Central bank digital currencies (CBDCs) have been in the rumors since 2013, with China allegedly developing in secrecy a government-issued centralized cryptocurrency to fight off the increasingly popular Bitcoin. But it wasn’t until September 2015 when the Bank of England had publicly discussed for the first time the use of a blockchain-based central bank currency as a way to implement negative interest rates, and March 2016 when the phrase “central bank digital currency” had been coined.
AI is an extremely beneficial technology for business. Buy now pay later (BNPL) is an emerging form of e-commerce that shows exactly why this is true.
What are the most common mistakes that people make in off shore credit card processing? Did they read the terms and conditions? Have they seen any hidden fees?
The PBOC's July 2021 release of a white paper highlights potential privacy issues and the disruption of China's digital payments industry by the digital yuan.
The popularity of the SIA network is growing, as well as of its internal cryptocurrency. Where to get and how to store Siacoin – keep reading to find out.
In the past few years, Southeast Asia has become a leader in the financial revolution. As a region with a dynamic economy, Southeast Asia presents an excellent opportunity for digital payment services, such as e-wallet and internet banking solutions to prosper.
No one really knows how the SEC and Ripple case will end. But what we do know is that the ruling will have a huge impact on the future of cryptocurrencies.
India's Unified Payments Interface (UPI) is a global case study to learn about the massive benefits that Open Banking can bring to the world through convenience
Online payment platforms have changed the way we shop every day. With the help of such payment platforms, we can easily send and receive without going to the bank.
Modern payment card issuing processes can deliver many different types of cards in a fast, efficient, and secure way.
Digital currency is the future of money. It is a growing industry and one which you can invest in.
UPI has revolutionised the way Indians used to look at digital payment systems. In four years, it has surpassed Visa and MasterCard.
A payment gateway is a bridge through which we transfer our money from one account to the company account when we are buying product or service of that company. Online Payment have become part of daily lives in no time.User's not only make transaction through debit or credit cards but through numerous payment methods like UPI, Net banking and wallets
Traditional banks Vs. Neobanks
When Square, Inc. was founded in 2009, its objective was to provide an easier way for small business owners to accept credit cards from customers.
Off late, “Fintech” has been and remains to be a buzzword. It is transcending beyond traditional banking and financial services, encompassing online wallets, crypto, crowdfunding, asset management, and pretty much every other activity that includes a financial transaction. Thereby competing directly and fiercely with traditional financing giants and their methods.
Stripe launched a new way to accept payments via Payment Links recently. It's a big deal for many use-cases.
There are plenty of reasons for enterprises that work with cardholder data to care about payment card industry (PCI) compliance.
In recent years, the payments industry has been actively putting the “Less paperwork” slogan into practice. Even before the Covid-19 pandemic, process automation was going full steam ahead, but now the coronavirus seems to make it soar even higher. I spoke to Alexander Kaufher, xpate Head of AML (Anti-Money Laundering Department), to figure out how identity-verification automation is working and why electronic identification will be used for up to 90% of all applications in 5 years.
Millicent is a government-backed first-mover stablecoin. Founder Stella Dyer founded the company after growing up in the UK as a refugee from the Biafran War.
Stablecoins have become a key part of the cryptocurrency industry.
A look at the disconnected world of healthcare payments, including a convenient infographic to illustrate the issues.
This blog describes list of the top five NFC payment mobile applications, categorized for Android and non-Android users mobile users.
Even though NFC appears to be so easy and convenient, it is not without its vulnerabilities, especially in regards to security.
Lexical functional programming - jargon and naming convention. How to standardize descriptive names?
A conversation with Christophe Lassuyt, co-founder of Request Finance and a Y Combinator alumnus, about the future of crypto payments.
MobileCoin has a significantly smaller impact on our planet and uses far less energy compared to other cryptocurrencies. This is how...
What’s the right payment solution and should you build or buy?
A step-by-step guide to integrating the paytm payment gateway in React Native Apps.
