Chatsworth Grows in Digital Payment

In 2021, the world began its journey into the metaverse, while in the real-world innovation in digital payments accelerated. Chatsworth Securities LLC, an investment bank with expert FinTech advisors in the digital payments vertical: recruited new talent, established fresh partnerships, and channeled the new skills required to effectively advise companies in digital payments.

Chatsworth has developed a range of new engagements in the United States and Europe and has established a bridge for US companies to take market share in Europe. “We have a niche that I have not seen anywhere else in the market, to bridge: language, technical know-how, and execution skills under one umbrella,” said Marcus Magarian, Managing Director at Chatsworth. “Being able to read code, advise customers using analytical data, understanding the importance of database structures, and having worked for SaaS companies’ gives Chatsworth a great advantage” continued Mr. Magarian.

Cash payments declined by 16 percent globally in 2020, stated McKinsey in its Global payments 2021: Transformation amid turbulent undercurrents. Why all the excitement? This will accelerate the growth of digital banks led by the mobile device: P2P payments and the contactless options aka tap and pay. According to the National Retail Federation (NRF), 67% of the retailers in the United States now accept some form of contactless payment. In Europe, Visa reported that 75% of in-store payments are now contactless. As a result, people are adjusting to tapping their smartphones to make a payment or scanning a QR code to cover their bill at a restaurant. 

In 2022 Chatsworth sees further payment innovation. The adoption of digital-only banking will continue to accelerate Decentralized Finance, leveraging blockchain technology,  while becoming more mainstream as it can provide lightning-fast, cheap, and reliable payment processing services without sacrificing security. Analytical data help tell the story and show the trends, and that data taken from the payments space is digital gold to any company attempting to sell a product.