Economy
Startups Are Attracting More Customers With Easy Cashless Payment Options
A whopping 84% of consumers globally now consider speed and convenience as the top reasons for choosing a payment method.
The use of cash for transactions has been steadily declining worldwide. According to PwC’s report, global cashless payment volumes are projected to increase by over 80% from 2020 to 2025, reaching nearly 1.9 trillion transactions.
Nowadays, offering easy cashless payment options is no longer a perk but a necessity for startups. It allows them to cater to a tech-savvy customer base and stay competitive in the market.
Therefore, easy cashless payment options are becoming a key factor for startups to attract more customers and ensure their success in the digital age.
The Adoption of Cashless Payments
The growing popularity of cashless payments can be attributed to several key factors, and considering these factors is important for any startup that wants to focus on customer experience.
The first factor is convenience. Cashless payments offer a faster and more convenient checkout experience. With the tap of a phone or a few clicks online, customers can complete transactions without the hassle of carrying cash or fumbling with change.
The second one is security. Many cashless payment methods, like digital wallets, come with proper security features like encryption and two-factor authentication, which can be more secure than carrying physical cash.
The third factor is all about speed. Cashless transactions are significantly faster than cash transactions, particularly for small purchases. This means shorter queues and a more efficient shopping experience for both customers and businesses.
The fourth one is to promote digitalization. The increasing popularity of online shopping and e-commerce platforms has significantly contributed to the shift towards cashless payments. Cashless options are the natural payment method for these digital transactions.
The Market Size And Growth Of Cashless Payments
The global cashless payment market is experiencing phenomenal growth. According to a report by Mordor Intelligence, the market was valued at USD 6.68 trillion in 2022 and is expected to reach a staggering USD 23.39 trillion by 2027, growing at a CAGR (Compound Annual Growth Rate) of 23.4%.
The Impact of Covid-19
The COVID-19 pandemic acted as a major catalyst for the adoption of cashless payments. Concerns about physical contact and the spread of germs through cash handling led to a surge in the use of contactless payment methods like mobile wallets and digital payments. This shift in consumer behavior is expected to have a long-lasting impact on the future of payments.
Why Easy Cashless Payments Matter for Startups?
Today’s startups know that offering easy cashless payment options is no longer a luxury for startups; it’s imperative for businesses.
Millennials and Gen Z, the largest and most tech-savvy consumer demographics, overwhelmingly prefer cashless transactions. Studies show that 67% of Millennials and 44% of Gen Z prefer to use mobile wallets for in-store payments. By offering easy cashless options like Apple Pay, Google Pay, and other digital wallets, startups can tap into this vast and growing market segment.
Cashless payments simplify the checkout process, leading to a faster and more convenient customer experience. Customers can complete transactions in seconds, eliminating long lines and the hassle of carrying cash. This translates to increased customer satisfaction and loyalty, which are crucial for any startup’s success.
Studies by Baymard Institute show that a staggering 70.19%% of online shopping carts are abandoned before checkout. One of the main reasons for cart abandonment is a cumbersome or confusing checkout process. By offering easy cashless options, startups can reduce cart abandonment rates and ensure a smoother checkout experience, which ultimately leads to increased sales and revenue.
Cashless payments allow for automated and streamlined financial processes. Startups can say goodbye to manual cash handling and reconciliation, reducing errors and saving valuable time and resources.
Additionally, cashless transactions provide real-time data and insights into customer spending habits, allowing startups to make data-driven decisions and optimize their business strategies.
How Startups Can Use Easy Cashless Payment Options?
In the competitive world of startups, offering a seamless and convenient payment experience is crucial to attracting and retaining customers.
Popular Digital Wallets
Millennials and Gen Z are driving the mobile wallet revolution. Integrating popular digital wallets like Apple Pay, Google Pay, and Samsung Pay into your payment system is essential. These solutions offer a fast, secure, and contactless way for customers to pay, significantly enhancing their checkout experience.
Diverse Payment Preferences
While digital wallets are gaining traction, it’s important to offer a variety of cashless payment methods to cater to a wider customer base. This may include traditional options like credit cards, debit cards, and net banking.
Additionally, consider offering regional payment solutions that are popular in your target market to ensure maximum customer convenience.
