How To Do Affiliate Marketing For Newbies

First and foremost, you truly must understand that their is No, “Get Rich Quick” on the internet, you will definitely have to put in a lot of hard work and effort, and expect a lot of late nights training and learning all the skills necessary to achieve success online.

I wanted to get that out right away because so many people think they can just come on the internet and start making a lot of money right away, but its not going to happen, trust me, I have found out the hard way when I first got started. There are thousands of scammers out their just looking for people looking to make quick money. “Been their, Done that” Do it the right way, get the training you need, I promise, you will be glad you did in the long run.

With the aid of the Internet, you can almost have everything right at your fingertips. With just a few clicks you get access to thousands and even millions of pieces of information and data on virtually any field of interest. As years pass by, the Internet continuous to effect radical changes in many facets of human endeavors, including commerce.

Experts say that the information space, commonly known as the “world wide web,” grows by over a million pages everyday as more and more people utilize the Internet for information, education, entertainment, business and other personal reasons. It doesn’t take a business-oriented individual to realize that this phenomenon can bring about sky-high financial gains. The Internet’s fast-growing popularity in the recent years is surely an opportunity for business that any entrepreneur would not want to miss.

You might be thinking only businessmen can make big money out of the Internet, Think again. You too can earn big bucks through the Internet even if you don’t have products to sell and high-profile and established company. How? That is through affiliate marketing. You might have come across these words over the net while surfing.

Affiliate marketing is a revenue sharing between a merchant and an affiliate who gets paid for referring or promoting the merchants’ products and services. It is one of the burgeoning industries nowadays because it is proven to be cost-efficient and quantifiable means of attaining great profit both for the merchant and the affiliate and other players in the affiliate program, such as the affiliate network or affiliate solution provider.

Affiliate marketing works effectively for the merchant and the affiliate. To the first, he gains opportunities to advertise his products to a larger market, which increases his chances to earn. The more affiliate websites or hard-working affiliates he gets, the more sales he can expect. By getting affiliates to market his products and services, he is saving himself time, effort and money in looking for possible markets and customers. When a client clicks on the link in the affiliate website, purchases the product, recommends it to others who look for the same item or buys it again, the merchant multiplies his chances of earning.

On the other hand, the affiliate marketer benefits from each customer who clicks on the link in his website and who actually purchases the product or avails of the service provided by the merchant. In most cases, the affiliate gets commission per sale, which can be fixed percentage or fixed amount.

If you want to be an affiliate marketer and make fortunes out of the Internet, you may follow the following three most basic and easiest ways to start an effective affiliate marketing program. First is to identify a particular thing you are interested in or passionate about so you won’t be bored and forced to develop your affiliate website later on.

Focusing on a specific area you know very well will help you bring out your best without many risks and effort. You can add a personal touch to your site and give your visitors who are possible buyers an impression that you are an expert in your field. In this way, you gain their trust and eventually encourage them to buy the products you endorse.

Next is to look for good paying merchants and products or services related to your interest and create now a website. In choosing the products, you must also consider its conversion rate

How To Find Affiliate Products-

There are so many products online that you can promote and sell, literally thousands. I will list a few good places online to get you started in affiliate marketing.

Click Bank
JVZoo
CJ Affiliates
These are just the first 3 that I thought of, and probably the most popular ones. Just about every big business out their has an affiliate partner program that you can join for free, and most of them will supply the affiliate with some basic tools to promote their products, such as banner ads, email swipes, personalized affiliate links and more.
The payment can be fantastic! You get paid for every click that your ad gets. This is known as Pay Per Click (PPC). However, their are some affiliate networking sites, that pay only when a sale is done. In that case, it becomes a Pay Per Sale (PPS) affiliate service.

There are a lot of other different ways that you can promote the products you choose, including a lot of free methods. I’m not going to go to in depth on this, just because their are so many different ways to promote, I’ll save that one for another time.

OK so hopefully I gave you some clarity on what affiliate marketing is and how you can get started today, without spending any money. If you are serious about getting into affiliate marketing, I highly recommend you check out Wealthy Affiliate.

