The DEOR project presents one of a kind solution to help the users get ahead of the Oracle problem and bring better transparency, security, and efficiency to the system in a trust-less manner. DEOR accumulates data from multiple sources, combining it to formulate a single repository of authentic data. The same is supplied to the smart contract helping the stakeholders get access to real-world information.
Solving the Oracle Problem
DEOR is built as a solution, but there must exist a problem to devise its solution. Every block on any blockchain holds some data about the users and their transactions. This data on every block is insider information with no links to the outside world. In other words, whatever happens on-chain, has no relation with off-chain. Until there is no need for a smart contract to oversee a transaction between the on-chain and the off-chain world, the oracle network is not needed.
However, to execute a smart contract automatically and in a trust-less manner when the terms of the contract are fulfilled, the blockchain requires authentic information from the outside world. Oracles are tasked to provide that information. This makes the execution of a smart contract dependent on the information an oracle offers, but there is no way to know whether that information is correct. So, there is a problem that the information cannot be completely trusted.
Not only this, Oracles can further become a problem as they can be easily manipulated and can go offline. A network of oracles are connected to a single point of contact, this means, if the central oracle node is down, others will follow.
How does DEOR solve this Problem?
DEOR brings in an innovative solution by collecting data from a series of oracles, analyzing it on a central server, and then providing a refined result to the smart contract. However, it is evident that not all the oracles will provide the information with similar authenticity and assurance. In that case, the results aggregated by DEOR can also be prey to manipulation.
Reputation Management
To account for this issue, the DEOR network leverages its built-in Reputation Score and Voting system. Both these aspects have a unique function and benefit. First, the reputation scores are predetermined scores allotted to every oracle feeding information to DEOR. Based on their performance, the information provided by them is weighted in terms of a percentage.
Oracle Ranking
Secondly, since the information from all the oracles comes under the scanner in a similar capacity, it becomes easier to handpick the oracles which are supplying disinformation. In that case, the DEOR users can rank the information-feeding oracles, which directly affects their ranking for future uses. This means that the users can up-vote and down-vote the individual oracles based on information authenticity.
Role of DEOR Tokens on the Platform
The first significant aspect of DEOR is the utilization of the oracles to supply accurate information. The second core feature is the DEOR token that is required to assist the workings of the DEOR network. The DEOR token is used for voting in favor or against the oracles. Another vital function of the same is paying for the usage of the DEOR network.
Since every user has to pay for using the oracle network, most probably, one token for one oracle. This means that any platform using more than one oracle has to pay that many number of tokens for using the services. With DEOR, there is no need to pay extra for using more than one oracle.
Since it is a network, the users will only have to pay one DEOR token for customizing their usage of the DEOR tokens. The tokens are based on the Ethereum blockchain working as ERC20 tokens.
Token Distribution
For token distribution of DEOR, 20% of the tokens are kept aside for post-event fair distribution, and the same amount of tokens are kept for pool mining and platform development each. The last 40% of the token tally is kept for vote mining that allocates the users power to vote for different types of oracles according to the authenticity of the information they provide.
To Sum it Up
DEOR solves a major issue dealt by oracle networks regarding the authenticity of information supplied to the on-chain servers. More importantly, it provides a mechanism to rank the oracle nodes on the basis of the information they fetch and supply while creating a system of ranking them for future reference.
Pinacle Web India Has Effectively Settled Itself As A Knowledgeable Site Making Organization In Situated In Mumbai, Maharashtra India. At Pinacle Web India, We Configure, Create And Oversee Sites And E-Business Applications. We Represent Considerable Authority In Dynamic Web Composition, Advancement, And Upkeep Administrations. Pinacle Web India incorporates a key methodology, which integrates SEO techniques, website designing, other services, and a stunning variable plan to formulate a focus on a Web Marketing system that conveys extraordinary reach of interest for our clients.
Other Services We are offering diverse types of services at a reasonable rate without compromising on quality. From social media services to application development services we offer complete end-to-end satisfactory services
Website Designing- numerous India-based organizations don’t have a site situated towards serving all gadgets utilized usually these days. With advanced mobile phones and tablets being so regular in the urban and consistently extending market, responsive site planning is not a specific part of the bigger web outlining administration any longer.
Digging further into this, we might want to enable you to comprehend what precisely responsive web architecture is. When you visit a site on your desktop or portable workstation, you see the printed and realistic components in the extent to the screen. Presently in the event that you visit the site on your PDA or tab and on the off chance that you see those components in the extent to the size, this is known as ‘responsive web outlining. These sites have been manufactured considering the way that a developing number of individuals are utilizing advanced cells and tablets in a hurry for surfing the web.
