Canada’s GlancePay amongst firms in a thriving global fintech market

By zaymalz malz

Vancouver’s GlancePay has been named as an industry leader amongst a number of firms by USA News Group in a report that predicts the global fintech market to maintain a compound annual growth rate (CAGR) of at least 30% through 2025.

The financial media company stated that whilst the financial sector has remained rather stagnant on the global stock market in recent times, the fintech industry has been making considerable gains, with the likes of GlancePay, PayPal, Lending Club and OnDeck Capital leading the way.

See also:

GlancePay, dubbed as the next PayPal, has become the number one mobile payment app in Canada, despite having only been launched last year. The fintech allows customers to pay quickly and easily, often utilised in restaurants.

According to Transparency Market Research, the market for mobile payment technologies is expected to increase at a CAGR of 20.5% through 2024, something that would see it rise above the credit and debit cards market by 2020.

Further, According to BI Intelligence, by 2020 there will be $503bn in in-store mobile payments, representing an 80% CAGR between 2015-20, something that GlancePay has been both driving and benefitting from.

In addition, GlancePay is planning to keep in touch with growing trends by incorporating cryptocurrency channels into the app to allow an even greater range of payment options.

Share

Featured Articles

Microsoft, McDonald’s latest firms to run civil rights audit

Microsoft and McDonald’s join Amazon, Citi, JPMorgan and others in conducting civil rights audits, as investor pressure to achieve racial equity mounts

Deep dive: Investment in carbon capture rises as CO2 spikes

Investment in carbon removal solutions and startups is heating up as fast as the planet, with Temasek and CEMEX Ventures the latest VCs to launch funds

Dialight envisions a safe industrial world with LED lights

Reliance on inefficient lighting technologies are not only harmful to the environment, but also increase injury risk and cost

Top 10: Tech, cyber, 5G, cloud speakers at TECH LIVE LONDON

Technology & AI

Eight big announcements made at Davos 2022, from ESG to tech

Sustainability

Hear Vodafone Business cyber chief Kawalec at Cyber LIVE

Leadership & Strategy