Demand is the main driver for
companies looking to enter new markets or to develop technologies to meet those
demands. The contactless payments market is expected to have a value of $9.88
billion by 2018. This market includes payments via mobile handsets, smart
cards, and key fobs, as well as consultation services, integration services,
and value added services. The verticals associated with this market are as
follows: banking financial services and insurance; consumer goods and retail;
healthcare; government and public sector; telecom and IT; and transportation
and logistics. Alternet Systems, Inc. (OTCQB: ALYI) is in this business
dynamic.
Alternet Systems is divided into
three business segments:
Payment Technology Solutions – The
company provides technology products to financial businesses looking to provide
a wide variety of payment channels. Processing devices include point of sale,
mobile phones, tablets, PCs, and web-based applications.
Financial Technology Solutions –
The company offers digital currency payment solutions, digital payment
services, and banking solutions. Alternet has a keen knowledge in the mobile
financial services industry and is pursuing governments, financial service
companies, and banks for its target markets.
Data Analytics – The company
provides optimized data analytics and completely automates a customer’s
marketing research operations. Alternet’s products allow its customers to
create a wide range of invaluable data combinations and generate lists of
potential customers.
The contactless payments market is
expected to grow by 18 percent, annually, according to independent research
firm MarketsandMarkets. Knowing how fast the market is growing and having the
foresight to develop the much-needed tools and solutions are keys to positioning
in this space. Alternet Systems also has a wealth of entrepreneurial experience
in its management team that will be vital for adapting to changing business
environments, politics, policies, and participants.
For more information, visit
www.alternetsystems.com
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