Wealthy Affiliate is an awesome affiliate marketing training platform that has so much to offer, I have been with them for about 5 years now, and I will tell you, I have learned so much, they are always updating and adding new training lessons. They even have the training to guide you step by step to build your very own online business! I will leave a link below for access.

So now its time for you to get out their and find what products best interest you, that you would really enjoy promoting and start making an online income!

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Grow a Business That Involves Woodworking

Growing a profitable business from home is possible even in these uncertain economic times. If your passion is woodworking or even if you have little or no experience in this area, it is possible to be successful in starting a business that centers on woodworking.Areas of such a business could also include designing and building sheds or boats. All you need are proven business plans. You will also need plans that will give you step-by step instructions with regards to building various woodworking projects.

There are a number of business plans available on the internet that help get your woodworking business started and become profitable in a timely and cost-effective manner. These plans should explain the necessary tools and materials you will need to complete your various woodworking projects.

Sourcing the materials you will need to complete your wood working projects is very important when it comes to the bottom line. You will also need to exactly what to purchase so that there is no waste. You do not want any left-over materials that will not be used in future projects.

You will need to know what types of woodworking projects to build such as furniture that will most profitable. Maximizing your profits by producing a good quality product that is easy to sell will help your woodworking succeed in the short and long-term.

Many of profitable woodworking projects can be built with basic woodworking tools. You do not always need expensive power tools or a large garage.These easy to build crafts can be built-in assembly line fashion. This will reduce your overhead and help your woodworking business become profitable in a timely and cost-effective manner. A proven woodworking plan will help you achieve this.

The woodworking crafts you decide to build could be easily constructed in the shed in your backyard. This would free up you garage for other uses such storage or keeping the materials needed for your woodworking projects.

If you don’t have a shed on your property it is possible to build one with little or no woodworking experience. There are many resources on the internet that will provide you with step-by-step instructions on how to complete such a project. The cost for the plans are sometimes free or can be acquired at minimal cost. After completing your shed you might to make the design and construction such structures as part of your woodworking business.

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Why You Need SEO Services for Online Business

As a matter of fact Search Engine Optimization plays a very important role for our online business. SEO works very well for various kinds of online business and due to which it makes us wonder that why it is so influential. There are not one or two but many reasons to hire SEOs for your online business. Here we will discuss some of the most important reasons for the need of SEO for your online business.

It is An Investment And No a Cost

Undoubtedly, SEO is an investment with high returns. It can effectively improve your ranking on Google and can eventually help you to get fabulous return on your investment. Due to this reason search engine optimization has been the preferred choice for investment in real estate. If you happen to get SEO right you can expect huge returns.

It is an Important Part of Your Marketing

SEO is very important as far as marketing of any business is concerned. As far as pulling its prospects is concerned SEO is the masters and can help a great deal in increasing the conversions. The truth is that SEO alone cannot help you to reach your highest marketing potential and you have to complement with branding, social media and various other strategies of marketing.

You should be able to integrate different search engine optimization techniques into your marketing mix in order to get high rewards.

It Has Its Impact on the Buying Cycle

The best thing about SEO is that it will increase your sales without increasing the cost of your marketing. This would result in increasing your profit by many times in due course of time. As compared to other forms of online marketing tools SEO can help you to reach your business goals with better ROI.

Optimization of search engine is very crucial as far as research and buying cycle are concerned. SEO acts like a magnet that attracts potential buyers to your website with the help of important keywords and phrases which have got higher rankings in the search engines.

There are many SEOs providing efficient services to small businesses, regional/international business and e-commerce business.

SEO is just next to the heart of your business. If you are looking for a high-quality SEOs for your business it demands much more than search-friendly CMS and skills of coding. If you are looking for a professional SEO then you should consider it as a serious business. In order to handle your SEO you require a specialist who can handle everything related to optimization of your business website.

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What Is SEO, And How Does It Work?

