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

RELEASE DATE
05-Jun-2023
REGION
Global
Research Code: K89C-01-00-00-00
SKU: IT04722-GL-MT_27741
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Description

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.

Table of Contents

Why is it Increasingly Difficult to Grow?

The Strategic Imperative 8™

The Impact of the Top Three Strategic Imperatives on the IoT Payments Industry

Growth Opportunities Fuel the Growth Pipeline Engine™

Definition

Scope of the Study

Research Process and Methodology

Research Process and Methodology (continued)

IoT in Payment—Key Topics Covered in this Study

IoT in Banking and Financial Services

IoT in Banking and Financial Services (continued)

IoT Applications in Banking and Financial Services

Benefits of IoT Solutions in Banking and Financial Services

Digital Payment

Digital Payment Methods

Digital Payment Methods (continued)

IoT Payments Concept

Frictionless Payments enabled by IoT*

Eliminating Points of Friction to Support Frictionless Retail*

Existing IoT Implementations Supporting Emerging Frictionless Retail*

IoT Payments—Retail

IoT Payments—Retail, Applications

IoT Payments—Retail, Use Cases

IoT Payments—Automotive and Mobility

IoT Payments—Automotive and Mobility, Applications

IoT Payments—Automotive and Mobility, Applications (continued)

IoT Payments—Automotive and Mobility, Use Cases

IoT Payments—Wearables

IoT Payments—Wearables, Applications (continued)

IoT Payments—Wearables, Use Cases

IoT Payments—Smart Home

IoT Payments—Smart Home, Applications

IoT Payments—Smart Home and Voice Assistance, Use Cases

IoT Payments—Smart Home and Voice Assistant

IoT Payments—Smart Home and Voice Assistant, Applications

IoT Payments—Smart Home and Voice Assistant, Use Cases

Key Competitors (Start-ups)

Scoring Methodology for Competitive Profiles

Innovation Target for Competitive Profiles

Gr4vy—Company Profile

Gr4vy—Analyst Viewpoint

Car IQ—Company Profile

Car IQ—Analyst Viewpoint

Aurea Pay&Pass—Company Profile

Aurea Pay&Pass—Analyst Viewpoint

Star—Company Profile

Star—Analyst Viewpoint

Growth Opportunity 1: Biometric Authentication and IoT to ensure Security in Payments

Growth Opportunity 1: Biometric Authentication and IoT to ensure Security in Payments (continued)

Growth Opportunity 2: Affordable Hardware for Transition to Cashier-less Stores

Growth Opportunity 2: Affordable Hardware for Transition to Cashier-less Stores (continued)

Growth Opportunity 3: Connectivity Interoperability for Seamless Payments

Growth Opportunity 3: Connectivity Interoperability for Seamless Payments (continued)

Growth Opportunity 4: Consulting and Support for Increased Awareness

Growth Opportunity 4: Consulting and Support for Increased Awareness (continued)

List of Exhibits

Legal Disclaimer

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.
More Information
Author Cecilia Perez
Industries Information Technology
No Index No
Is Prebook No
Podcast No
WIP Number K89C-01-00-00-00