FinTech Companies Firing Up The Mobile Payments Market

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The FinTech industry in recent years not only attracted attention from traditional financial institutions and disrupted certain sectors, but also made a significant transformation in consumers’ minds. Our expectations went so far beyond of what was really available and all of it was because FinTech ‘spoiled’ the customer.

One wouldn’t imagine not having an option to make a mobile payment as there are tons of options to choose from (which makes it even harder). In fact, in 2016 total mobile payment transactions are expected to reach $27.05 billion, with users spending an average of $721.47 annually. Total mobile payment sales will rise faster than average spending per user in 2016 because of the growth in the number of overall users of the technology.

Almost every other month a tech giant introduces its mobile wallet or other integrated payment solutions for merchants across platforms and devices. To understand how dense the market is, here are some of the companies offering integrated solutions for payments, in particular, mobile payments. So if you are looking for a seamless experience (whether as a business or individual) with mobile-shopping, consider having one of those solutions installed.

The obvious one, Square, offers POS solutions to take care of digital receipts, inventory, and sales reports, as well as provide analytics and feedback.

Dwolla

Dwolla is a free web-based software platform allowing users to send, receive, and request funds from another user.

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iZettle

iZettle a leading mobile payments company, offers small businesses portable point of sale solutions and free sales overview tools.

LoopPay

LoopPay is an m-commerce platform provider that enables retail consumers to pay with their mobile phones. Samsung acquired LoopPay in 2015.

Stripe

Stripe is a technology company that allows both private individuals and businesses to accept payments over the Internet.

Revel Systems

Revel Systems provides an iPad POS solution for restaurant and retail establishments.

Softcard

Softcard is a mobile payments platform that enables users to make payments, redeem offers, and store loyalty, membership, and reward cards.

Boku

Boku is a global mobile payments network providing mobile-enhanced payments in ecommerce and at physical POS. Austrian DaoPay acquired Boku’s ‘pay by call’ business in 2015.

Fortumo

Fortumo is a mobile payments company enabling carrier billing in 90+ countries through 350+ mobile operators to over 130,000 merchants.

Passport

Passport is focusing on integrated urban mobility solutions offering mobile payments.

Payfirma

Payfirma offers businesses a multi-channel payment platform for mobile, ecommerce and in-store payments.

SumUp

SumUp is one of the leading mPOS providers in Europe set to empower the world to accept card payments.

PowaWeb

PowaWeb is a flexible SaaS cloud-based commerce platform. PowaPOS is a hardware and software platform that customizes the payment experience in store and on the move.

orderbird AG

orderbird AG is a provider of iPad POS systems that facilitate reporting functions in the hospitality industry.

Carta Worldwide

Carta Worldwide is an international digital transaction technology company specializing in mobile and emerging payments.

Mozido

Mozido is a global provider of trusted and inclusive digital commerce and payment solutions for both unbanked and developed markets.

Continue exploring more companies here.

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