Pinacle Web India is one of the responsive web architecture benefits in India that gives careful consideration to web advancement for this uncompromising need. We utilize a scope of most recent web advancement advances that assistance us make a consistent client encounter for your customers.
Pinacle Web India has a devoted group for web improvement and web outlining that spends significant time in responsive web composition and has been taking a shot at such activities for a significant time. The combined understanding of our colleagues, combined with advancement and demonstrable skill, guarantees that you get a practically feasible and stylishly spic and traverse site.
As specified before, we utilize different advancements, for example, the most recent structures of JavaScript and adaptations of CSS nearby the fittest and productive programming dialects that shape the building of your multifaceted site.
Regardless of whatever is the idea of your site, business, moderate, high on designs, or essential. When you need your site to be fit for running on all gadgets, we will surely convey our claim
At Pinacle Web India, we guarantee that your site User Interface is gadget versatile, as well as that your site doesn’t confront any glitches or usefulness issues that may dismiss potential clients. Advantages Of Having A Responsive Website Design:
A noteworthy piece of the present web utilizing swarm utilizes advanced cells and other handheld gadgets for surfing on the web. Responsive web composition is about gadget versatile web composition that influences your site to fit all screen sizes. Give us a chance to investigate promote the advantages of having a responsive site.
More prominent Market Penetration: When your site can be seen easily on any handheld gadget separated from the typical workstation, you absolutely get the additional preferred standpoint of having an ever-increasing number of individuals going by your online nearness. This expands your shot of getting an ever-increasing number of potential customers by the method for spreading over the online stage.
Lessens Web Development Costs: You don’t have to build up your site independently for versatile registering gadgets like advanced cells and tablets. The improvement procedure happens in one single go. You don’t need to consume additional money for all the advancement work. Since it’s a one-time process, the profits are greater than the contributed taken a toll.
Regular Online Digital Marketing: When your clients utilize their advanced cells for web-based surfing, they utilize watchwords contrastingly that suit the keypad utilization accommodation. At the point when your site is gadget versatile, you don’t need a different SEO group for portable clients. You can fuse the current SEO structure normally for all gadgets.
In the event that you are searching for a responsive web architecture in Mumbai, we guarantee you that Pinacle Web India is your best arrangement. We offer you a responsive web composition in a shorter timeframe with no bargains to quality.
With an amazing UI, more prominent usefulness, and faultless client encounter, your site is probably going to receive significantly more in return than with customary website composition. It’s an opportunity for you as of now to begin thinking of it regardless of whether you have a site.
Web Development Services
Why You Need It And How We Can Help You Get It.
At Pinacle Web India we will probably grow in fact complex yet rich and natural site advancement arrangements that cost less and high in execution to create and keep up while in the meantime utilizing the maximum capacity of the most recent web advances accessible along these lines enabling you to expand your business potential. In today’s, world the Internet is utilized as a medium to influence the business’ vision in showcasing to end up plainly a reality.
Web architecture and Website Development are two terms that are regularly utilized when alluding to the formation of sites. It is the demonstration of influencing the site and making it work for your business. Despite the fact that website architecture is regularly viewed as an umbrella term that spreads both the outline and improvement of a site, we see web advancement as the development and coding stage that fits inside the website architecture life cycle.
Our sites are created utilizing the most recent innovations and industry patterns including ASP.net, PHP, MySQL, and SQL Server, and so on keeping in mind the end goal to give you the best. We have a magnificent group of site improvement experts who are all around experienced to create sites of any intricacy. Our site designers are for the most part affirmed in these innovations guaranteeing your site is created to the standard you ought to anticipate.
Our exceptional task division chips away at sites that have particular and interesting prerequisites that should be developed from the beginning. This may incorporate catalog frameworks, booking motors, and whatever else that requires interesting rationale keeping in mind the end goal to accomplish the targets of the client. At Pinacle Web India we offer minimal effort programming and configuration administrations for each part of site advancement.
We can satisfy the majority of your Website advancement prerequisites from planning the visuals of your Website, updating your present site, give you the area names and facilitating administrations, and even with blogging, duplicate written work, and internet advertising administrations as well. Our particular administrations are technique, innovation, plan ability, and quality usage has helped us pick up our customer’s certainty and exceed expectations in the realm of Website Development. We have mastery in both Open Source and Microsoft Platforms. We give you Website Design and Website Development in Mumbai, India benefits under one rooftop.
