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Return on assets: By reducing the not-insignificant investments, profits can improve significantly through outsourcing. Personnel productivity: By concentrating on the core business, it is possible to enhance the productivity of employees. Flexibility: The use of a service provider divides the risk and reduces the losses from changing market demands or outdated facilities and equipment. Labor considerations: Delicate labor union issues of day-to-day can be avoided, though employees need to deal with employee dissatisfaction arising from outsourcing. Management and Political considerations: Outsourcing eases managing the basic business since the logistics and most distribution problems are dealt with by service providers. Information technology: The ever-increasing demand for new technologies and resources often can be met more efficiently and economically. Maturity of the Service providers: In today’s world, an integrated logistics service provider is a dynamic firm, with highly qualified employees and utilizes a winning combination of efficient techniques.

Gone are the days when banks used to conduct their business before the lobbies closed at 3:30 in the afternoon. Today’s fast paced world coupled with a demanding market place a premium on 24/7 banking services. Banks that provide round-the-clock availability of services find it  more feasible to outsource part of the customer service rather than double the number of employees. Ninety percent of new banks choose to outsource and there is high likelihood of this figure increasing in the long-term

Outsourcing is the practice of hiring workers not employed by a company to do that company's work

Outsourcing can happen on a small scale

in recent years, the term "outsourcing" has usually meant sending work overseas

Google Wallet is an NFC mobile wallet app that can be used to make 'tap to pay' payments, replace loyalty cards and as a coupon delivery, management and redemption tool