(PRWEB) October 29, 2014
According to Forbes.com, "Apple Pay may set off an industry reshuffling in electronic payments not seen since iTunes shook up the music industry." Companies that help facilitate -- and take advantage of -- that reshuffling will be poised to benefit from the start.
"Digital wallets are shaping up to be the way to pay in the coming years," said Joseph Ferriolo, director of Wise Business Plans, which provides individualized, custom-designed business plans for startups and expanding businesses. "While Apple Pay may very well be the heavy hitter for quite some time, someone has to help companies coordinate the switchover to a new payment processing mentality."
As the digital wallet becomes the norm, there will also be room for innovation within the market, he said.
"Small companies think fast and are hotbeds of creativity and innovation," Ferriolo said. "They can take a big-box concept and turn it into something more useful and intuitive much more quickly and efficiently."
But in order to jump into the mobile payment fray and survive, business owners need a strong plan, he said, and that's where Wise comes in.
"Anything technology-based is a market that can change in a split second," Ferriolo said. "It may seem counter-intuitive to try to plan ahead in such a mercurial field, but the fact is, looking ahead and anticipating obstacles in your oath is the surest way to sprint ahead of the competition."
Wise Business Plans (http://www.wisebusinessplans.com), staffed with professional MBA writers, researchers and financial experts, is a trusted partner for businesses across a broad spectrum of products and services. Our mission is to empower our clients to make the best possible business decisions, boost company performance and facilitate their funding success by laying the groundwork for strong businesses that excite, inspire and retain talented and exceptional employees.