Have you ever transferred money through a phone or checked your bank statement using an app? If yes, then you are already a part of a multi-billion industry called FinTech. It is changing the economy globally by changing how we conduct our financial transactions. FinTech has a wide area of operations, including cashless transactions, cryptocurrencies, and AI-based financial advice. What […]
Payment companies have gone through a revolution in the past few years. From blockchain and fintech to AI and cryptocurrencies, the world of international trade is moving faster than ever. The payment industry of the future will be determined by a mobile device or a computer. This happens at home and on the go. The stores are open 24 hours […]
A forex broker is a firm that offers currency instruments for trading. There are many forex brokers available for trading, but it can be challenging for new investors to find a suitable broker. An investor needs to consider multiple factors before choosing a broker, such as the fees they charge, market coverage, regulations, history of the company, customer service, and […]
A company is considered a high risk company because of two conditions: it operates in a high risk industry and there is a risk of financial failure. Either or both of these conditions can apply. The first condition is concerned with health and safety issues and the second condition is concerned with the profitability of your business (continued profitability). However, […]
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, […]
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Charlestown, Nevis.
