated in any manner with USA News Group or any company mentioned herein. The commentary, views and opinions expressed in this release by USA News Group are solely those of USA News Group and are not shared by and do not reflect in any manner the views or opinions of FNM. FNM is not liable for any investment decisions by its readers or subscribers. FNM and its affiliated companies are a news dissemination and financial marketing solutions provider and are NOT a registered broker/dealer/analyst/adviser, holds no investment licenses and may NOT sell, offer to sell or offer to buy any security. FNM was not compensated by any public company mentioned herein to disseminate this press release.

FNM HOLDS NO SHARES OF ANY COMPANY NAMED IN THIS RELEASE.

This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may", "future", "plan" or "planned", "will" or "should", "expected," "anticipates", "draft", "eventually" or "projected". You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company's annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and FNM undertakes no obligation to update such statements.

Contact Information:
Media Contact e-mail: [email protected]  
U.S. Phone: +1(954)345-0611

SOURCE USA News Group