Fintech adoption is on the rise. Today, millions of consumers are using digital and mobile-first platforms that offer rare and valuable money management services that were previously only available through brick-and-mortar banks and other traditional payment processing merchants like Western Union and MoneyGram.
There are many reasons that consumers are choosing fintech services including better rates, lower fees and superior service. Consumers can use fintech solutions such as a mobile wallet to make and receive domestic and international money transfers at little to no cost and in real time. They can also enjoy all the benefits of a traditional bank account such as earning interest and the ability to make purchases online and in stores.
For the companies implementing fintech services, especially white label ones like the solution offered by Valorus, there are also a multitude of benefits including reduced credit card processing fees and the ability to pay employees in real time without the payroll costs associated with traditional platforms among others.
If you need more reasons to justify an investment in a fintech solution to your CEO here are seven data points to help you make your case:
If you need more help in justifying an investment in a fintech solution to your CEO fill out our contact form and one of our experts will be in touch to help you map out a plan.