Graphics Designing Services
Logo Designing Services-upgrading Your Website Can Be One Of Your Best Business Decisions.
The most recent decade has seen a blast in web business visionaries. Those are the organizations that work for the most part on the web. Notwithstanding, for the individuals who began early or the individuals who have been having a similar web composition for the greater part of 10 years, the opportunity has already come and gone that you patch up the entire web architecture.
In spite of the fact that some should seriously mull over site upgrading as a misuse of cash and time, they can be no more remote from reality. These days, any potential customer is well on the way to visit your site first as an essential wellspring of data to settle on the following choice.
Your site’s feel and game plan of catches/alternatives have a huge effect on how individuals see your business. With such a large number of online businesses flying up from time to time, you should rejig your web composition in no less than five years of time.
Pinacle Web India, giving site redo in Mumbai, India has authoritatively supported you to change your web architecture every once in a while. Here is the reason you have to proceed with that thought:
Keeps Your Competitive Edge: As said before, customers will judge your business inconspicuously in their brains by associating its quality with the web composition. Along these lines, you have to influence your site as much eye to sweet, without losing the pertinence to the idea of your business, keeping in mind the end goal to establish a decent connection.
Cost Feasible Investment: Investing in site planning every once in a while bodes well as opposed to losing customers over some undefined time frame. Getting your site updated is a piece of a greater procedure of rebuilding your business.
Draws in More Clients: If you have your SEO methodology right it will enhance your positioning outcomes. Be that as it may, if your site looks smooth and fancy, it really pulls in an ever-increasing number of customers through reference as a circuitous consequence of your web architecture (and your administration nature obviously).
Creating The Base For A High Page Ranking The aggressive condition in the realm of web seeks rankings has numerous site proprietors pull their hair in loose hope as what constitutes a decent SEO technique. In the meantime, the individuals who have made sense of the stuff inside continue climbing the site positioning stepping stool.
In 2013, when Google descended overwhelming on sites that relied upon cross-posting their connections instead of creating a natural intrigue, shook the SEO world. Nonetheless, it is not out of the question that one ought to advance his site while playing along with the guidelines. Since SEO is not a level playing field for all, with huge companies being given need in all web crawler calculations because of their money-related muscle, you have to take the keen course.
Here is the place Pinacle Web India can enable your site to enhance its internet searcher rankings fundamentally and enable you to acquire customers. Creating an SEO procedure is a blend of different variables that relies on what is site is about and what is your objective area. A competent SEO organization in India will more often than not think about these two factors about your site and set the technique as needs be. Pinacle Web India has been associated with a few fruitful SEO battles for various customers for years.
Web-based social networking Optimization.
A dominant part of web clients visits Facebook, Twitter, websites, YouTube, and different other online networking destinations to discover more data about your business before managing you. Your rivals worldwide and in the neighborhood showcase know about these systems, it is a direct result of this they are constantly in front of you in surrounding compelling business procedures which gives them leverage over you. Your organization notoriety and brand needs a viable online networking administration, else the conventional promoting procedures that you been utilizing so far will bring about next to no or no effect on your clients
Online networking enhancement (SMO) includes making your substance effortlessly shareable over long-range informal communication destinations. Web-based social networking Optimization is an appropriate method for expanding the number of clients and be all the more near your clients. Powerful usage of Social Media Optimization can help you in your business development. SMO creates activity for your site from different person-to-person communication sites. SMO advances a site in top web crawlers. SMO is profoundly in charge of making buildup for your business items and administrations with the assistance of different online networking systems. SMO expands the fame of you your business. Web-based social networking Optimization or SMO has turned into an essential piece of web-based showcasing methodology. Online networking advertising enables you to advance an organization site, business, or brand through web-based social networking by drawing in and collaborating with existing or potential buyers
RoboSense And Inceptio Announced Cooperation On Mass Production Of L3 Heavy-duty Trucks
RoboSense (https://robosense.ai/) announced the launch of China’s first automotive-grade solid-state LiDAR production line and would start mass production and delivery of the automotive-grade solid-state LiDAR RS-LiDAR-M1 for contract projects in Q2 this year.
At the CES2021 in January this year, RoboSense has officially unveiled the SOP version of the automotive-grade LiDAR RS-LiDAR-M1, which features a slim design, excellent performance, and reliable point cloud quality. Since July last year, the RS-LiDAR-M1 has successively received a number of orders for mass-production vehicle models around the world, among which, the first customer was an OEM from North America. In December last year, the RS-LiDAR-M1 samples were shipped to this OEM customer in batches, and became the world’s first mass-production-ready automotive-grade MEMS solid-state LiDAR delivered.
