MAYTECH
Currently, Megamind is collaborating with Fincard Holdings LLC to develop the Maytech application.
Executive Summary
Megamind is developing Maytech, an advanced, processor-agnostic, omnichannel payment application designed to enhance Valor, a leading payment solutions provider.
Maytech aims to enhance Valor's service offerings by delivering innovative tools and flexible payment solutions to merchants and reseller partners.
Project mission
Megamind is committed to developing the Maytech application with the mission of enhancing Valor's payment processing capabilities, aiming to achieve a 15% increase in market share within the rapidly growing payment processing industry.
This target aligns with the industry's projected compound annual growth rate (CAGR) of approximately 14.5% from 2025 to 2030
Marketing Oppotunities
The global payment processing solutions market is experiencing significant growth, driven by several key factors
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Rapid Market Growth: The global payment processing solutions market is projected to grow from USD 103.2 billion in 2023 to USD 160.0 billion by 2028, at a CAGR of 9.2%.
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E-commerce Expansion: The surge in online shopping is driving demand for efficient payment solutions. In the U.S., e-commerce sales reached $870.8 billion in 2021, a 14.2% increase from 2020.
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Mobile Payment Adoption: The increasing use of smartphones and digital wallets is propelling the adoption of mobile payment solutions, creating opportunities for versatile platforms
