Today smartphones have changed how we connect, do business and communicate. Did you know mobile wallets were the famous POS payment approach worldwide in 2020? This increase was due to the COVID-19 outbreak and consumer fear of possible virus transmission in paper banknotes. So, if you are a business owner who is not using e-wallets, you are missing a lot. […]
The landscape of payments, especially digital, is changing at a rapid pace. Every merchant running a local or a global store need to use alternative payment methods (APMs) to grow their business. These methods provide customers with more options to make a payment, reduce difficulties in payment transactions, and help new businesses localize in new countries and markets. Business owners […]
We are living in an era of internet technology that is changing our lives rapidly. As a result, both merchants and consumers have more choices than ever. Consumers can choose the merchant from which they want to buy and the method of payment. In addition, most countries are transforming themselves into digital economies, making transactions completely cashless. Credit card payments […]
Artificial intelligence is ruling the world and becoming an essential part of our lives. From business analytics to neural networks and machine learning, nothing is untouched from AI, and the financial sector is no exception. Whether we use an app or shop on a website, or simply search for something on Google, our banks and financial services track our online […]
When it comes to opening a merchant account, business owners must understand the risk category under which their business comes. Banks classify businesses under three basic risk categories- high risk, mid risk and low-risk categories. Businesses classified as high-risk merchants are the ones that have a greater risk of financial failure. For example, stockbrokers, forex, gambling industries are high-risk businesses […]
Debit cards and credit cards are used to make payments for purchases at offline and online stores. In addition to retail stores, people also use them to pay at fuel stations, coffee stalls, food outlets, cab services, etc. People use both cards, but only a few know the difference between them. A debit card is linked to your bank account, […]
Today’s e-commerce world is global in scope. Payments, transfers, and purchases often require a cross-border money exchange. Cross-border payments are defined as funds paid or received from different countries, so the place where the merchant is registered is different from the country where the customer’s card was issued. Faster, cheaper, more transparent and inclusive cross-border payments would have far-reaching benefits […]
India and China both are among the largest and most populated countries in the world. COVID-19 had adverse effects on both countries and changed many things, especially in the financial sector. Every industry suffered, but fintech companies expanded their business in both nations. Online shopping, cashless transactions, etc., gained popularity, and all this was made possible by modern fintech firms. […]
The age of internet and online shopping has made it convenient for people to know about various products. Some things were considered inappropriate or taboo to talk about before, but people can easily gather information about such stuff on the internet. One such thing is Cannabidiol or CBD, a substance derived from the Cannabis plant. Based on local laws, CBD […]
Financial technology, also known as Fintech, is one of the most exciting and booming areas in the global business world. The financial services should make use of technology to grow at speed and scale up with the present payment requirements. While the definition seems simple, the products, services, and companies that develop digital technologies in the financial sector work really […]
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