Two days ago, Inceptio released the self-driving system “Xuanyuan” equipped with RoboSense solid-state LiDAR, and the two parties announced the partnership that the mass-produced L3 heavy-duty freight truck equipped with “Xuanyuan” system will be launched on the market by the end of 2021.
As a world-leading smart LiDAR supplier, RoboSense has reached in-depth cooperation with Inceptio from 2019 to provide high-performance automotive-grade MEMS solid-state LiDAR RS-LiDAR-M1 for Inceptio’s “Xuanyuan” system, the first full-stack self-developed autonomous trucking system for mass production. Inceptio develops the ULRS (ultra-long-range sensing), ARC (adaptive robust control) and FEAD (fuel-efficient autonomous driving) algorithms, and the ULRS can make the system perceive an ultra-long distance of up to 1,000 meters with a margin of error standing below 5%.
In June 2019, Inceptio has worked with Dongfeng Trucks and SINOTRUK respectively to developed L3 autonomous heavy-duty trucks. By the end of 2021, the mass-produced L3 heavy-duty trucks equipped with Inceptio’s “Xuanyuan” system with RoboSense LiDAR inside will be delivered to clients.
About RoboSense
Founded in 2014, RoboSense (Suteng Innovation Technology Co., Ltd.) is the leading provider of Smart LiDAR Sensor Systems incorporating LiDAR sensors, AI algorithms and IC chipsets, that transform conventional 3D LiDAR sensors to full data analysis and comprehension systems. Market-oriented, the company provides customers with various Smart LiDAR perception system solutions, including the MEMS and Mechanical types LiDAR HWs, fusion HW unit, and the AI-based fusion systems. To date, RoboSense LiDAR systems have been widely applied to the future mobility, including autonomous driving passenger cars, RoboTaxi, RoboTruck, RoboBus, automated logistics vehicles and intelligent road by domestic and international autonomous driving technology companies, OEMs, and Tier1 suppliers. https://robosense.ai/
About Inceptio
Inceptio Technology was founded in April 2018, with an aim to build a nation-wide freight network using autonomous driving trucks.
We focus on the transformation of line-haul logistics by providing a more secure, efficient, and economical Transportation-As-A-Service (Taas) to logistic customers. This is to be achieved with our automotive grade L3/L4 autonomous driving software/ hardware, developed in collaboration with major automotive manufacturers, fully integrated with mass-produced heavy-duty freight trucks. With our advanced technology and seasoned operation team, we envision developing the most trustworthy autonomous freight service network.
New release from Maplesoft™ also broadens support for advanced research, application development
Maplesoft™ today announced a major new release of its flagship product, Maple™, the powerful and easy to use mathematical software. Maple is used by mathematicians, educators, students, engineers, and scientists to analyze, explore, visualize, and solve math problems. The new release, Maple 2021, offers a range of enhancements across the entire product, from small productivity changes to new areas of mathematics.
Maple 2021 includes a large number of enhancements particularly designed to support math education. Some of these features include:
Three interactive Clickable Calculus™ Study Guides that help students learn Calculus, Precalculus, and Multivariate Calculus
A new package providing tools for teaching and learning differential equations, including helpful visualizations and step-by-step solvers
Content development tools enabling instructors to create educational content inside Maple, and then deploy it to their students through Maple Learn™, an online environment designed specifically for teaching and learning math from high school to second year university
In addition, Maple 2021 delivers a more powerful math engine, a streamlined workflow for interactive problem solving, and enhanced content and application development tools. Highlights include:
Greater problem solving abilities, with new algorithms and solving techniques for differential equations, integration, abstract algebra, graph theory, physics, quantum chemistry, and other areas of math, science, and engineering
Enhanced performance of frequently used fundamental routines, resulting in faster computations
Streamlined workflow when creating and working with documents that involve both calculations and text
“Our customers rely on Maple for so many different reasons, from interactive problem solving, to visualizing advanced mathematical concepts, creating curriculum materials, developing new algorithms to tackle tough research problems, and more,” says Karishma Punwani, Director of Academic Product Management at Maplesoft. “With Maple 2021, customers get access to a host of improvements across all aspects of the product to enhance their diverse uses of Maple.”
Maple is part of the Maple Math Suite, a collection of products from Maplesoft that provides access to the world’s most powerful mathematics engine through a variety of specialized, easy-to-use interfaces that make it extremely easy to explore, visualize, and solve mathematical problems in different situations. Other products include the recently introduced Maple Learn™, the online environment for teaching, learning, and doing math from high school to the second year of university, and the free Maple Calculator app, which allows students to graph and solve problems on their phone.