It is surprising how many business owners have websites built but they don’t take make the effort to learn about how websites work and how competitive the search engine environment is. If you build a website, you have to make it has to be optimised for search engines.

What is SEO?

SEO is the abbreviation for Search Engine Optimisation.

It is to optimise your website with relevant keywords so that your website can found on those particular search terms or keywords. In other words, when someone types in a phrase in the search engine, your website should appear amongst the list of search results.

Take a moment to think about your website. What do people type into a search engine to find your products or services?

Now think about whether you have that particular phrase or word on your website. If that keyword is not on your website, it will simply not appear in the search results.

The first step would be to determine which keywords people search for to find your type of business. Then you need to add it to your website, about 3 to 4 times. It also needs to appear in the meta description and meta tags.

In addition, you need to compose the content for each page so that it adheres to all the search engine optimisation rules. These include the keyword being in the heading and the first paragraph. You need to do this for each web page. There are certain online tools that you can use that will help you to determine whether your website is optimised. Alternatively you could have an SEO expert do this for you.

As part of SEO, you also need to build links to your website on a regular basis. It is a clever way to advertise your business indirectly, too. There are many ways to do this which includes listing it on business directories or article sites. Avoid automated computerised link building where you can buy bulk links. If search engines notice that you are using computerised means to do SEO, they can shut down your website.

Search engine optimisation is often over looked because you think about the design first, but the body of content is more important. If you don’t have the relevant keywords on your website you won’t be found.

Take the time to analyse your website from an SEO point of view so that you gain the full benefits of owning a website.

Web2Go is a Gauteng based website development company, with over fifteen years’ experience in the digital industry. Founded in 2002, Web2Go focused on providing clients with an all-round digital solution.

Our team brings forth a wealth of knowledge in website design, website development, social media management, search engine optimisation and Google advertising.

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SEO Tricks to Know Before You Post Content

If you are involved with social media for your business, you probably have some knowledge about search engine optimization (SEO). As a business person (whether a business owner or a business person), you understand the importance of a content marketing strategy in order to succeed. There are certain tricks that will help you with SEO.

The critical nature of SEO
Your ability to optimize your content in the most effective way possible can truly be critical to your business’ success. If you are not sure why it is so important for your business that you optimize your content, just remember that if your content is not optimized for the search engines, your rankings on the search engines’ pages will be low and people who are searching for what you do will not be able to find you. The truth is that people are inclined to choose whatever is at the top of the page and very few have the patience to drill down the list (or, certainly not to subsequent pages).

There are some SEO tricks that may help your business tremendously. In any case, they are certainly worth trying.

Present your content in short segments and make it easily searched and shared: As you are writing your content, it is very important that you do so with the search engines in mind. What you should have in your mind at all times is that you can break your content down into short segments (that can stand alone or be a part of a greater whole at the same time). Of course, your content should be search-friendly, easily digested, and easily shared at the same time. It is critical that you write content that satisfies the needs of your target audience members. It must be more about them than it is about you. You should have the concept of WIIFM? (What’s In It For Me?) in mind whenever you write content. What that means is that you must be able to solve the other person’s problems before you consider your needs. Of course, in due course, your needs will be met as well.

Focus your content in two different directions: Undoubtedly, your first responsibility is to write with your target audience members in mind. As you probably aware, you must connect with those people on an emotional/human level. If you are not able to do that, you will not be able to establish and grow a relationship with the other person in any real way. Now that we have established why the first direction is so important, it is time to consider the second direction. That is to focus your writing on the spiders. Just in case you are not sure what the term, “spider” means, spiders are the robots that search the web to look for clues about which pages of content are worthy of ranking high (higher than other pages). That second focus is just as important as the first focus because, without the spiders, your content will not get noticed. Of course, your ultimate goal is for humans to notice what you are sharing and build a relationship with you based on what they are reading. However, they won’t have access to the content if the spiders don’t deem it worth ranking at the top of the search engines’ pages. It is a simple concept. The concept of how the spiders work is that they pay attention to how frequently you post, how interesting your content happens to be, the strength of your headlines, how solid the structure of your content is, the quality of your links, and how engaged your audience is with you. Spiders are built to compare your content to the other content that is on the web (on a similar topic, of course). Because spiders are not human, they do have some limitations when it comes to being able to judge certain things, however.

