Collection Agency and Credit Collection, Network Payment and Mobile Wallet Services – Supply and Spend Market Analysis by SpendEdge

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LONDON–(BUSINESS WIRE)–ExpenseEdgea global sourcing intelligence consulting firm, launched three sourcing research reports ‘financial services’ Category. To help clients understand the current supply landscape of the financial services industry, analysts have covered reports such as ‘Research Report on Sourcing Credit Collection Services and Collection Agencies’,
‘Network Payment Service Provisioning Research Report’and ‘Mobile Wallet Service Provisioning Research Report’.

Category Global Credit Collection and Collection Agency Services – Procurement Market Insights Report:

The growth of the global market for credit collection services and collection agencies can be attributed to the increased need of creditors, such as banks, to invest and focus on collections. The rise in APMs focused primarily on unsecured consumer debt has driven the growth of the credit collection services and collection agencies industry.

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Buyers in the global debt collection and collection agency services market need to identify and engage with vendors who can ensure the use of effective methods to eliminate risks of unfair treatment of clients. Buyers prefer to engage with vendors who offer jump tracking as it helps in conducting extensive research to find debtors who are no longer working or have moved to another location.

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Category Global Network Payment Services – Procurement Market Insights Report:

The growth of the global network payment services market can be attributed to the growing demand for cross-border and multi-currency banking transactions. Revenues from cross-border transactions for trade in goods and services between countries are expected to increase in the coming years, driving strong demand for network payment services.

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Buyers in this market need to identify and engage with suppliers based on their performance against a defined set of key performance indicators. KPIs are agreed upon by both supplier and buyer during contract negotiations, which include active customer accounts, payment volume and percentage of successful payments.

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Category Global Mobile Wallet Services – Purchase Market Insights Report:

The growth of the global mobile wallet services market can be attributed to the increasing demand for payment technologies such as NFC, HCE, BLE and QR codes by leading companies such as Apple Inc, Google Inc and Samsung Group. Companies have also launched NFC, tokenization, and fingerprint authentication techniques to provide users with enhanced and user-friendly experiences.

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Buyers in this market should identify and engage with vendors that offer secure transaction processes. Buyers should assess security processes after consulting with all stakeholders involved in mobile payment, including the bank, merchant, mobile network provider, and wallet service provider.

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To view our full portfolio of financial services procurement research reports, visit: https://www.spendedge.com/store/industries/financial-services

About SpendEdge

SpendEdge shares your passion for sourcing and sourcing excellence. We are a preferred procurement intelligence partner for Fortune 500 companies and other leading companies across many industries. Our strength lies in providing reliable, real-time procurement market information that helps procurement and procurement professionals make informed decisions. These innovative procurement solutions help companies transform structural capabilities, improve execution efficiency and accelerate cost savings.

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