Maplesoft has provided mathematics-based software solutions to educators and researchers in science, technology, engineering, and mathematics (STEM) fields for over 30 years. Maplesoft’s flagship product, Maple, combines the world’s most powerful mathematics engine with an interface that makes it extremely easy to analyze, explore, visualize, and solve mathematical problems. Maplesoft products and services are used by more than 8000 educational institutions, research labs, and companies, in over 90 countries. In 2018, Maplesoft spun off its online education product line into a separate corporation, DigitalED
Maplesoft is a subsidiary of Cybernet Systems Group. To learn more about Maplesoft, please visit www.maplesoft.com.
Natick Family Dental now offers our patients online scheduling, digital forms, touchless temperature checks, and a contactless payment system
As states and communities begin to reopen in the wake of the COVID-19 pandemic, Natick Family Dental’s patients are benefitting from a touchless experience to reduce the rate of transmission and ensure their personal safety. Prior to their appointments, all patients receive links (by email) to intake and screening forms that they can fill out electronically.
“As part of our new check-in procedure, our patients will undergo a touchless temperature assessment, so that we can identify and triage people who may have elevated temperatures,” says Dr. Robert Stearns.
Please note that the office is only permitting patients with appointments and face masks to enter our facility. At the end of their appointment, patients have the option to pay using a smartphone.
Other safety measures and protocols include an air purifier and filtration system, hand sanitizer, a hydrogen peroxide solution (to gargle), and no magazines/toys in the waiting room area.
About Natick Family Dental
Natick Family Dental is a multi-specialty dental practice that meets all of our patients needs under one roof – from general, cosmetic, implant, and emergency procedures to sedation. Our expert team of 10 dental professionals specialize in endodontics, oral and maxillofacial surgery, periodontics, and prosthodontics. Offering a convenient, efficient, and safe patient experience, our clinicians and administrative staff take a modern and seamless approach to dentistry.
To learn more, please visit https://www.natickfamilydental.com/. Media Contact: Morgan Smith Natick Family Dental 14 West Central Street Natick, MA 01760 (508) 720-5000 smile@natickfamilydental.com
Evolution International Group Limited, the recognised peer-to-peer payment technology start-up, has today revealed it would be releasing its eagerly awaited iPro, peer-to-peer payments app in the first quarter of 2022.
The latest announcement arrives after several years of discovery, research, planning and initial development of Evolutions peer-to-peer payment software built on blockchain technology which guarantees faster payment transactions with added security.
Through a study of integrating high-data attachments to strengthen the security of each payment, Evolution International Group Limited plans to offer a seamless, highly secure user experience and fast transfer rate for both local and international payments.
“We have been planning to launch a peer-to-peer payment app for several years but needed to develop, test and release our blockchain software beforehand. We have now released the needed software and are currently working through the initial development phase of our app. It is an exciting time for my team, and we are looking forward to our app launch which is scheduled for early next year,” said Chen Jianhong, Chief Executive Officer at Evolution International Group Limited in a recent press conference.
Insiders at the growing tech startup have confirmed that their payments app will offer multi-language support, thereby providing access to users worldwide, however the application will only be available in Asia for its initial release.
“We plan to release a smartphone app that is quicker and a lot more secure than any other app on the market. We will then release this in Asia, and hopefully, if it is successful, we will offer it to the global market.” added Francis Lei, Investor Relations at Evolution International Group Limited.
With financial transactions at the core of our everyday society, individuals will use iPro Payments for various purposes such as remaining card-free, supporting a cashless economy and embracing one-click-order technology.
About Evolution International Group Limited
Established in 2013, Evolution International Group Limited is a fintech start-up company developing a blockchain-powered peer-to-peer payments solution ready to corner the market in the financial payments world.
Media Contact
Company: Evolution International Group Limited Contact: Mr. Francis Lei, Investor Relations Telephone: +852 2319 4147 Email: investor.relations@eigipro.com Website: https://www.eigipro.com/ Address: 1 Austin Road West, International Commerce Centre, Kowloon, Hong Kong
Whether an inspection application requires a small diameter borescope to enter a narrow access port or one that can articulate as it navigates through lengthy piping, ViewTech Borescopes VJ-3 video borescopes are utilized and relied upon throughout every industry. North America’s lineup of top-selling articulating video borescopes caught the attention of two of their newest clients, a manufacturer of oceanographic measurement equipment and a global energy supplier.
