After the whirlwind of payments innovation in 2015, 2016 has felt rather stagnant in comparison for many payment technology enthusiasts. What is the story behind this lull and what does it mean for the future of Fintech?
The truth is that 2016 has been a significant year in the development of payment tech – some might argue even more so than 2015. While 2015 saw the introduction of revolutionary technologies, 2016 has been the year these technologies have been adopted and adjusted to best meet the market’s actual needs.
It is natural to have a lull between a technology’s entrance to the market and the next phase of technological development. When this happens on a broad scale and many solutions are released within a short window of time, the following period of inertia is compounded and this can be disheartening.
Rest assured, the industry is on the brink of significant innovation. Here’s a brief progress report on how some of 2015’s technologies have been integrated into the market in 2016 and how they have advanced since their introduction.
For more on this story visit the following link: Don’t Be Fooled: Payments Tech Isn’t Plateauing
Source: Payments Source