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

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

e-commerce gained greater relevance for brands and retailers. The same trend was experienced by online customers, who increased by millions over the past few years. With this in mind, it is important to invest in the consolidation of digital payments in order to achieve full integration in commerce.

This task must be done in conjunction with key functions that enable customer loyalty. This includes easy authentication for users, lower demand for technological resources, the existence of a variety of payment methods (cards, transfers, referred payments, recurring payments, among others) and the consolidation of high-performance fraud tools.

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

In the coming years, it will be key to strengthen the digital payment infrastructure to meet the needs of businesses with a virtual presence. Simon says that in order to achieve optimal consolidation of e-commerce, it is important to focus on easy adoption of digital payments, so that consumers and sellers adapt to new technologies and increase the systems and opportunities offered by the digital market.

In this new movement are tasks such as mobile banking, crowdfunding, cryptocurrencies, predictive models and automated process management. Several countries have taken advantage of the technology to grow their financial world. For example, in Mexico, in 2018 alone, around 400 FinTech startups were created and it was determined 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 financial service is not only due to the migration of traditional banking transactions and trade to the Internet, Simon points out. It is also about other services such as personal financial management, product distribution, advice and online credit.

Internet-based lending deserves a special mention in FinTech, as its growth has been unstoppable worldwide, thanks to its many advantages. The important thing, before betting on a credit of this type, is to consult an online loan comparator that lets you know in detail what the available options are and who offers the best benefits 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 the requirements for your application, the latter of which are not complex when it comes to online loans. One of the best benefits of FinTech is the automation of processes. With online loans, this can be proven and exploited because the response time after the application will vary 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 to grow at high rates and customer engagement will become increasingly important as it will be what makes the difference for a consumer to choose a brand in an increasingly competitive environment. Having multiple payment methods offers a number of benefits, such as higher sales conversion, customer loyalty and increased repeat purchases.

About Jason Simon

Jason Simon is a FinTech and digital payments expert who got involved with cryptocurrencies when they were first introduced. He enthusiastically follows what’s happening in the evolving world of finance, excited by the prospects digital currencies offer global consumerism. When he is not involved in helping advance the digital payments space, he enjoys spending time with his family and improving his community.