Try out an auditing tool (but do the research to determine how much you can do with it and how much you can’t): The way that an SEO auditing tool works is that you enter one of your keywords or key phrases into the tool and then that keyword or key phrase will receive a grade (poor or good). That should be enough of a guide for you to tweak what needs to be tweaked before you go any further with your content. You can find a list of auditing tools by doing a search. You should take a good look at each one so that you can determine which tool will work most effectively for your particular business.
Conclusion
You have the potential to really make a difference for your business by implementing the tips that you have here. They may very well help you to drive more traffic to your website, which is one of your constant goals. Certainly, you have nothing to lose and, probably, a great deal to gain. Of course, none of those tips will be effective if you are not producing top-quality content, which you are undoubtedly doing.

Michael Cohn is the founder and Chief Technology Officer (CTO) of CompuKol Communications. He has over 25 years of experience in IT and web technologies. Mr. Cohn spent a significant amount of time at a major telecommunications company, where his main focus was on initiating and leading synergy efforts across all business units by dramatically improving efficiency, online collaboration, and the company’s Intranet capabilities, which accelerated gains in business productivity. He also reduced company travel and travel costs by introducing and implementing various collaboration technologies.

His expertise includes business analysis; project management; management of global cross-matrix teams; systems engineering and analysis, architecture, prototyping and integration; technology evaluation and assessment; systems development; performance evaluation; and management of off-shore development.

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Benefits of Credit Card Machines for Business

Other than credit card machines, technology has produced many notable effects, including the credit card machine. In the 21st century, people open themselves up to technology from the very center of their being. It has the added benefit of leading to an increase in the use of credit and debit cards. Additionally, the coronavirus’ arrival has also contributed to the increased use of contactless transactions. EMV cards are replacing magistrate premium cards. EMV chip cards give you the ability to make contactless payments. The merchants must have advanced payment terminals to accept such payments.

Credit and debit cards are used almost exclusively in today’s business world. To take your business to the next level, you must associate it with a credit card machine. The processing and payment services you need for online sales include a merchant processor that provides you with an online payment gateway. There will always be online modes that people will prefer to use, regardless of the volume of transactions. As a result, you have to use an advanced piece of equipment, such as a credit card machine, in tandem with your business.

Advantages:

Just because we’re living in the 21st century, it’s impossible to conceive of life without modern technology. A large number of businessmen prefer to stick to established business models. However, sometimes you have to alter your plans according to the current situation. This means that you need to be one step ahead of everyone else in the business. You will lose customers otherwise. An establishment that gets access to a credit card machine will enjoy countless benefits. Listed the benefits; so, don’t miss the following:

Obtain Legal Recognition for Your Company:

Accepting card payments using digital payment terminals is a legitimate business practice, so it should help your company a lot. The card brand name will be printed on the POS, and thus the customers will have no problem noticing it. This logo will be featured on the same online marketplace as well. The greater the number of customers from outside the country, the more money you’ll make.

Increase Your Profitability:

To accept various forms of payment, like credit cards, Google Pay, Apple Pay, and more, use a credit card machine at your business. Creating a positive impression on your customers is quite simple, but it also keeps your customers loyal. A credit card machine, thus granting flexibility in the ecosystem of online payment, provides customers with many payment options, thus allowing them to pay bills in various ways.

How to stay ahead of the competition:

Many businessmen have not yet fully embraced digital equipment, making small-business models in the early stages of transition. To accept online payments, your business equipment must be upgraded. If customers are no longer carrying cash, you can outpace your competitors. Research has shown that when customers use their cards to make a purchase, they spend more. Additionally, because you will make a substantial profit from accepting card payments, it’s highly recommended that you do so.

