Payment Gateways Come to the Fore as Consumer Demand Continues to Grow - Seite 3

"The continued innovations, such as Real Time Bill and Order from Table, that Glance's mobile payment solution brings to my restaurant group provides immense value to manage rising operational costs without sacrificing exceptional service.  This is a game-changer," says Carl McCreath, President of Restaurant Operations, Steamworks Group of Companies.

This technology can also be applied to quick service restaurants, where rather than queueing up then ordering and paying at the counter, a user can simply sit down and order and pay from the table using Glance Pay and a restaurant staff member will run the food out to the user. This can be done without increasing the number of staff required at a quick serve location as staff do not need to spend time inputting orders and collecting payment at the counter.  McDonald's has recently implemented a table service feature at some of their locations.  However, Glance does not think it is practical for thousands of different restaurant brands in any given metropolitan area to each have their own app and expect users to sign up for and manage thousands of different apps.  In markets like this, Glance believes there is an opportunity for one or a few companies to aggregate this market and become a platform for the service as has occurred in other industries such as taxi, parking, and social media.

About Glance Technologies Inc. - Glance Technologies is the owner of Glance Pay and Glance PayMe, a pair of complementary smartphone payment applications that enable merchants to provide their customers with quick secure payments, digital rewards, and a better customer experience. For more information about Glance, please go to www.glance.tech.

PayPal Holdings, Inc. (NASDAQ: PYPL), fueled by a fundamental belief that having access to financial services creates opportunity, is committed to democratizing financial services and empowering people and businesses to join and thrive in the global economy. PayPal Holdings, Inc. recently announced its financial results and 2017 was a landmark year for the Company. PayPal had consistently strong and - in many cases - record-breaking results. In particular, the continued rise of mobile payments shows no signs of slowing. PayPal processed USD 155 Billion in mobile payments in 2017, a 55% increase over 2016. The move to mobile is one of the most important trends in global commerce. Consumers are spending more time on mobile and that's presented tremendous new opportunities for PayPal.  As one of the largest mobile payment platforms, PayPal continues to innovate to make shopping and managing money on mobile phones easier than ever before through innovations like Venmo and One Touch, which is used by more than 80 million consumers globally, doubled from one year ago. "Given our experience this past year, we believe our future opportunities are expansive and compelling. We are riding powerful and accelerating tailwinds created by the digitization of cash and the mass adoption of mobile devices. We are actively positioning ourselves to take full advantage of these trends, and strategically moving our business into areas where we believe these transformations are creating the strongest opportunities." said Bill Ready, PayPal Chief Operating Officer.