Demand for digital payment solutions is growing for consumers and businesses

FinancialNewsMedia.com News commentary

PALM BEACHFlorida. , April 26, 2022 /PRNewswire/ — As a result of the coronavirus pandemic, the payment solutions industry has been hit quite hard, but the market has seen a complete shift in consumer buying habits and the market has grown and is expected to continue for years to come because of the pandemic! Digital payment methods are in high demand by consumers and businesses. Reduced customer spending, reduced trading in international markets, and worldwide unemployment have led to lower trading volumes in all regions of the world. The tourism and hospitality industries have observed a drop in demand, directly impacting the global market. Digital payments have been on the rise for a few years as they provide easy payment options at grocery stores or e-commerce sites. Governments are also taking initiatives to promote digital payments. According to a report from GrandView Research: “The COVID-19 pandemic has had a positive impact on the market, leading to a surge in online sales and the growing use of online payment solutions. Customers around the world have switched from offline to online shopping during the pandemic. the global digital payments market size has been valued at $68.61 billion in 2021 and is expected to grow at a compound annual growth rate (CAGR) of 20.5% from 2022 to 2030. Global increase in customer preference for real-time payments is one of the main growth drivers of the market. According to statistics provided by McKinsey & Company, India recorded 25.6 billion real-time transactions in 2020, a 70% increase from 2019. The growing adoption of mobile wallets can be attributed to this significant increase in the use of real-time payments in the country . E-commerce service providers are striving to strengthen their competitive positions by shifting from traditional credit card and consumer credit solutions to customer engagement solutions that leverage digital payments.” Companies active in the markets today today understand The OLB Group, Inc. (NASDAQ:OLB), Paya Holdings Inc. (NASDAQ: PAYA), Shift4 (NYSE: FOUR), Lightspeed Commerce Inc. (NYSE: LSPD), Shopify Inc. (NYSE: SHOP).

GrandView Research added, “E-commerce companies are also scrambling to deploy their point-of-sale systems to expand their offerings in the digital payment space. For example, retail giants, such as Shopify and Amazon, are developing point-of-sale systems capable of handling online and in-store transactions.These developments are encouraging banks to improve their digital payment services to preserve their market positions.Government bodies around the world are increasing the limit of contactless payment cards, creating new growth opportunities for the market.”

The OLB Group, Inc. (NASDAQ:OLB) LATEST NEWS: The OLB group obtains an evaluation from an independent evaluation and appraisal firm – The OLB Group, Inc., an emerging FinTech company leveraging proprietary omnicommerce and blockchain technology to create personalized payment solutions, today announced that the company has received a $240 million valuation by Corporate Valuation Advisors, Inc., an independent valuation and valuation firm that provides valuation advisory services and fairness opinions to public and private companies.

OLB engaged the firm to determine the fair market value of the business and provide a comparison with similar businesses in the industries where OLB operates. OLB received the evaluation at December 31, 2021and since then completed its acquisition of Crowd Ignition and expanded its cryptocurrency mining operation by securing 10,000 square feet of leased space at BradfordPennsylvania.

The assessment noted that the company increased in value in the fourth quarter of 2021 due to the addition of new merchants and the formation of several new business ventures included in the year-end projections.

You can find a full copy of the report at https://olb.com/valuation-report/ CONTINUED… For more information on the OLB Group, please visit https://olb.com/ or http://olb.com/investors-data/.

Other recent market developments include:

Paya Holdings Inc. (NASDAQ:PAYA), a leading provider of integrated payment and commerce solutions, recently reported financial results for the fourth quarter and for the year ended December 31, 2021.

“Paya ended the year on a high note, thanks to our integrated payment and ACH solutions, and continued favorable trends in the key markets we serve, particularly B2B,” said Paya’s Managing Director. Jeff Hack. “Building on these results with the recently closed acquisition of VelocIT, our recent B2B partnership on accounts payable and the launch of PayaGov, unifying our government-focused solutions and experts, we see more and more opportunities to continue to broaden and deepen our relationships with our partners and customers, while delivering innovative commerce solutions to drive growth. Looking to 2022 and beyond, we will continue to capitalize on opportunities to accelerate our growth agenda. innovation and our go-to-market strategy, delivering sustainable and profitable growth,” concluded Hack.

Shift4 (NYSE: FOUR), the leader in technology solutions for commerce, recently announcement it will publish its financial results for the first quarter of 2022 before the markets open on Thursday, May 5, 2022. Management will host a conference call and webcast that morning at 8:30 a.m. ET to discuss the results.

To participate in the conference call, please register in advance via this link. After registration, a confirmation email will be sent including login details and unique conference call codes for entry. Registration is open via the live call, but to ensure you’re connected for the full call, we suggest registering a day in advance or at least 10 minutes before the start of the call. the call. The earnings conference call will also be webcast live. To access the webcast, please visit Shift4’s Investor Relations website at https://investors.shift4.com. A recording of the webcast will be available on this site after the event.

Lightspeed Commerce Inc. (NYSE: LSPD), the single commerce platform enabling merchants around the world to simplify, adapt and create exceptional customer experiences, recently announcement it will release fourth quarter and full year 2022 financial results before market open on Thursday, May 19, 2022. Management will host a conference call and webcast to discuss the company’s financial results at 8:00 a.m. ET Thursday, May 19, 2022.

Lightspeed Fourth Quarter and Full Year 2022 Financial Results Conference Call
When: Thursday, May 19, 2022
Time: 8:00 a.m. ET
Live call recording:https://conferencingportals.com/event/rPYvDbSx
Replay: (800) 770-2030 (toll-free in the United States and Canada) or (647) 362-9199 (international). Conference ID 74316. (The replay will be available approximately two hours after the live call ends until 11:59 p.m. ET on May 26, 2022)
Webcast: https://investors.lightspeedhq.com

Shopify Inc. (NYSE:SHOP), a provider of business-critical internet infrastructure, recently mentioned it plans to announce financial results for its first quarter ended March 31, 2022 before the market opens on Thursday, May 5, 2022.

Shopify’s management team will host a conference call to discuss first quarter results at 8:30 a.m. ET ThursdayMay 5, 2022. The conference call will be available via webcast on the Investor Relations section of Shopify’s website at https://investors.shopify.com/news-and-events/. An archived replay of the webcast will be available at the end of the call.

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