By 2020, the global payment industry is expected to surpass $2.2 trillion in revenue. In-store mobile payments are predicted to reach $503 billion by 2020, reflecting an annual compound growth rate of 80% in five years.
The industry is growing exponentially, but we have yet to see a single, integrated payment solution for all of consumers’ financial needs, in spite of increasing consumer demand for ease-of-use, low costs and easy access.
…but we have yet to see a single, integrated payment solution for all of consumers’ financial needs
The Problem
Financial Services — banking, insurance, investments — are at the heart of our everyday lives. Despite some innovation, there are still several problems in the industry that still do not help consumers easily access financial services.
For example:
Still difficult to invest
Investing has still not become an easy task — it remains highly time consuming and tedious from a consumer’s perspective.
High bank fees
To top it all off, banks still impose high charges for basic services such as international transfers and foreign exchange, with foreign exchanges usually charging as much as 3% per transaction.
Fintech companies are individually targeting some of the aforementioned problems, with the rise of NFC mobile payment systems such as ApplePay, crypto payment cards, low cost international transfers and robo-advisors, but there is no single, integrated solution. These solutions remain disparate, requiring consumers to set up and manage multiple accounts and cards. Not only does this leave the user with a heavy administrative burden, but it also deprives them of the ability and convenience of accessing all of their financial information in one place.
Zeux: The Solution
Zeux is your all-in-one money manager, a next-generation solution providing a single-entry point to all of your financial product accounts. The platform will be fast, convenient, secure and reliable.
So how exactly does this all-in-one solution work? The mobile app will serve as an aggregated platform, enabling you to see and manage all of your financial accounts in one place. By linking to all of your bank accounts, you will be able to take advantage of typical digital banking services, such as payment transfers and foreign exchange. The Zeux platform will also empower users to make the most of their money and, most importantly, be able to spend this money in your day-to-day life.
We believe the future financial world calls for a unified mobile payment and investment service. We created Zeux to lay the very critical foundation for this future and to, ultimately, provide consumers with what they deserve and need.
