| | NOVEMBER 20216CIOReviewImagine ordering something from your mobile device or desktop, and immediately receiving an invoice with a "Pay Now" button. All you need to do is a click, which will send the requisite amount to the seller immediately from your bank account. The process takes no more than 15-20 seconds. Although this might not sound like a utopian concept now, it was something unthinkable even a decade ago. Today, however, mobile payments are becoming nothing short of a necessity for businesses and individuals alike to ensure a seamless transaction. That being said, even mobile payments technology are on the cusp of another digital revolution now to push the dream of a cashless economy. With the increasing access to smart phones, development of e-commerce, internet connectivity, and emerging technologies like AI, ML, mPOS, biometrics, and mobile wallets, this doesn't sound like a distant dream either. Particularly, during COVID-19 pandemic, people are spending even more time connected to their smart phones than ever. All of these factors are contributing to increased opportunities in mobile payments. For instance, one of the finest ways AI has been impacting mobile payment and improving the end-user interaction is transaction filtering to prompt only high-risk transactions with a security chargeback layer. As a result, deterring good customers are able to return to abandoned carts or perform low-risk transactions by utilizing real-time attributes like geolocation, behavioral analytics, and physical biometric traits. From these trends, it is evident that applying AI to mobile payment processes will undoubtedly aid in reducing customer friction and encouraging mobile sales. In this edition of CIOReview, we bring you the story of some of the most promising mobile payment solution providers that deliver the best outcomes for their clients. This edition also offers a combination of thought leadership from subject matter experts and exclusive insights from CIOs and CXOs. We hope this edition will provide you the right assistance in choosing the best mobile payment solution provider, according to your requirements. Let us know your thoughts!EditorialChanging the Mobile Payments Realm Copyright © 2021 ValleyMedia, Inc. All rights reserved. Reproduction in whole or part of any text, photography or illustrations without written permission from the publisher is prohibited. The publisher assumes no responsibility for unsolicited manuscripts, photographs or illustrations. Views and opinions expressed in this publication are not necessarily those of the magazine and accordingly, no liability is assumed by the publisher thereof.CIOReviewEmail:sales@cioreview.comeditor@cioreview.commarketing@cioreview.com November - 04 - 2021, Vol 10, Issue - 62 (ISSN 2644-237X) Published by ValleyMedia, Inc.To subscribe to CIOReviewVisit www.cioreview.com CIOReviewVisualizersIssac GeorgeJaxon Jase*Some of the Insights are based on the interviews with respective CIOs and CXOs to our editorial staffJustin Smith Managing Editoreditor@cioreview.comManaging EditorJustin SmithSalesStephen Thomasstephen.thomas@cioreview.com Editorial StaffAaron PierceCarolynn WaltersShirley FaithRussell ThomasDean Winchester
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