Cash Flow Improving Measures:

The customers’ card payments get settled quickly when they pay with a card. Everything is done electronically, so you don’t have to go to the bank to deposit the money. Additionally, you don’t have to wait for customers to pay you. Your cash flow will thus improve.

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Are You Choosing the Right Stock Market Advisory Company

What do you do if you want to learn driving a car? You will try to find an expert teacher, isn’t it? You do not want to avail the services of a novice individual to help you out, but a professional person can provide you the vital tips and most importantly guide you efficiently. Similarly, when it comes to investing in the stock market for the first time, you require a knowledgeable advice to attain your financial goals and get profitable returns.

If you are a beginner, then it is quite obvious that you may be having no information about the process of buying the right shares in the market. In such a situation, getting the right tips from an experienced financial advisor or a registered advisory company will truly prove to be a great blessing in disguise. However, there are some of the important things that have to be kept in mind while choosing the top stock market advisory company, which are as follows:

How much assistance do you actually require?

Before you make up your mind to hire an advisor, it is imperative that you must first decide about the kind of service you require from them. You may need their help at the beginning or during the time of any issues. This is because an advisor has to formulate a map according to your requirements. Hence, it is suggested to ascertain your needs first and then take further action.

Choose a top ranked advisory company

It is a very important point that has to be taken into the consideration. Availing services of the well known advisory company or a financial advisor is an absolute necessity. Make it a point to carry out a proper background or research work about the company. Check out their credentials, reputation, experience, etc before hiring them.

Asking for a sample financial plan initially makes sense

When hiring a financial advisor, then do not forget to ask for sample plan first. It is imperative to note that there is no such thing called the perfect plan. A sample plan will help you to determine whether an advisory company is actually making sense according your requirements or not.

Conclusion

The financial planners or advisory companies can really turn out to be the greatest asset for you if you choose the best one. They are just like the professional sailors who can help you out to sail through stock investment related problems quite efficiently.

Deepak is a financial advisor who likes to provide quality tips to the people facing any issues with regard to investing in the stock market. He likes to keep himself updated about the stock market by reading articles, news and blogs, etc.

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5 Areas Where Interest Rates Matter!

Although, we hear, a lot of opinions, about, interest rates, and their trends, and impacts, very few people seem to understand, the significance, and importance/ relevance, of these rates, in several areas of our lives! After, many decades of involvement, in political campaigns, leadership, leadership training/ planning, real estate, financial sales and consulting, etc, I strongly believed, one benefits, by understanding, more about these, and how they affect, many things, in our lives! Whether, related to personal, organizational, and/ or, public finance/ spending, home ownership and related costs, credit – related issues, business matters, stock and bond pricing, etc, interest rates, truly, significantly, matter! With, that in mind, this article will attempt to, briefly, consider, examine, review, and discuss, 5 of these areas, and how the cost – of – money, makes a significant difference.

1. Bond prices and interest rates: The price of a bond, generally, is inversely – related to interest rates! When these rates go down, prices, rise, and when they go up, the inverse occurs! Bonds have, what is known, as, a par – value, which is the price, paid, at the end of the term. Markets usually set these at 100, which represents $1,000 per bond, at maturity. However, during the period, the pricing can rise or fall, which impacts, liquidity – related issues!

2. Mortgage rates: For the last few years, we have been witnessing and experiencing, record – low, mortgage interest rates, which have helped the overall, real estate/ housing market, especially, in terms of, pricing increases! In most areas of this country, we are seeing, home prices, at their highest levels, ever, by a significant, dramatic amount! When this rate, is low, a home buyer is able to buy, more – house – for – his – bucks, because, his monthly payments, are so low! Consider, however, what might be the potential ramifications, and impacts, when these rates, will, inevitably, rise?

3. Consumer credit: Low costs of borrowing, help the automobile industry, in terms of consumer financing, etc! Although, not as much as other vehicles, rates on credit card debt, are lower, and there are often, shorter – term, promotions, offering deals! However, since, most of these are variable, and based, on some index, etc, what happens, when there is an increase, in this?

