The prospect of a global cashless economy is not too distant a reality. Global digital payments are predicted to increase on average by 10.9% reaching close to 726 billion transactions by 2020, according to the World Payments Report 2017. The world’s top cashless economy is currently Canada, with Sweden coming in at second and the UK at third (Forex Bonuses). Chinese cities are already emerging as early examples of cashless economies, with digital payments on mobile apps such as WeChat and Alipay taking precedent for mobile payment transactions. And Sub-Saharan Africa is a huge market for mobile payments — the GSMA reports that more than 40% of the adult population is using mobile money on an active basis in seven Sub-Saharan African countries.
What does the digital edge have to do with payments? The answer lies in the fact that the world has gone digital, which is changing almost every aspect of how payments are processed. The digital edge is enabling payment providers to connect to their customers where they are, to deliver services that are fast and secure.
Capital market companies have been one of the more cautious adopters of the cloud. However, increased pressure to reduce costs, improve margins and realize greater efficiencies are forcing today’s institutional investing firms to move their critical applications and data into the cloud.
A future with digital wallets must be a highly interconnected future. Tasks as basic as buying a coffee require a community of service providers working together instantly and seamlessly. Direct and secure interconnection between the multiple parties involved is essential for high-performance transactions, customer satisfaction and digital wallet growth.
To survive, electronic trading firms must adapt. And there is a way for companies to architect their IT to find the agility needed to continue to deliver low latency, maximize collaboration, gain new data insight – all while staying ahead of evolving regulatory requirements.
An interconnection-first, hybrid cloud strategy offers digital payments companies greater performance, scalability, security and reliability, while enabling them to deploy their own infrastructure or leverage AWS Direct Connect on Platform Equinix™.
The Equinix-based financial services ecosystem in New York is one of the most important financial services ecosystems in the world, bringing together the biggest players in the global markets for ever-faster transactions and connectivit
As we wind down from the holiday shopping season, let’s step back for a moment to consider how cloud computing and electronic payment systems have become an integral part of shopping
This rapid growth in interconnected commerce creates big incentives for companies to innovate, maximize technology or try out new business models. Here’s some of what we see coming in digital commerce in 2017.
Researchers at the University of Surrey took an in-depth look at the transformative power of MI, a process of sophisticated algorithms that can undertake non-routine, cognitive tasks to supplement or ultimately replace human intelligence.