Secure Payment Gateways
Security is paramount when dealing with financial transactions. Partnering with a reliable and secure payment gateway is essential for protecting customer data and ensuring smooth transaction processing. Look for a gateway that offers features like fraud detection, encryption, and compliance with industry security standards like PCI DSS.
Transparency is Key
Customers appreciate clarity and ease when making purchases. Make sure your website or app clearly displays all accepted payment methods with logos and any associated fees.
Additionally, provides a secure and transparent checkout process that guides customers through each step without confusion.
By implementing these strategies, startups can leverage the power of easy cashless payments to attract new customers, boost sales, and gain a competitive edge in the market.
Summing Up
As contactless payments and even cryptocurrency gain traction, staying ahead of the curve in cashless solutions is crucial. If you are interested in crypto payment then you need to stay in touch with the market using tools like everix Peak. By embracing these trends and prioritizing a seamless customer experience, startups can unlock a world of opportunity, attracting new customers, boosting sales, and establishing a strong competitive advantage in the ever-evolving marketplace.
Economy
Coronation Projects 15.95% for Nigeria’s April 2026 Inflation
By Aduragbemi Omiyale
Analysts at Coronation Research have said the inflation rate in Nigeria would be at 15.95 per cent on a year-on-year basis in April 2026 as a result of the “energy price shock stemming from the continued conflict in the Middle East, seasonal issues in regard to food prices and relative exchange rate stability.”
In a note sighted by Business Post on Friday, the research arm of the organisation further disclosed that the average price of goods and services for the month under review should rise by 2.35 per cent on a month-on-month basis versus 4.18 per cent in March 2026, reflecting continued food price firmness, offset by a cooling in the monthly inflation momentum as the March energy price shock partially unwinds.
It said the projected 2.35 per cent inflation rate signals a return toward the underlying disinflation trajectory and could be a pivotal data point in shaping Monetary Policy Committee (MPC) deliberations at the next policy meeting.
The National Bureau of Statistics (NBS) is expected to release inflation numbers for last month later today. In March 2026, the rate soared by 15.38 per cent, triggered by the war in Iran waged by the United States.
Food inflation rate in March stood at 14.31 per cent on a year-on-year basis versus 25.22 per cent in the same month of last year, but on a month-on-month basis, it slowed to 4.17 per cent from the 4.69 per cent achieved in February 2026.
This was attributed to the rate of change in the average prices of Yam, Ginger (Fresh), Cassava Tuber, Groundnuts (Shelled), Irish Potatoes, Avenger (Ogbono/Apon) – Dried Ungrinded, Tomatoes (fresh), Cassava Flour sold loose, etc, according to the stats office.
In their report, Coronation Research expects food inflation to further ease, as food and non-alcoholic beverages remain the dominant contributor to headline CPI, accounting for about 40 per cent of the CPI basket.
Economy
Unlisted Securities Market Further Suffers 0.33% Loss
By Adedapo Adesanya
The NASD Over-the-Counter (OTC) Securities Exchange further depreciated by 0.33 per cent on Wednesday, May 14, with the Unlisted Security Index (NSI) down by 13.76 points to 4,130.21 points from the previous day’s 4,143.97 points, and the market capitalisation dropping N8.23 billion to close at N2.471 trillion compared with Wednesday’s N2.479 trillion.
The unlisted securities market ended yesterday’s session with four price losers and one price gainer, led by Food Concepts Plc, which chalked up 9 Kobo to sell at N2.35 per unit, in contrast to midweek’s closing price of N2.26 per unit.
On the flip side, FrieslandCampina Wamco Plc depreciated by N1.58 to quote at N144.76 per share versus N146.34 per share, Central Securities and Clearing System (CSCS) Plc crumbled by N1.00 to trade at N71.00 per unit versus N72.00 per unit, First Trust Mortgage Bank Plc slid by 25 Kobo to N2.27 per share from N2.52 per share, and UBN Property Plc declined by 21 Kobo to N2.04 per unit from N2.25 per unit.
During the trading day, the volume of securities traded decreased by 70.2 per cent to 417,349 units from 1.4 million units, the value of securities dropped 36.9 per cent to N23.2 million from N36.8 million, and the number of deals stumbled by 13.9 per cent to 31 deals from 36 deals.