A startup interview with Efe Ojadua, Co-Founder and CEO of the Nigerian Fintech company Middletrust on starting up his own business and what he learned.
Mobile payments, wallets, and digital banking have made a splash around the world over the last few years, as smartphone adoption grows and the demand for alternative e-payment options rises. According to eMarketer:
If you want to increase brand awareness and sell more cars, embrace these best practices for virtual selling.
Ensure a simple and seamless payment process · Optimize security to better identify fraudulent transactions · Implement an omnichannel payment.
India's central bank and regulatory body, RBI launched a service named 123PAY on 8th March 2022. Read on to know more.
PIP introduced its services in the Binance ecosystem, offering stablecoin-based transactions using Binance Coin (BNB) and Binance USD (BUSD).
Credit card payment processing is a game-changer in the digital landscape. These six security tips are things to consider for non profits needing payments.
In an age where our daily lives are interconnected to technological advancement, it may be time to consider using a mobile device to make payments while on the go. We live in a world operating on ease and immediate response, so it may be time to convert towards this new, innovative option.
This list will help you understand some of the most popular online payment solutions for small businesses and choose the right one!
Any business setup whether small or large will get to a point every now and then when they have to accept payments or send out the same. A small business owner usually takes this very seriously as they cannot afford to make mistakes. There are several payment tools and platforms for accepting and processing payments but not all payment processors are the right fit. Some people may be living in countries where some payment platforms are not accepted. It could also be that some of the platforms do not have the features that are needed for your small business to grow. With all these in mind, let us take a look at some incredibly useful online payment platforms for small businesses.
It is a huge task to find the right recurring payment solution for a SaaS business. But you can try freemiums and free trials to make a right decision.
Something many people cannot seem to wrap their heads around is the concept of cryptocurrencies - how are cryptocurrencies created? What makes them valuable? To understand this, let’s take a brief look back at the history of money.
System design with payments. Possible issues and follow-up questions
Consider how society has changed because of the Internet. In this article, I'll explain how the web has evolved, where it's going next, and why it's important.
Have you ever paid attention to the design of your internet browser? The better it camouflages itself, the more oblivious you become to its existence. The same analogy applies to our payment experiences too.
Secure context
This feature is available only in secure contexts (HTTPS), in some or all supporting browsers.
In this slogging thread, our tech community discussed how implementing a microchip on our hands can be an innovative option instead of our bank cards.
Mark Smargon, co-founder of Fuse.io, talks to Ishan Pandey about his personal journey into the blockchain space.
No one thought that the finance industry could be in the digital mode, as cash and coins were ruling the roost. First came the Internet banking and the real dynamics of the finance industry started changing. Peer-to-peer payment apps become the go-to-transaction way for consumers, as digital wallet solutions began making inroads in numerous customer-centric industries.
Among the current targets, Slash is appealing mainly to restaurants, retail & e-commerce (fashion, travel), luxury, and multi-payment providers.
Digital transaction methods have made our lives a lot easier, as we can complete many of our tasks sitting at home. Whether you want to recharge your phone or book a movie ticket, order food online to online shopping, you can do all of this with the help of digital transaction methods.
Surviving the Pandemic: the Top 5 Fintech Payment Trends of 2021
This article talks about the credit card economy and digital payments how the 2008 economic collapse is tied to credit card ownership and spending.
The past 12 months have seen an explosion in the digital banking (or neobank), industry, with a wave of new high-quality online banks bursting on to the market. Initially, many of these new banks were simply third-party banking apps with very limited functionality, focusing largely on students and travelers looking to save money with reduced fees.
Artificial intelligence is undoubtedly reshaping the dimensions of almost every sector around us by providing them identity verification solutions.
Using the Velo Pay API you can collect payments from your site's visitors outside the context of a Wix App like Wix Stores. The API allows you to collect a payment when triggered by any user interaction on any page.
Interview with the co-founder and CEO at Simplex regarding fiat and crypto onboarding and detection of fraud in real-time.