A Production Engineer for an oceanographic equipment manufacturing company sought a new visual inspection tool to assist with product design. It was essential the borescope feature brighter lighting and an improved image quality than their current borescope was equipped with. Through ViewTech Borescopes no-cost, no-obligation demo offer, their Washington based facility was able to trial a VJ-3 2.8mm x 1.0-meter video borescope.
With hands-on experience utilizing the VJ-3, the ViewTech borescope documented areas not visually accessible during previous remote visual inspections (RVI). The decision to purchase was easy to quantify by their engineering team.
Another of ViewTech’s newest clients, a global energy supplier, was not able to complete necessary inspections. With their current borescope too large to access chiller tubes, it was critical they purchase an inspection tool specifically for this application. After researching new borescopes for sale, they immediately considered ViewTech’s VJ-3 video borescope. The video borescope requirements their Operations & Maintenance Supervisor deemed crucial were: 360-degree articulation, more than 20 feet of the insertion tube, and a diameter smaller than half of one inch. The borescope experts at ViewTech recommended they trial a VJ-3 Dual Camera. While many borescopes use side view attachments or interchangeable viewing angle tips, with the ViewTech Dual Camera borescope, simply pushing a button toggles between front-view and side-view cameras. After their free demo VJ-3 Dual Camera was onsite and chiller tube inspections complete, the ViewTech video borescope was purchased by their O&M Supervisor.
VJ-3 Video Borescope
The VJ-3 mechanical articulating video borescope is a NDT instrument used for the RVI of machinery, equipment, and components. The VJ-3 facilitates the visual recording and photo documentation of inspection and components in areas that are otherwise inaccessible or require great effort and expense to access directly. The VJ-3 video borescope consists of two modules integrated into one system: an insertion tube with distally mounted camera/LEDs, and the base unit with a control panel, LCD monitor, power source, and all necessary circuitry.
About ViewTech Borescopes
ViewTech Borescopes, founded as RF System Lab in 2008, is North America’s #1 seller of video borescopes. Their first product, the VJ borescope, set a new standard for portability, ergonomics, and ease-of-use, with its industry-first mechanical, joystick-controlled articulation.
Payment Processing Solutions Market to Exhibit 11.7% CAGR by 2027; Growing Adoption of Credit Cards for Online Transactions to Surge Demand: Fortune Business Insights™
ey Companies Covered in Payment Processing Solutions Market Research Report Are PayPal Holdings, Inc. (California, United States), Fiserv Inc. (Wisconsin, United States), GLOBAL PAYMENTS INC. (Georgia, United States), Mastercard Incorporated (New York, United States), Square, Inc. (California, United States), VISA Inc. (California, United States), PayMyTuition (Toronto, Canada), Rapyd Financial Network Ltd. (London, United Kingdom), Stripe (California, United States)
The global payment processing solutions market size is expected to showcase exponential growth by reaching USD 116.17 billion by 2027. This is attributable to the increasing adoption of value-added services by major Fintech firms, along with the growing demand for payments through credit & debit cards that is leading the developers to introduce advanced payment solutions globally. Fortune Business Insights, published this information in its latest report, titled, “Payment Processing Solutions Market Size, Share & COVID-19 Impact Analysis, By Payment Method (Debit Card, Credit Card, e-Wallet, Automated Clearing House (ACH), and Others), By Industry Vertical (Banking, Financial Services and Insurance (BFSI), Manufacturing, IT and Telecommunications, Travel and Hospitality, Retail and Consumer Goods, Healthcare, Transportation and Logistics, and Others), and Regional Forecast, 2020-2027.” The report further mentions that the market stood at USD 48.60 billion in 2019 and is likely to exhibit a CAGR of 11.7% between 2020 and 2027.
Massive Surge in Online Transaction amid COVID-19 to Aid Market Growth
The global pandemic has led to a massive surge in online contactless transactions over cash payments. Bound by the fear of contracting the disease, several consumers are opting for digital payments when purchasing commodities at stores. This rise in online payments presents a lucrative opportunity for the developers to introduce advanced payment solutions that will contribute to the Payment Processing Solutions Market growth in the near future.
Payment processing solutions are a medium that enables efficient handling of transactions when the customers purchase things. The payment processing provider promptly establishes a communication between the customer’s credit/debit card, mobile wallet, and others to the bank of the customer to enable a fast and secure transaction. The growing focus on digitization provides a platform for developers to innovate payment solutions, along with the addition of modern technologies to cater to the customer’s online payment demand.
