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Showing posts from January, 2020

How to Create a Robust and Legally Compliant Peer-to-Peer Payment App

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With mobile payment becoming a reality more people are choosing it for various reasons like staying card-free, promoting cashless economy and leveraging order-in-one-click technology. Peer-to-Peer payment apps (P2P) are essential to accelerate and optimize all sorts of mobile payment like sending remittances, bills splitting, trip bookings and even for expenditure management. Indeed, the financial technology gets revamped when you  build a payment application  as it allows users to pay money using peer-to-peer payment apps, mobile wallet apps, cryptocurrency platforms and m-commerce apps. It is no shocker that more than 62% of American millennials users prefer P2P mobile payments as they are fast, convenient, and secure. What is peer to peer payment App? Peer to peer or P2P payments forms a transactions that can be anything from splitting a $50 lunch bill with your colleagues to even paying for rent and gas. It is a peer to peer payment platform t...

How cashless fuel payment is dominating the fuel retail industry

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Cashless transactions and digital payments have become more prominent than ever. Its top-notch convenience, speed, and various other benefits have attracted many users and merchants across the industry verticals. . Fuel retail is one such industry that has witnessed massive impacts of cashless payments in recent years. In this article, we will discuss about the current scope and future of  cashless payments at the fuel stations . Stats suggest that users are slowly but consistently opting for cashless payment mode at the fuel stations. About 72% of the people in the UK prefer to make payments via mobile app like Apple Pay or by cards instead of cash. Similarly, around 63% of people in the UK said that they would prefer pay-at-the-pump option than to making payment to the cashier. Moreover, 76% of the people would be happy to purchase fuel of a specific brand or from specific stations if they are offered with reward points. These stats ...