4. Business borrowing: Another area affected, is business cost of borrowing! Presently, they have had access, to relatively, cheap – money, which helps in reducing the costs of borrowing, overall operations, purchasing inventory, etc. But, what happens, when this, ticks – up?

5. Impacts on stock market prices: For some time, because bonds have paid so little, in terms of dividends, etc, many have considered, the stock market, the only game, in – town! In addition, many corporations, have seemed, better – off, than they probably are, and we have witnessed, a higher, ratio of prices to profits, than in the past! How long will this last? How high can it go?

Many factors impact these issues, especially: actual and/ or, perceived inflation; consumer confidence; politics/ government actions/ the Federal Reserve, etc. The more you know, and understand, hopefully, the better – prepared, you will be!

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Setrega – A Global Analytical Regulatory Platform

Setrega is the Global Regulatory Analytical Platform which provides a comprehensive solution to the financial institutions for complying with one or more Regulatory Authorities. Through highly customizable and end-to-end automation, Setrega helps clients to configure Reporting Data, Reporting API, Connecting/Integrating Settings, Report Generation Requirements, Report Validation Requirements, Report Submission Mode and Feedback Management. As a Global Regulatory Analytical Platform, Setrega is designed to integrate with any financial services firms to receive regulatory data and process them to regulatory reports in specific formats with minimum customization effort.

Currently, all financial institutions are facing problems with dynamic changes in regulatory requirements, implementation risks associated with regulatory reporting and managing regulatory report error handling. All financial institutions are forced to adapt to these challenges and continuously seek for solutions which are cost-effective and accurate, with real-time feedback management. Sensiple’s Setrega fits into this emerging environment by supporting multiple Regulatory Authorities with an end-to-end automated solution.

Regulation Complied Preconfigured – ESMA – MIFIR/MiFID II, Monetary Authority of Singapore (MAS), Superintendencia Financiera de Colombia (SFC) etc.,
Significant benefits of the Global Regulatory Analytical Platform are,

Automation Capability

Financial Institutions gets the advantage of preparing and submitting regulatory reports without manual effort.

Comply with new Regulations without risk

Setrega provides flexible data source configuration, API mapping and reporting format changes with minimum customization in product level which ensures relief from regulatory and compliance risks for the financial institutions working in various regions.

Scalability

Depending on the Institutions type like Buy Side/ Sell Side/venues, Setrega is scalable in terms of increasing number of connections, the humongous volume of data, more number of reports and formats, increased number of submission modes and regulatory authorities.

Transparency

Handling a large volume of data gives challenges in managing data to auditing; Setrega makes it more accessible by allowing the clients to have full control over data by powerful data transparency method.

Dashboard

Setrega act as a one-stop shop for all regulatory reporting for financial institutions. A vastly informative dashboard in Setrega provides all historical, current and scheduled regulatory reports and its internal & external statuses in graphical and tabular representations.

Regional Coverage

Financial firms who run their business across the globe get benefited from Setrega as one solution solves all the regulatory and compliance needs. It is successfully verified with major regulatory frameworks like MiFID II and NFA (National Futures Association) and regulatory authorities like SEC and SFC.

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The Rise of Online Payment Gateways

The cashless payment system is growing exponentially with evolving payment methods, rising e-commerce use, enhanced broadband connectivity, and emergence of new technologies. Can increasing incidences of cyberattacks and spams hamper the growth of online payment market or will it continue to grow at a rapid rate?

The global digital payment industry is expected to hit the USD6.6 trillion mark in 2021, registering around a 40% jump in two years. The cashless payment methods are rapidly evolving with ground-breaking innovations such as mobile wallets, peer-to-peer (P2P) mobile payments, real-time payments, and cryptocurrencies. In the growing digital age, many payment technology companies are collaborating with traditional financial institutions to cater to the latest consumer and merchant preferences. Due to enhanced broadband connectivity, increasing mobile commerce, emergence of new technologies such as Virtual Reality, Artificial Intelligence, and rapid digitization, billions of people have started embracing contactless payments in both developed and emerging countries. Besides, surging e-commerce businesses, digital remittances, digital business payments, and mobile B2B payments are boosting the non-cash transaction ecosystem.