What does the Report Provide?
The Payment Processing Solutions Market report includes a detailed analysis of several factors such as the key drivers and restraints that will have an impact on the market. Furthermore, the report includes significant insights into the regional insights that include different regions, which are contributing to the market growth. It includes the competitive landscape involving the leading companies and the adoption of strategies by them to introduce new products, announce partnerships, collaborate, and acquire other companies that will contribute to the market growth during the forecast period. Moreover, the research analyst has adopted several research methodologies such as SWOT analysis to obtain information about the current trends and industry developments that will drive the market growth during the forecast period.
Click here to get the short-term and long-term impact of COVID-19 on this Payment Processing Solutions Market.
Increasing Adoption of Value-Added Services by Fintech Firms to Augment Growth
The emergence of advanced technologies has led to a massive overhaul in the operations of several Fintech firms and major banks globally. They are adopting modern technologies such as artificial intelligence (AI) and machine learning to provide their customers with contextual and customized payment solutions. This is driving the demand for advanced payment solutions to enable fast, simple, and secure business transactions. Furthermore, the surging use of credit and debit cards over cash is likely to boost the global payment processing solutions market growth in the forthcoming years.
SEGMENTATION
E-wallet Segment Held 18.2% Market Share in 2019
The e-wallet segment, based on the payment method, held a market share of about 18.2% in 2019 and is anticipated to gain momentum backed by the growing rate of digital payments amid COVID-19 that is driving the adoption of innovative e-wallet payment processing solutions globally.
North America to Remain Dominant; Increasing Number of Online Transactions to Augment Growth
Among all the regions, North America is expected to remain dominant and hold the highest position in the global payment processing solutions market during the forecast period. This dominance is attributable to the increasing number of online transactions backed by the e-commerce boom in the region between 2020 and 2027. North America stood at USD 17.06 billion in 2019.
The Payment Processing Solutions Market in Asia-Pacific is anticipated to experience substantial growth during the forecast period. This is ascribable to factors such as the rising retail and consumer goods industry that is driving the demand for advanced payment processing solutions in countries such as Australia, India, and China in the region.
Eminent Companies Focus on Collaboration to Strengthen Their Market Positions
The global payment processing solutions market is consolidated by the presence of major companies that are trying to maintain a stronghold by focusing on adopting inorganic and organic strategies. These companies are collaborating with other companies to expand and develop advanced solutions that will bode well for market growth.
Industry Development:
October 2020 – Rapyd Financial Network Ltd., a leading Fintech firm, announced the launch of its new all-in-one payment processing solutions for the South Korean market. According to the company, the payment solution is likely to aid in processing payment efficiently and provides a platform for easy transaction across mobile wallets and international cards.
List of the Companies Profiled in the Global Payment Processing Solutions Market:
PayPal Holdings, Inc. (California, United States)
Fiserv Inc. (Wisconsin, United States)
GLOBAL PAYMENTS INC. (Georgia, United States)
Mastercard Incorporated (New York, United States)
Square, Inc. (California, United States)
VISA Inc. (California, United States)
PayMyTuition (Toronto, Canada)
Rapyd Financial Network Ltd. (London, United Kingdom)
Stripe (California, United States)
PAYU (Hoofddorp, Netherlands)
CCBill, LLC. (Malta, Europe)
AUTHORIZE.NET (Utah, United States)
Jack Henry & Associates, Inc. (Missouri, United States)
Livestock Monitoring and Identification Market Size, Share & COVID-19 Impact Analysis, By Component (Hardware, Software, and Services), By End-use (Dairy Farm, Beef Farm, Sheep Farm, Deer Farm, and Goat and Pig Farm), and Regional Forecast, 2020-2027
Digital Transformation Market Size, Share,& Analysis, By Technology (Cloud Computing, Big Data and Analytics, Cybersecurity, Artificial Intelligence (AI), Internet of Things (IoT)), By Enterprise Size (Large Enterprises, SMEs), By Deployment Model (On-Premises, Cloud), By Industry Vertical ( BFSI, Manufacturing, IT and Telecommunications, Retail and Consumer Goods, Healthcare), and Regional Forecast, 2021-2028
Online Gambling Market Size, Share & COVID-19 Impact Analysis, By Type (Sports Betting, Casinos, Poker, Lottery, Bingo, and Others), By Devices (Desktop, Mobile, and Others), and Regional Forecast, 2021-2028
Building Information Modeling Market Size, Share & COVID-19 Impact Analysis, By Component (Software and Services), By Project Phase (Pre-Construction, Construction, and Post Construction), By Application (Commercial, Residential, Industrial, and Public Infrastructure), By End-User (Architect and Engineers, Facility or Construction Managers, and Builders and Contractors), and Regional Forecast, 2020-2027
Smart Parcel Locker Market Size, Share & COVID-19 Impact Analysis, By Type (Modular Parcel Locker, Cooling Lockers for Fresh Food, Postal Lockers, and Laundry Lockers), By Deployment (Indoor and Outdoor), By Application (Commercial Buildings, Condos and Apartments, Retail BOPIS, Universities & Colleges, and Others), and Regional Forecast, 2020-2027
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Dubai Vigilance Group and Regenerated Phyto Biotechnology signed a Strategic Agreement for Distribution and Collaboration.