There is a very real possibility of the Bank of Thailand being among the first Asia-based banks to unveil a retail CBDC for use by its population and beyond.
Everybody expects bitcoin’s price to hit $100,000 eventually. Stock-to-Flow models, regression analysis, and lots of other models predict it will happen.
In an East African country, an idea that gives birth to the developing world by storm. The concept of mobile money solution was introduced in Kenya in 2007 by two mobile network operators, namely Safaricom and Vodafone.
Sending money to certain countries remains a ludicrously expensive affair. Initiating a transfer from the UAE or US to India, for example, falls into two categories. It is either extremely expensive, or inexplicably slow to do so. Innovative solutions can make a meaningful impact in this regard,
A bold re-envisioning of the fundamentals behind blockchain technology and economic theory, in this paper Chitose Nakamoto suggests a middle ground in crypto.
The e-commerce sector in the SEA region is growing rapidly. Some changes expected in the next 5 years have already occurred in 2021. According to the report by Google, Temasek and Bain & Company, there were expected to be 440 million internet users in Southeast Asia in 2021. How can online retailers participate in this digital revolution and best meet the needs of today's consumers?
There are many ways in which the world is divided up: borders, differing cultures, and even vast masses of water serve to partition the globe. Preference per region for Messenger apps is one of the less initially visible ways this is done.
In the Moosty team, we learn by doing. By building proof of concepts we learn about blockchain technology & the creation of network dynamics.
Is your business involved in any type of payment card processing? Then you need to be aware of the PCI DSS requirements. In this article, we take a closer look at some of the requirements defined by PCI DSS and show how they can be met.
In the good old days, when you wanted to grab a bite to eat, you walked into a restaurant, swiped your credit card and bon apetite. Or you made your order by phone, then paid when you pick it up. Smooth process from start to finish.
Digital wallets and tokenization have been popular among FinTechs and developers for several years.
World Mobile Group and COTI bring ADA Pay to retailers and merchants in Africa.
In the Moosty team, we learn by doing. By building proof of concepts we learn about blockchain technology & the creation of network dynamics.
It takes an average of $13 to send $200 to another country and three to five business days to complete a transaction.
Entrepreneurs, freelancers, and business owners have had to jump through hoops to accept payments from international clients. Bank transfers are fee-ridden and take days to process. PayPal has been known to freeze accounts randomly. Other payment providers simply do not work with certain countries. Providers have been known to pry deep into a person's business operations without much merit or probable cause.
When EMV card processing is discussed, one confusing usage of terminology is Online vs Offline. They mean different things in different context.
Alon Rajic is the founder of Money Transfer Comparison, Finofin. He says the biggest story of the year in UK Fintech, at least in his view is the IPO of Wise.
The full potential of in-car payment systems will be revealed in the machine-to-machine economy and a cooperative mobility ecosystem
3D Secure 2.X guarantees a security for online businesses and consumers paired with a seamless transaction experience and high conversion rate on payments.
Digital transaction methods have made our lives a lot easier, as we can complete many of our tasks sitting at home. Whether you want to recharge your phone or book a movie ticket, order food online to online shopping, you can do all of this with the help of digital transaction methods.
Digital banking has exploded in popularity this year, leading to a sharp rise in interest and increased attention from the traditional finance sector.
Real estate enterprises are recognizing the inevitable impact of blockchain technology to streamline payments and for the optimization of both commercial and re
As CTO at Altar.io, a large part of my work revolves around observing the forward-looking industry trends (including fintech trends) that affect how we create innovative products.
Now we are a few years into EMV mandates in the US, we all have one or more EMV chip cards in our wallet and have used them in stores.
When a new online merchant chooses a payment gateway, one likely narrows them down to Adyen, Braintree, PayPal, Stripe. They're indeed the most popular today, and they are all robust and easy to integrate.
This article provides you the detailed information and also acts as a guide to help the IT managers, fintech managers, management executives, stakeholders, to understand how PCI DSS compliance can be applied in their organization’s business transactions with the customers' payment card’s data.
