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Showing posts from April, 2024

Future opportunities and trends in cross border payments to boost financial inclusion

Nowadays, cross-border payments are getting a lot of attention, with multiple fintech companies entering this competitive market. Moreover, the rapidly changing technology and financial landscape has made it challenging for businesses to move or transfer money across borders efficiently, quickly, and securely. Thus, your business has to evolve to the latest opportunities and trends in cross-border payments to boost financial inclusion. Wth the arrival of new and innovative digital payment solutions , the future of cross-border payments looks promising. Plus it boosts financial inclusion at its core.  According to a study, B2B cross-border payments are estimated to grow by USD 42.7 trillion by 2026. There are several reasons for this development, which we'll explore in this guide. Let's Go! Trends in cross-border payments to boost financial inclusion Emerging cross-border FinTech solutions Partnerships between mobile operators and fintech innovators allow your business to have ...

How your business can accept payments via NFC?

  Imagine you're out shopping, and as you approach the checkout counter, you simply need to hover your smartphone or card over the payment terminal, and your transaction is complete—no need for cash, swiping, or inserting cards.  This seamless experience is made possible by Near Field Communication (NFC) technology, a game-changer in the world of digital payments. NFC is a short-range wireless communication technology that enables secure data transfer between two devices when they're nearby, typically within a few centimeters.  It's the backbone of contactless payment systems, allowing devices like smartphones, cards, and payment terminals to exchange encrypted data and complete transactions quickly and securely. Read this article to explore how your business can easily accept payments via NFC payments . Benefits of accepting NFC payments for your business Embracing NFC payments can unlock a world of advantages for your business and your customers.  Here are some co...

Features of face verification for a fast and secure identity verification process

  Face verification is an essential feature of the eKYC solution . It makes the identity verification process simple, fast, and secure with its advanced AI-powered features.  In this article, you will explore the essence of face verification and the advanced features of face verification that make the entire identity verification process f ast and secure for your customers.  Let’s begin with the essence!  Understanding the essence of face verification Face verification is an advanced form of biometric technology used to verify an individual's identity by comparing their live facial features against a reference image, such as a government-issued ID.  This cutting-edge approach offers a seamless and reliable way to authenticate your customers and so is an essential tool in your digital arsenal. The key features of face verification As you delve deeper into the world of face verification, you'll uncover a suite of innovative features that can elevate your i denti...

Which businesses should prefer a wallet as a service for their business?

  Having a robust online presence in the transformative digital world is quite an impactful factor in the success of small-scale businesses. Nevertheless, the challenges in digital wallet development can make you restless and time-consuming.  And having to decide between a digital wallet solution vs wallet as a service can only be more confusing. So, save your time, here’s the truth. For small businesses wallet as a service works the best.  Wallet as a Service offers small-scale businesses and other types of businesses a one-stop solution for creating and maintaining their online websites. In this article, you'll get to know what type of businesses should prefer wallets as a service to accept digital payments.  Let's have a look at which businesses should prefer a wallet as a service for their system. Startups or Smaller Organizations  Businesses looking to enter the digital payment world and trying to get an MVP wallet with immediate effect with a restricted b...