At the close of trades, Great Nigeria Insurance (GNI) Plc remained the most active stock by value on a year-to-date basis, with 3.4 billion units valued at N8.4 billion, followed by CSCS Plc with 60.7 million units exchanged for N4.1 billion, and Okitipupa Plc with 27.9 million units traded for N1.9 billion.
GNI Plc was also the most active stock by volume on a year-to-date basis, with 3.4 billion units worth N8.4 billion, followed by Resourcery Plc with 1.1 billion units sold for N415.7 million, and Infrastructure Guarantee Credit Plc with 400 million units sold for N1.2 billion.
Economy
Mobile-First Platforms Like DeFi Hash Reflect Growing Investor Interest in AI-Driven Cloud Infrastructure and Automated Digital Asset Engagement
As the cryptocurrency market enters a new phase of global growth, investor behavior is moving beyond the “buy and hold” strategy common in previous cryptocurrency cycles. Across the digital asset industry, a growing number of users are exploring AI-driven cloud infrastructure, automated computing systems, and mobile-based digital engagement models.
Industry analysts say the convergence of AI and blockchain infrastructure is becoming one of the defining trends of 2026.
With the accelerating global demand for AI computing resources, technology companies around the world are investing heavily in cloud infrastructure, data centers, and intelligent automation systems. Meanwhile, blockchain-based infrastructure platforms are increasingly positioning themselves at the intersection of decentralized finance, cloud computing, and AI-driven resource management.
Among the many emerging platforms, DeFi Hash is attracting significant attention. DeFi Hash is a mobile-centric digital infrastructure platform focused on intelligent cloud computing services and automated infrastructure engagement.
The Transition to AI-Driven Digital Infrastructure
For years, many cryptocurrency investors have relied primarily on market appreciation and speculative trading opportunities. However, the evolving market environment and the rapid development of artificial intelligence are prompting a shift towards infrastructure-centric platforms that offer alternative participation models.
Users no longer need to purchase expensive mining hardware or manage physical systems; instead, they are increasingly seeking simplified, mobile-accessible solutions for remote participation in digital infrastructure.
DeFi Hash states that its platform aims to lower traditional barriers to entry by combining cloud architecture, automation, and distributed infrastructure systems to create a seamless user experience. These platforms are accessible via mobile devices and web platforms.
According to company information, the platform has attracted over 3.5 million registered users globally.
Flexible Participation Options
To encourage new user onboarding and streamline the access process, DeFi Hash offers various infrastructure participation models and cloud-based automated contracts.
The company states that new registered users receive promotional rewards upon registration and can participate in an entry-level program designed for short-term participation.
The platform also offers various infrastructure contract categories designed to meet the needs of different participation levels.
Stable Return Contracts
Contract Range: $500 – $2,600
Estimated Daily Return: $6.25 – $36.40
Contract Duration: 7 – 15 days
Estimated Total Return: $43 – $546
Professional Profit Contracts
Contract Range: $5,000 – $15,000
Estimated Daily Return: $77.50 – $270
Contract Duration: 20 – 25 days
Estimated Total Return: $1,550 – $6,750
Advanced Long-Term Profit Contracts
Contract Range: $30,000 – $150,000
Estimated Daily Return: $570 – $3,750
Contract Duration: 30 – 45 days
Estimated Total Return: $17,100 – $168,750
The company states that users can choose one or more participation options based on their own strategies and goals.
The convergence of artificial intelligence and blockchain is expected to accelerate.
Industry insiders believe that the integration of artificial intelligence infrastructure and blockchain-based computing networks may become one of the most influential technological developments in the coming years.
With the global proliferation of artificial intelligence, the demand for scalable computing resources and automated digital infrastructure services is expected to continue to grow. Platforms integrating blockchain, cloud computing, and intelligent automation technologies will play an increasingly important role in shaping the future digital economy.
DeFi Hash states that its goal is to make cloud projects more accessible to ordinary users worldwide while continuously expanding its AI-driven infrastructure ecosystem.
For more information, please visit the company website or mobile app download page.
Official Website: https://defihash.com/
Mobile App Download: https://defihash.com/download/
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