The mobile payments market is
expanding at an unprecedented rate. According to a report by CMO, 58 percent of
all consumers surveyed indicated that they favor the convenience of mobile
commerce over that of more traditional forms of commerce, and, as a result of
this popularity, the mobile-based payment industry is expected to reach $142
billion in volume by 2019. IFAN Financial, Inc. (OTC: IFAN) is in a strong
position to capitalize on this growth through the continued development of its
growing portfolio of payment solutions, leveraging the significant market
flexibility provided by the company’s recently announced funding agreement with
Sea Otter Global Ventures, LLC.
Following the announcement of the
funding agreement, Sea Otter executives praised IFAN’s innovative approach to
the world of mobile payments. As the company continues to refine its product
portfolio, this dedication to improvement and innovation should place IFAN in a
formidable position to benefit from its established presence in the ecommerce
industry.
“We are very pleased to have secured
this financing facility with Sea Otter,” stated J. Christopher Mizer, President
and Chief Executive Officer of IFAN. “The funding will allow us to execute our
business plan and begin commercialization of the proprietary IFAN payment
gateway.”
In May, IFAN made a strong push
towards the commercialization of its payments gateway through an agreement with
digital branding agency Blue Like Neon. Through this partnership, IFAN will
have an extremely visible platform to effectively demonstrate the versatility
of its mobile gateway, providing a fully customizable social commerce platform
that can be adjusted to meet each client’s unique needs.
“The flexibility and security
features of IFAN’s solutions are very appealing to us and our clients,” stated
Landis White, a founding partner of Blue Like Neon. “The end result increases
convenience and security while lowering costs… providing a significant
competitive advantage.”
In recent months, IFAN has taken
major steps towards the expansion and commercialization of its unique portfolio
of products and services. In March, the company announced two major milestones
in the development of its iPIN Technologies payment platform, clearing the path
for a commercial launch later this year. This announcement, in addition to the
company’s recent agreement with Blue Like Neon, gives IFAN additional potential
to realize significant investor returns. Look for IFAN to leverage the
availability of capital to make strides in building brand awareness for the
company moving forward, improving the company’s prospects for industry growth
in the years to come.
For more information, visit
http://ifanfinancial.com
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