Fintech: more consumers use innovative payment solutions

The fintech industry has been introducing innovative payment services so that consumers can process settlements more efficiently. Clients and retailers alike are more accepting of the changes brought about in the financial sector. For instance, they are willing to settle transactions via cashless facilities. According to a recent study, 42% of traditional firms are increasingly partnering with tech companies to work on innovative solutions. These developments are appropriate for the trends of modern society. This is because various financial transactions are being processed by smartphones.

Consumers are more accepting of mobile payments