Internet of Things (IoT) Start-up Tracker—Payments

Internet of Things (IoT) Start-up Tracker—Payments

Disruptive Technologies and Strategies are Enabling Contactless and Frictionless Payments

This Internet of Things (IoT) start-up tracker focuses on the payments segment in the banking and financial services industry. It is a resource to help ecosystem participants identify solution providers with offerings that address industry challenges. It takes a close look at the IoT start-ups and niche players that can transform processes in payment services and add value to the end user.

IoT is reshaping the banking and financial services landscape. Devices with embedded sensors connected to networks that transmit data that provide strategic insights are helping introduce innovative processes that simplify financial transactions. The introduction of IoT technologies in the banking and financial services sector is making way for business models that improve operations and decision-making, enhance customer experience, and unlock new revenue streams across verticals.

Frost & Sullivan has conducted detailed primary interviews with IoT start-ups from across regions that are standing out in the payments segment to generate competitive profiles and understand relevant developments, strategies, and value propositions. The study also examines the factors driving and restraining growth in this market and identifies the growth opportunities emerging from the changing landscape for market players and stakeholders to leverage.