Dubai Vigilance Group is now the exclusive Distributor of Regenerated Phyto Biotechnology agricultural products in North, Central, and South America, Caribbean Community Countries, Sudan, and Morocco. DVG will collaborate with the Jordanian company’s scientists on scientifically proven Agricultural Biotechnology products’
Regenerated Phyto Biotechnology is a leading Jordanian-based Agricultural Company using Phyto Effective Microorganisms microbial technologies to improve the growth of plants, animals, and fish using organic bacteria.
Phyto EM consists of naturally-occurring beneficial microorganisms. It is utilized in arable farming, vegetable production fruit farming, fish farming, and viniculture.
Regenerated Phyto Biotechnology products renew soil fertility, assist in fixing atmospheric nitrogen, stimulate plant growth and facilitate absorption of minerals in plants.
Dubai Vigilance Group is a renowned Consultancy Group, that focuses on technologies that support sustainable agriculture, innovative and customized turnkey solutions in E-Procurement, Supply Chain, Risk Management, Disaster Management using the latest and pathbreaking technology, Robotics, and Blockchain technology.
Dubai Vigilance Group and Regenerated Phyto Biotechnology signed the strategic agreement and will collaborate with CARDI (Caribbean Agricultural Research & Development Institute), Central Experimental Farms, and NAREI (National Agricultural Research & Extension Institute) on food sustainability using the scientific technology to increase crop production, better crop protection, increase in nutrition value, fresher produce, longer shelf life, better taste, and pest resistance. https://vigilancegroup.ae
Fantasy sports means exploring your favorite sport through a virtual platform. You choose a fixture; accumulate points based on the performances of your selected players in real games, fight against other sports enthusiasts, and earn cash rewards. The fantasy sports industry has raised to popularity, it reached unimaginable heights. Fantasy football and fantasy cricket are the most appreciated and played fantasy sports, especially in India, and FanFight has grabbed everyone’s attention for sure. The only thing you need to play fantasy sports is the knowledge about the game you are willing to play.
Fantasy Sports on FanFight:
FanFight is undoubtedly a renowned fantasy sports platform in India, and also one of the most creative ones. You get the opportunity to win big every day by playing your favorite fantasy games on this platform. Millions of sports enthusiasts use FanFight to play fantasy cricket, kabaddi, baseball, basketball and football. More users mean, bigger cash pool, and the scope to win more. The fantasy sports leagues are closely contested on FanFight.
Sign up bonus and offers:
Once you are done with the registration, FanFight gives you an immediate signup bonus. It also offers deposit bonuses, and reference bonuses, so you can easily join the cash contests listed out on their game center. Fanlight’s motive is to provide the best platform where enthusiasts can explore their favorite games, and win cash rewards daily.
Install the FanFight app on iOS and Android:
FanFight is readily available on the iOS, Android operating systems. Though, you can also consider participating in various fantasy leagues and games from your web browser too. You will get to see a list of international and domestic games of all formats in the FanFight game center. All you need to do is select a fixture, pick from numerous cash contests available, build your fantasy squad and start winning.
Play fantasy sports with multiple teams:
FanFight allows you to create multiple teams and join cash contests. Here, you can consider trying various team combinations and increase your chances of winning big amounts. Higher rank means more chances of getting huge money. Your knowledge of sports will be a determining factor here. You can also challenge your colleagues and friends for bragging rights, and of course to earn cash.
Offered Contests on FanFight App:
There are free and paid contests you can choose from. If you are new in this business, joining practice contests will give you the time to gain experience, so you can win some cash by playing paid contests over time.
The Contests offered by FanFight Fantasy Sports are like Mega Contest, Gadget pool, Hot Contests, Rumble, Head-2-Head, Double or Nothing, Winner Takes All, Top-X-Winners, Contest for Champions and Free Contests.