How Glance Technologies, Inc. is innovating mobile payment
(OTCQB: GLNNF) (CSE: GET)
Have you felt it? The financial services industry is undergoing a major transformation. A new breed of tech start-ups has moved into financial services, disrupting how things are done from the inside out. And they are succeeding! You are likely using a financial mobile app already. Fintech companies are like the junior mining companies of financial services. Buying technology stocks in financial services is good diversification from mining stocks.
From mobile payment apps like Google Wallet and Apple Pay to robo-advisors like Betterment and Wealthfront gaining market share, the impetus to invest in fintech can no longer be ignored.
An increasingly cashless society demonstrates that customers demand simple, faster mobile financial services. Disruptive fund payment and transfer companies like PayPal (NASDAQ: PYPL), Square Inc. (NYSE:SQ) and PayByPhone gave customers what they want by removing inefficiencies in payment processing. PayPal created online payment. Square enabled credit card transactions on mobile devices. PayByPhone empowered drivers to pay for parking anywhere with their smartphone. PayByPhone is a Canadian success story. It was a fintech start-up based in Vancouver that was recently acquired by Volkswagen Financial Services. Investors of these successful disruptive fund payment companies have been generously rewarded.
Now, the creator of PayByPhone app has set his eyes on the restaurant industry, creating Glance Pay under Glance Technologies Inc. (OTCQB: GLNNF) (CSE:GET) to revolutionize a C$650 Billion restaurant bill payment industry. The Glance Pay app allows diners to pay their restaurant bill in seconds using their mobile phone while automatically receiving reward points. Gone are the days of waiting for the server to bring around the card machine. Restaurant owners benefit from automatic bill collection, built-in loyalty programs and turn-key in-app marketing.
The mobile phone has joined cash, debit card and credit cards as one of the four payment pillars. Large financial companies, like VISA and PayPal, have clearly seen the light in mobile payment and are continuously making acquisitions of innovative mobile payment technology companies. Glance Technologies is right there along the innovation curve.
This is a paid advertisement and is neither an offer nor recommendation to buy or sell any security. We hold no investment licenses and are thus neither licensed nor qualified to provide investment advice. The content in this report or email is not provided to any individual with a view toward their individual circumstances. westbrookradio. com is a wholly-owned subsidiary of Market IQ Media Group, Inc. (“MIQ”). MIQ has been compensated ten thousand dollars from the company direct (Glance Technologies). for GLNNF advertising and promotion. There may be other 3rd parties who may have shares in GLNNF, and may liquidate their shares which could have a negative effect on the price of the stock. This compensation constitutes a conflict of interest as to our ability to remain objective in our communication regarding the profiled company. Because of this conflict, individuals are strongly encouraged to not use this newsletter as the basis for any investment decision.
While all information is believed to be reliable, it is not guaranteed by us to be accurate. Individuals should assume that all information contained in our newsletter is not trustworthy unless verified by their own independent research. Also, because events and circumstances frequently do not occur as expected, there will likely be differences between the any predictions and actual results. Always consult a real licensed investment professional before making any investment decision. Be extremely careful, investing in securities carries a high degree of risk; you may likely lose some or all of the investment.