NEW YORK, August 1, 2018 /PRNewswire/ --

According to data compiled by Cagemini and BNB Paribas, the Global Payment market is projected to increase at a CAGR of 10.9% with emerging economies projected to grow at 19.6% to 2020. Emerging economies such as China and India are forecasted to grow faster than matured ones, growing at a CAGR of 30.9%. The industry is being driven by the expanding payment solution ecosystem, which has introduced new technology such as APIs, instant payments, blockchain, data sharing and even wearable payment enabled tech. In addition, digital payment solutions are growing rapidly as banks are pressured to provide value-added client services. Glance Technologies Inc. (OTC: GLNNF), First Data Corporation (NYSE: FDC), USA Technologies, Inc. (NASDAQ: USAT), Global Payments Inc. (NYSE: GPN), Square, Inc. (NYSE: SQ)

The study indicated that global consumers are expected to make approximately 726 billion digital payment transactions by 2020,. New technology intices consumers to make payments digitally as opposed to carrying physical credit cards or cash. "Non-cash payments have increased in volume due to the rise in adoption of digital payment services across all market segments," Christophe Vergne, cards and payment practice leader at Capgemini, told CNBC via email. "Curiously, though the number of transactions continues to rise at a rapid rate, the average USD value per transaction has decreased slightly, as digital establishes itself as a growing rival to cash for low cost purchases."

Glance Technologies Inc. (OTCQB: GLNNF) is also listed on the Canadian Securities Exchange under the ticker (CSE: GET). Juat earlier today, the company announced breaking news that, "its second fiscal quarter of 2018 was the Company's strongest ever for launches and merchant partner signings.

The Company signed 148 new locations and launched 59 new locations in its fiscal Q2 2018, making it Glance's new best quarter to date for partner acquisitions and launches.

The Company has also been engaged in a period of rapid business development, having since inception secured commitments from a total of nearly 500 merchant locations across Canada and the U.S. to adopt the Glance Pay App as their mobile payments solution of choice. A cornerstone of the Company's many restaurant partnerships are several signed restaurant chains, which boast lucrative businesses and an expanding footprint of franchised locations, including MR MIKES SteakhouseCasual, Ricky's Group of Restaurants, Freshslice Pizza and the Steamworks Group of Companies.

During its first year of operations, Glance focused on developing and enriching the user experience of the Glance Pay App. Glance is now devoting significant resources to enhancing the Glance PayMe App - a downloadable merchant app requiring no extra hardware. These latest innovations are aimed at repeatedly bringing customers back to Glance-partnered establishments and, by demonstrating the power of the app to draw in new business, accelerating the growth of Glance's merchant network. Glance also plans to expand this technology into the online shopping and e-commerce space by using our anti-fraud technology to help the many online merchants suffering high rates of fraud.

To date, merchant onboarding has been driven primarily by direct sales. Now, however, Glance is building the Glance PayMe App to allow any business or freelancer to download the app to their own mobile devices and set-up their account themselves without a visit from Glance staff. As well as helping merchants of all kinds get up and running very quickly to accept payments and leverage built-in smart rewards for customer retention, the Glance PayMe App is expected to greatly reduce the cost of deployment and of customer acquisition. Glance's successful anti-fraud technology means our technology doesn't need to rely on custom hardware for swiping cards or using chip and PIN machines. As well, the Company expects this new product will change our sales dynamics, allowing Glance to take advantage of online marketing while paving the way for viral adoption of the Glance PayMe App.  

Glance has also recently announced that it is developing a rewards-based cryptocurrency built on blockchain technology, called Glance Coin. The Whitepaper outlining the company's plans for Glance Coin can be found online at glancecoin.io. This coming development will empower Glance-partnered merchants to reward, incentivize and provide deals to their customers with a rewards crypto-token through Glance's platform. Glance intends for the platform to enhance customer loyalty through the rewards token, which Glance users will be able to either spend promptly or accumulate for larger rewards within the broader Glance marketplace. This, combined with the merchant-empowering Glance PayMe App, is expected to become a powerful addition to Glance's mobile payments ecosystem."

First Data Corporation (NYSE: FDC) is a global leader in commerce-enabling technology, serving approximately six million business locations and 4,000 financial institutions in more than 100 countries around the world. On June 13, 2018, the Company and Mastercard announced they have joined forces, enabling First Data to provide a digital disbursement platform to Mastercard's business customers. First Data's Disburse-to-Debit® solution will be available to Mastercard customers that leverage MoneySend™ to push real-time payments to debit card holders. Debit disbursements are growing in popularity with participants in the gig economy, such as ride sharing platforms and rental marketplaces, where workers expect real time debit payouts for their services. Other beneficiaries of real time debit payments are businesses with high volumes of consumer payouts including insurance claims, rebates, refunds and commissions.

USA Technologies, Inc. (NASDAQ: USAT) is a premier payment technology service provider of integrated cashless and mobile transactions in the self-service retail market. Recently, the Company and ADVAM announced a partnership which has resulted in the development and launch of a fully automated, EMV certified, cashless payment gateway and vending management solution to the Australian unattended retail market. USAT and ADVAM anticipate expanding USAT's more than 969,000 connections worldwide, to offer a turn-key, end-to-end cashless payment and vending management solution in Australia. USAT and ADVAM have selected the IngenicoiUC285 card readers to not only equip Australian vending operators with an EMV solution to accept both chip and magstripe, but also enable the use of digital payments such as Apple Pay, Google Pay, and NFC contactless capabilities. Following the sale of the Smith's PepsiCo business to the independent bottlers who are members of the consortium, iVend Group (IVG), USAT has been delivering cashless payment and vending management solutions to several members of the group.

Global Payments Inc. (NYSE: GPN) is a leading worldwide provider of payment technology and software solutions delivering innovative services to its customers globally. On May 3, 2018, the Company announced results for the first quarter ended March 31, 2018. GAAP revenues were $795.0 million, compared to $919.8 million in the first quarter of 2017; diluted earnings per share were $0.57compared to $0.32 in the prior year; and operating margin was 19.6% compared to 11.4% in the first quarter of 2017. Jeff Sloan, Chief Executive Officer, said: "We delivered double digit organic growth across our markets in the first quarter of 2018, an acceleration that led to one of the strongest results we have yet achieved. Our integrated and vertical markets businesses and ecommerce and omnichannel offerings continue to gain share through technology enablement. Our financial and operating performance, technology and software assets and exposure to faster growth markets highlight the ongoing strengths and differentiation of our business model."

Square, Inc. (NYSE: SQ) creates tools that help sellers start, run, and grow their businesses. Square enables sellers to accept card payments and also provides reporting and analytics, next-day settlement, and chargeback protection. Square's point-of-sale software and other business services help sellers manage inventory, locations, and employees; access financing; engage customers; and grow sales. On June 04, 2018, the Company announced updates to its second quarter and full year 2018 guidance to reflect the impact of its acquisition of Weebly, Inc. and its recent issuance of $862.5 million in aggregate principal amount of 0.50% convertible senior notes due 2023. Square is raising its guidance for total net revenue and Adjusted Revenue to reflect the contribution from Weebly. Total net revenue reflects the impact of the deferred revenue adjustment related to the purchase accounting of the acquisition.

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