Revolutionizing Payments with AI-Driven Dispersal Technology
In the ever-evolving landscape of digital payments, Lynkpay emerges as a game-changer. Armed with AI-powered payment dispersal technology, Lynkpay is revolutionizing how people pay for goods and services, starting with the Ground Transport Industry. This sector, valued at a staggering $359 billion globally, witnessed rapid adoption of Lynkpay's innovative solution over the past two years (2021-2023), with a presence in 40 cities, hundreds of operator clients, over 25,000 active drivers, and a remarkable $100 million in gross revenue year-to-date.
Disrupting Ground Transport and beyond
The success in the Ground Transport sector has laid a strong foundation for Lynkpay's expansion into other verticals. The company is now setting its sights on Payroll, Hospitality, and eCommerce, with advanced negotiations already underway in these sectors. Lynkpay's technology addresses the common challenges faced by both consumers and vendors across various industries, including:
Ground Transport and Hospitality: Traditionally preferring cash payments and gratuity/tipping, this sector often results in drivers losing profits from card transactions.
Payroll Processing: Dealing with data insecurity and automation inconsistencies.
eCommerce: Struggling with revenue and profit losses due to card-not-present (CNP) fraud.
“These challenges are compounded by fragmented payment solutions, differing systems across sectors, and complex cross-border payment issues. Lynkpay steps in as a solution, removing barriers, and presenting use cases for industries poised for disruption” - Lee Kerr, CEO and Founder, LynkPay
In the Ground Transport sector alone, Lynkpay forecasts a remarkable shift with a projected 55% of total global revenue in this sector being generated through online sales by 2027. The company is streamlining Payroll Automation for subcontractor-led sectors and simplifying guest payments in the Hospitality industry. Additionally, Lynkpay is making eCommerce payments easier, safer, and faster, while keeping an eye on disrupting even more sectors in the near future.
The potential for growth is enormous, with a total addressable market spanning all target industries. The UK has already witnessed a 60% increase in open banking users in 2021, showcasing the growing appetite for innovative financial solutions. The Asia-Pacific region boasts a 64% fintech adoption rate, signaling substantial growth potential on a global scale.
Final thoughts
Lynkpay's journey from revolutionizing Ground Transport to venturing into Payroll, Hospitality, eCommerce, and beyond exemplifies its commitment to reshaping the payment landscape, offering both consumers and vendors a brighter, more efficient future. As the fintech sector continues to surge, Lynkpay is undoubtedly a name to watch, leading the charge in a transformative era of payment technology.