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Long Money, Financial Transparency and Contactless Payments Post COVID-19
COVID-19 is str gly ffe g both dividu s nd b esses. Al gside he ec omic situati gen , he vir is ch g g pa icular c tom needs nd em ds for f c l produ s. B ks exp ienc g o of p ssu o dapt nd keep up ith expe ati s, ord sup heir clients nd provide lev t nd imely s vices.
This icle off s n ov view of ha clients – both tail nd SMEs – ly from heir b ks hese s.
Cor te clients need cheap nd “l g ” m ey
M y offl e b esses have been pu he v ge of ext lock downh ockdown nd duced op ati s. Restaur ts, ent ta men fa lities, fitness cent s m g hose h suffe d he most. For hem, he vit b k g fun i s volve round o s – ord survive nd p heir employees, hey need flexible c dit g c diti s mo h ev .
When i comes cur n c di produ s, b esses ook g for:
Prote i nd laxati h o s nd produ s hey p g for
This c come iffe n forms of c culat g c dit: o p men holid s, rate cuts, m extensi s.
Redu i up 0 of fees for s vices ha clients no g full extent ue duced urnov nd op ati s
For st ce, tail nd HoReCa no e f c l produ s s much s befo , ith heir venue own 10-40%: hey simply c ’ p he fees full mounts nd expe b ks off c diti s cor sp d g o heir b ess situati .
When i comes o new c di produ s, he ma needs of cor te clients :
A lity get o
Even if it’s mo ifficult get nd qui s pledge of p s prop ty nd sav gs, b esses ook g for cheap nd g o s – from 2 10 years, s he urnov of SMEs iffe n d tries, espec lly hose most ffe ed, might ake hile cov .
Dynamic end g c diti s
Flexible p -se of c tomizable c culati of o p men c diti s epend g he stage of b ess cov y is cruc l for m y SMEs st float. While I earn 50% of he p vio volume – I p m im rate, hen I sta earn g 70% – he p centage c ases, hen I’m back my p vio volumes – i c ases even mo , nd s . This makes ot sense for b ess ith surviv s go , nd b ks expe ed off flexible pproach.
Easy l e scor g
I is rath necessity: ith he physic br ches of b ks nd public stituti s no op at g, clients no have he op unity get ny ocuments nd statements l e. The majority of cur n lo c diti s unbearable for SMEs, bu even hose ill g g for i (beca e of he “make-or-b ak” situati ) c no provide ata he r sa i history of heir b esses nd obta o s. De fa o, b ess own s ill g provide ccess o heir p s ccounts o r ted org izati s hat he enti r sa i history c be uploaded nd fu h m ito d ur g he p men process.
Retail s seek ca nd rue glob izati of m ey
Individu clients seek g hum e pproach o heir f c l problems nd luti s o he problems ha have risen unexpe edly. These mostly volve round echnology nd ccess funds.
Speed nd cross-platform ccess s vices
Inst t r sa i s ithou bord s nd dditi obstacles imposed by b ks ead he ishlis of he tail c tom s. People ho e caugh off guard by he vir , forced be quar t ed fo ign country, faced he problem of ceiv g nd g heir funds or gett g help from friends. If you ge m ey r sf s, you migh no be ble e he funds for hile: ATMs not ork, West n Uni issues m ey ce eek. This is espec lly cruc l hen you run ou of m ey.
Mod n s mo h ev need he m ey ha flows, hich c be easily r sf d cross platforms nd ed st tly hrough vario platforms: ATMs, cards, l e p ments, c l networks, r sf s nd p2p end g. This has o ork sev swipes, un t ruptedly.
Sup nd engagemen critic situati s
M y have found hemselves nightma come life: b d ed fo ign (or home) country, ithou m ey or ith m ey hey c ’ e, ithout ork. In m y cases, gov nments ma ou of ach (or ext mely ifficult o ccess) ms of communicati nd sup , complicat g he l ady n vo situati ith ack of clarity nd fu h i . They c ta ly no provide psychologic lief.
Mos people have r he l lity nd steadfastness of f c l stituti s, nd hey ait g for communicati nd sup – both f c l nd emoti . B ks expe ed be “mo h b ks” nd fill his gap, c l g for logue nd off g flexible case-by-case pproach help. B ks nd f tBlarneyep g up ith he expe ati s clude M zo, Klarna nd Atomb k, h have se up f c l id cent s nd it tives.
C ta less nd cashless p ments
Reduc g hum t a i nd physic c ta comes s priority – d oes he need for variety of c ta less nd igit p ments, such s mo le nd QR code p ments, NFC, p g for fuel ithou leav g he car.
