Jason Simon explains how e-commerce and FinTech are changing the digital ecosystem

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E-commerce has become a fundamental pillar for the entire business and FinTech landscape. Two of the sectors that have seen significant growth in recent years are e-commerce and FinTech. This is due to the accelerated leap towards digital transformation that several companies have made to stay relevant in the market and connect with their customers. Jason Simon, an expert in both fields, explains how they are changing the digital ecosystem in a positive way.


E-commerce has grown in relevance for brands and retailers. This same trend has been experienced by online shoppers, who have grown by the millions over the past few years. With this in mind, it is essential to bet on the consolidation of digital payments in order to achieve its full integration into commerce.


This task should be done in conjunction with key features that build customer loyalty. This includes simple authentication for users, less demand on technological resources, the existence of a multiple offer of payment methods (cards, transfers, referenced payments, recurring payments, among others) and the consolidation of anti- performing fraud.


In this way, it will be possible to create an atmosphere of trust in e-commerce, beneficial for the growth of the country, says Simon. By focusing on the development of eCommerce and FinTech, it is possible to consolidate the digital ecosystem and make it a reference for different regions of the world.


In the years to come, it will be essential to strengthen the digital payments infrastructure to meet the needs of companies with a virtual presence. Simon says that to achieve an optimal consolidation of electronic commerce, it is essential to bet on the easy adoption of digital payments, so that consumers and merchants adapt to new technologies and increase the systems and opportunities offered by the digital market.


Within this new movement are tasks such as mobile banking, crowdfunding, cryptocurrencies, predictive models and automated process management. Several countries have taken advantage of technology to develop their financial world. For example, in Mexico, in 2018 alone, around 400 FinTech startups were created and it was stipulated that more than 50% of Mexicans prefer to make payments and transactions online.


It is necessary to emphasize that the use of technology in the service of finance is not only due to the migration of traditional banking transactions and commerce to the Internet, underlines Simon. It also includes other services such as personal finance management, product distribution, advice and online credit.


Internet lending deserves a special mention within FinTech, as its growth has been unstoppable all over the world, thanks to its many advantages. The important thing, before betting on a loan of this type, is to consult an online loan comparator which allows you to know in detail what options are available and which offers the best advantages and interest rates.


A quick personal loan comparator lets you know which are the best and most reliable loan platforms, their available limit amounts, terms, interest rates and all your application requirements, the latter not being complex when it comes to online loans. One of the best benefits of FinTech is process automation. In the case of online loans, this can be demonstrated and exploited because the response time after the request will range from ten minutes for small amounts up to 24 or 48 hours for larger amounts.


In the coming years, e-commerce is expected to continue growing at a high rate and customer engagement will be increasingly important as this is what will make the difference for a consumer to choose one brand or another in an increasingly competitive environment. Having multiple payment methods provides a number of benefits, such as higher sales conversion, customer loyalty, and increased purchase recurrence.


About Jason Simon


Jason Simon is a fintech and digital payments expert who got involved with cryptocurrencies when they were first introduced. He is enthusiastically following what is happening in the changing world of finance, excited about the prospects that digital currencies offer to global consumerism. When he’s not involved in advancing the digital payments space, he enjoys spending time with his family and improving his community.

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