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DigiPay helps its client to become a leading FinTech firm in the Philippines

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  About We recently helped one of our clients which is a FinTech start-up company that was established in early 2019 in BGC, Taguig. They wanted to start their business in e-money, electronic payment, financial services, and all other related businesses. As per a report, the mobile payment industry in the Philippines is estimated to record a CAGR of 24.1% by the year 2025 with a total evaluation of US$ 19,816.4 million. Similarly, the mobile wallet payment segment will increase at CAGR of 24.2% during the phase of 2018-2025 in value terms. Our client was aware of this fact and that’s why wanted to establish themselves as a leading FinTech firm in the Philippines. And to achieve that, they needed a mobile wallet solution with cutting-edge features that can fulfill all their requirements. READ MORE  : DigiPay helps its client to become a leading FinTech firm in the Philippines

DigiPay creates a user-friendly e-wallet for our client in South Africa

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  About DigiPay helped its client based in South Africa to come up with their own digital payment application. In recent years, the mobile payment industry in South Africa has boomed. According to a study, it’s estimated that the mobile payment industry in South Africa is expected to record a CAGR of 12.9 % by the year 2025 with an evaluation of US$ 29,424.4 million. This was one of the biggest motivation for our client to enter this industry. Our client had a vision of making payments extremely easy and simple for the people of South Africa. We fulfilled their vision by providing them with a top-notch mobile wallet solution. An application that a common man can easily download and register without hassles. This application is also user-friendly and has an easy to understand KYC and the onboarding process. With this app, merchants can easily register themselves on the platform and begin accepting payments. This app allows merchants to manage payments and arrange change without any ...

Future of customer onboarding in banks

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  In today’s world of cut-throat competition, every interaction with the customer matters as it provides you with an opportunity to leave an everlasting impression on them. Almost all the major companies in the world believe and implement this philosophy. There are many companies that have extensively focused on customer satisfaction by offering innovative products and services. For example, Alibaba and Amazon have changed the way people shop. Similarly, WhatsApp and Facebook have changed the way we connect with people across the world. In the industry of financial services, customers are always at the centre of all key operations. Financial institutions incessantly try to improve and come up with better methods to attract and retain customers. However, it does come with its sets of challenges as customers expect the same convenience at  banks and financial institutes  that they experience with that of Amazon and Facebook. Nowadays, customers put banks and financial insti...

How to cash in with customer loyalty programs on your mobile wallets

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  Mobile wallet payment has certainly become the most preferred mode of payment for tech-savvy millennial and Gen Z. According to a report, as much as   67% of the millennial   are using mobile wallets. It’s also interesting to note that nowadays, the  applications of mobile wallets  are not only limited to making payments. With mobile wallets evolving with time, the customer’s expectations from it have also increased rapidly. This is the reason why customers want more than the speed and convenience at which mobile wallets can make their payments for medicine, coffee, or airlines tickets. Now, they desire that all their retail rewards balances, airline miles, and other loyalty point to be incorporated in their mobile wallet. This latest desire or demand of the customers is already met by some big names like Starbucks, Wyndham, and Walgreens which are offering customers with rewards for each time they make payments from their mobile wallets. More and more custome...

Digital payment frauds in the times of COVID-19 and how to fight them

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  The COVID-19 pandemic has impacted the world in an unprecedented manner. It has put breaks on most of our economical activities due to which all the businesses in the world are suffering. Other than that it has forced most of the consumers to opt for digital payments. With social distancing becoming the new normal in times of COVID-19, consumers have no option other than going for   contactless and digital modes of payments . But with this rapid increase in the use of digital payments comes the fear of digital payment frauds. It’s important to note many people were already sceptical about the  security of the digital payments  in past. And digital payment frauds are not even a new thing as we see these frauds on news very often. But now, with almost everyone using digital mediums for payment, the question arises is that if the digital payments are safe? Especially, when fraudsters and hackers have become active in times of COVID-19? In this article, we will talk ab...

Why eWallets are more popular in developing countries

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  eWallets services have been quite popular in developed countries like the US for almost the last 20 years. However, they have slowly started to gain popularity in the developing countries which are 2 decades behind the developed countries in terms of the IT infrastructure. same reasons; however, the context is different in both the cases. In this article, we will discuss how eWallets play a different role in developing economies as compared to the developed ones. We will also discuss the fact that why  contactless eWallets and mobile payments  have had greater success in developing countries. So, without any further ado, let’s start. Mobile phone compatibility Smartphones are important for a person in the US as well as for someone living in an African country. However, it won’t be wrong to say a smartphone has a greater impact on the life of the latter. It’s because nowadays, the advancements in the smartphones are bridging the gap between a laptop and a phone. So, it’s...

What is mobile money and how can it increase revenue and customer satisfaction?

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Today’s consumer demands a top-notch convenience, speed, and a wider-range of choices on how they can manage all their transactions and payments.  Such high demand from the customers coupled with cut-throat competition makes it extremely difficult for businesses to even survive. Mobile money has emerged as a perfect solution for not only banks but also for various FinTech businesses to deal with the above-mentioned issues. It has reduced the dependency on cash and has powered customers to access banking services at utmost ease. But what mobile money actually is? And how it has driven both revenue and customer experience. In this article, we are going to discuss the same. So, without any further ado, let’s start. READ MORE :   mobile money and how can it increase revenue and customer satisfaction