As mo people get cc tomed buy g h gs l e, petiti s ga st he e of cash pap or met m ey come up. In he UK, cash e fell by 60% ur g he p demic. People believe ha b ks nd f c l stituti s, ogeth ith he gov nment, should p h nd encourage he populati e l e m ey, nd ra hose h pra ic ly no e l e s vices nd he t ne ( clud g he eld ly).
F c l r spa ncy nd educati
Those h have faced he need cu gular expenses – s vices, cloth g, subscripti s – migh f d i p tty ifficult m age In imes of f c l sta lity, need em ges centr ize ll costs subscripti ists nd urn hem off/ st tly.
People ls need help ith f c l pl n g: s vices colle ata from iffe n urces of come nd expenses, prioritize nd provide dvice sav g up.
Alt native c di scor g
Some groups have been pa icularly vuln able o he ec omic situati ca ed by he p demic: students ith unstable urces of come, ork s of he ffe ed d tries. Thos eft ithou come often f d hemselves unable get o , hav g n c di history nd no bel g g groups ssisted by he gov nment.
He , new op unities open up for s vices ha c colle nd n yze ata c ate c di history nd psychologic profilbehavioroc l networks nd ny s vices ith ccumulated ata behaviour.
T sum i up
As people nd b esses o g heir best o dj t o he p demic situati , f c l needs nd em ds ls ch ge – nd o of p ssu nd expe ati s pu b ks.
Offl e b esses ha struggle survive seek mo flexible, c tomized end g c diti s, du i of fees, nd simplified ccess lo s.
When i comes tail clients, hey b ks be mo h b ks, mak g su hat hey ill f d compassi nd sup case of critic situati s. On high evel, people mo h ev need he speed of r sa i s, c ta less p ments nd enti igit izati of f c l s vices, bett navTLCte he COVID-19 orld.
Nat y Sturza is Design Di or ANGRY. lc
source https://www.financeary.com/payments/lengthy-cash-monetary-transparency-and-contactless-funds-put-up-covid-19.html
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Firestop Sealants Market Size, Analysis, Competitive Strategies and Forecasts, 2017
QY Research Groups has published its new and latest market report based on thorough research on the Firestop Sealants Market. This detailed, all-inclusive report renders an integrated approach to growth of the market along with an elaborate and accurate analysis of the complete competitive situation of this market on a United States level with the key market trends and newest technologies, being a major part in the market’s growth during the estimated period. Besides the current analytical and statistical account, the report cloaks the trends, market drivers, challenges, potential opportunities, which have an effect on the market. This market report discusses the present situation to predicted trends and aspects of the Firestop Sealants Market. Furthermore, it gives a dynamic overview and insights related to the market at both United States as well as regional scale.
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Geographically, this report splits the United States market into seven regions:
The West, Southwest, The Middle Atlantic, New England, The South, The Midwest,with sales (volume), revenue (value), market share and growth rate of Firestop Sealants in these regions, from 2012 to 2022 (forecast). United States Firestop Sealants market competition by top manufacturers/players, with Firestop Sealants sales volume, price, revenue (Million USD) and market share for each manufacturer/player; the top players including:
3M Company, Hilti, Rockwool, H. B. Fuller, Bostik (Arkema), Tremco, Everbuild (Sika AG), Specified echnologies, Fosroc (JMH Group), Pecora, Trafalgar Fire, Promat, Metacaulk (Rectorseal), Entc Nuclear Technology, Bai Yun Chemical On the basis of product, this report displays the sales volume, revenue, product price, market share and growth rate of each type, primarily split into:
Elastometric Type and Intumescent Type
On the basis on the end users/applications, this report focuses on the status and outlook for major applications/end users, sales volume, market share and growth rate of Firestop Sealants for each application, including:
Residential Building, Commercial Building, Industrial Building, Others
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Several acknowledgeable tools based on analysis have been put to use to render an in-depth evaluation of the market. The report cloaks every aspect of the United States market for Electric Vehicle. Starting from basic ground-level information to advanced market segmentation and classification depending on separate criteria. It studies the prime segments and the regional segregation of the market and assists in establishing the future of the market in the United States arena.
The report renders penetrates into the competitive landscape of the United States market industry along with major manufacturers profiled in the report. The Firestop Sealants Market is extremely competitive and regulated. Lastly, trends, plans, company profiles, business strategies, M&As, financial metrics and strategical business planning of the leading market players in the United States market of this industry have been analyzed in this study.
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