Cashless transaction method users across various generations are widely adopting the digital peer-to-peer (P2P) apps as they are more appealing and flexible to use. In-app payments or tap-and-go transactions take seconds at the checkout and allow users to make payments anytime and anywhere. Tokenization, encryption, Secure Sockets Layer (SSL), etc., offer multiple ways of securing payments while enabling digital transactions. Moreover, the users do not have to fill in information every time to complete the payment process. Thus, online payment gateways play a crucial role in the economic growth, enabling trade in the modern economy. With social distancing rules in place, digital payments have become an obligation for contactless transactions rather than just a transaction alternative to prevent the spread of coronavirus.

Digital Commerce Empowering Businesses
Electronic payment systems have become a crucial part of businesses as consumer inclination towards online shopping is expanding. With broadening internet penetration, increasing use of smartphones, and diverse options for e-transactions, most consumers are preferring online channels over traditional brick-and-mortar stores for shopping. Therefore, businesses are shifting online with an electronic payment solution to maximize their profit earnings. Automating the electronic payment system eliminates the scope of errors and saves a considerable amount of time and effort. High standards for detecting and preventing fraud in digital transaction systems and AI-based fraud detections protect users from security breaches. By providing the flexibility for making payments through credit/debit cards, mobile money, e-Wallet, etc., the businesses can expand their customer base. The electronic payment process improves customer satisfaction as customers do not need to count cash or deal with paperwork whenever they want to make the transaction.

Biometric Authentication Enhancing Security
Biometric authentication involves recognizing biometric features and structural characteristics to verify the identification of an individual. The verification method can involve fingerprint scanning, facial recognition, voice recognition, vein mapping, iris detection, and heartbeat analysis. With the rise in identity theft and fraud, biometric authentication has become a reliable and secure alternative for making digital transactions. According to a recent research, biometrically verified mobile commerce transactions are expected to constitute a massive 57% of the total biometric transaction by 2023. Biometric payment cards are also becoming popular as they support tap-and-go payments, allowing users to make faster digital transactions. The digital payment technology provider, Worldline is partnering up with the French FinTech, A3BC (Anything Anywhere Anytime Biometric Connection), to protect mobile phones from intrusion with a two-factor authentication process. The combined solution eliminates identification through a single touch, rather it recognizes fingerprints through a picture of the hand. MasterCard is planning to bring FinGo’s vein-scanning payment solution that facilitates users to authenticate transactions.

Dominance of Mobile Wallets
In 2019, mobile wallets overtook credit cards to become the highly adopted payment type globally. Digital wallets offer flexibility to users to store multiple payment methods in one digital home and turn cash into electronic money required for online or in-store purchases. Financial institutions have already started to embrace the digital wallet trend by offering virtual cards to business customers. The virtual cards stored in digital wallets consist of details like 16-digit card number, CVV code, date of expiry and work just like the physical plastic card. Currently, only 37% of merchants support mobile payments at the point of sale, but with the rising adoption, merchants are willing to invest in technologies facilitating digital wallets. The virtual wallets can save money due to low processing costs as they limit transaction values and frequency. Artificial Intelligence (AI) is improving the user experience with regards to transactions with ChatBots, designed to execute and robotize essential exchanges as per the user’s interest. Besides, cryptographic money-based e-wallets are being embraced by new companies to small-medium organizations for storing digital money. Smart voice technology is contributing to the growth of smart voice wallets ever since Amazon propelled the principle of this platform, which is now being followed by Google and Apple.

E-Commerce Boom Accelerating Digital Payment Market Growth
E-commerce growth at an exponential rate is creating shock waves, and the sonic boom is reverberating across the FinTech sector. The growth of many e-commerce companies is driven by the kind of financial services they provide. Digital transactions make it convenient for the buyer and seller to make transactions and remain loyal to the market space. The COVID-19 pandemic added a different dimension to e-commerce innovation, introducing newer trends such as payment alternatives at checkouts (not with digital wallets), virtual cards, QR codes, and other touchless transactions. Besides, the Buy Now Pay Later (BNPL) trend is dominating the e-commerce industry as it relieves the financial burden on the buyer. BNPL involves a soft credit check, so the consumers can buy what they need, keep the inventory moving, and pay overtime without affecting their credit score. BNPL provides businesses with much-needed liquidity and greater flexibility at the checkout.

Influence of COVID-19 Pandemic on Digital Payment Market Growth
Digital payment systems have moved beyond their peer-to-peer (P2P) transfers and bill payments. The COVID-19 pandemic allowed digital payment systems to showcase their strengths, such as a strong understanding of hyper-local markets and its ability to establish strong local partnerships. Businesses and consumers increasingly “went digital” for providing and purchasing goods and services online. When the pandemic hit, people did not want to touch or exchange cash due to the paranoia of catching the infection from physical currencies. Several governments around the world introduced digital financial transfers to provide COVID-assistance. Owing to lockdown measures, consumers shifted to online platforms, which catapulted the demand for digital payment systems. Now, digital platforms have become an essential component of people’s lives, and consumers are more likely to continue shopping online in the post-pandemic period. The dramatic shift in consumer behavior is likely to augment the demand for e-payment systems even more. Therefore, companies are focusing their attention on digital mediums to meet the new customer demands and thrive businesses in the changing market scenario. Organizations are reimagining customer journeys to reduce friction and provide new security features. Payment companies such as PayPal and Square Cash are staffing up across the board to better understand the rearrangement of societal norms and stabilize the business in the near future.

e-Payment Systems are the Future
With increasing smartphone and internet penetration, consumers are becoming tech-savvy, which presents endless opportunities for the digital payment markets. Post-pandemic, digital payment systems are anticipated to continue to flourish over the years to come. While cards remain the first choice for payments around the world, mobile wallets are quickly gaining traction. The traditional cash flow is declining in bank branches and ATMs, demonstrating a power move towards a cashless society. Currently, China dominates the global mobile wallet consumption, followed by South Korea. However, there are still many countries that are highly dependent on cash due to lack of trust towards financial institutions and lack of proper broadband infrastructure, etc. In the near future, social media-initiated payments, biometric payments, voice-activated payments are likely to become mainstream in developing countries as well.

Cybersecurity and Privacy Concerns with Online Payment Solutions
Cybersecurity and privacy threats have become a troubling concern with the increasing incidences of online fraud. According to the Mastercard survey, one out of four consumers experienced some kind of fraud in 2020, ramping up the cybercrime rate by 49%. In the first half of 2020, online scams increased by 73.8% from 2019. However, adopting new-age technologies such as multifactor authentication, biometrics, 3D security, Artificial Intelligence, and Machine Learning can help control fraudulent activities such as phishing, virus attacks, etc. Shifting to contactless cards, QR codes, and tokenization can also help mitigate risks associated with digital payment solutions. Besides, sensitizing end-users about the secure application of e-payment solutions through amplifying efforts towards building financial literacy can help to prevent frauds. The emergence of mobile commerce and the evolution of e-payment platforms backed by robust security solutions can help to drive the goal of making the economy truly cash-less.

According to TechSci research report on “Global Payment Gateway Market By Type (Hosted, Self-hosted & Bank Integrated), By Enterprise Size (SME and Large Enterprise), By End-User (Retail, Travel & Hospitality, Healthcare, Education, Government, Utilities & Others), By Region, Competition, Forecast & Opportunities, 2026″, the global payment gateway market is expected to cross USD15 billion mark in 2019, registering a CAGR of 22% by 2026. The growth can be attributed to the increasing demand for online transactions, rising broadband connectivity, and exponential growth of e-commerce across the world.

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