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KrisnaPay is One of the Best Apps for Digital Payments in Indonesia
By: Tech News
Tags: Payments, iPhone, Android, Apps, Indonesia

KrisnaPay quickly became one of the best apps to make finance transactions in Indonesia.

What is KrisnaPay?

A convenient and economical tool for users in Indonesia to fill digital products and much more. It’s one of the most advanced payment apps for fast and secure Indonesia transactions in the digital world.

Standout Features:

Easy to use financial app

For users in Indonesia

Fill digital products

Economical wholesale prices at any time

Complete digital products

Price promo

Efficient bundling products

Complete payment method

Rewards you with coins every time you use it

Invite friends to get more coins

Interesting rewards

Exchange coins for attractive prizes

Uniqueness: Medium

Usefulness: High

Potential of going viral: Medium

IMPORTANT INFO

Compatibility: IOS 9.0 or later

Requires: Android 4.3 and up

Developer: Krisna Developer

App Store Download Link: KrisnaPay

Google Play Download Link: KrisnaPay
Stripe Callback Handle In Rails 6
By: Ali Mughal
Tags: Payments, Stripecallback, Rails, Stripe, Ruby

we will handle these callbacks through gem

gem 'stripe_event'

bundle install….

in your routes.rb

mount StripeEvent::Engine, at: '/your-path' # provide a custom path

now make a file stripe.rb in config/initializers/stripe.rb

# frozen_string_literal: true Stripe.api_key = ENV['STRIPE_PUBLISHALE_KEY']

StripeEvent.signing_secret = ENV['STRIPE_SIGNING_SECRET_KEY'] StripeEvent.configure do |events|

events.subscribe 'invoice.payment_failed' do |event|

#your logic

end

end

invoice.payment_failed is the call back, you can initialize any call back you want to handle.

ENV[‘STRIPE_PUBLISHALE_KEY’] = Is your stripe Api_key

ENV[‘STRIPE_SIGNING_SECRET_KEY’]= Is your Signing secret key.

now we will install stripe CLI

you can go on link or Follow these steps

sudo apt-key adv --keyserver hkp://pool.sks-keyservers.net:80 --recv-keys 379CE192D401AB61 echo "deb https://dl.bintray.com/stripe/stripe-cli-deb stable main" | sudo tee -a /etc/apt/sources.list sudo apt-get update sudo apt-get install stripe stripe login

link your stripe Account with CLI and you will receive your signing secret key

stripe listen --forward-to localhost:5000/your-path

Ready! Your webhook signing secret is '{{WEBHOOK_SIGNING_SECRET}}' (^C to quit) WEBHOOK_SIGNING_SECRET is your key.

while CLI is running you can make callback like this

stripe trigger payment_intent.created
What Is The Alternative Payment Methods In Shein?
By: Xin Laos
Tags: Payments, Shein Credit Card, Methods, Shein, Shein Customer Service

Payment Methods

There are different ways you can pay for dress orders:

1.Credit Card (VISA & MasterCard)

2.PayPal

3.Western Union

4.Wire Transfer

Paying by Credit Card

Paying by credit card is safe, easy and convenient at SheIn.com. We currently accept Visa and Master Card.

Note: SheIn.com does not store or review your credit card & personal information. As such, should any issues arise regarding your credit card transaction, please contact your credit card company for assistance. SheIn.com cannot accept any responsibility for any credit card payment issues. We currently accept credit card payments worldwide.

Shop With Us We Provide you Extra Discount

Paying with PayPal

1.With PayPal, you can send payment quickly and securely on-line.

2. Through PayPal, you can pay with credit card, debit card, or bank account balance.

3. Once your order is submitted, you will be redirected to PayPal’s site where you could make the payment. Advantages with using PayPal:

Payment is traceable. You can trace the status of your payment using your PayPal account.

Payment does not require you to use your credit card online (you can transfer directly from your bank account). SheIn.com doesn’t see your credit card number (it is safely encrypted through PayPal’s server), which limits the risk of unauthorized use.

Paying with Western Union:

We are also happy to accept Western Union payment in USD, EUR, GBP currency for most orders.

Please refer to the following payment information to know more:

Make Pay able To:

First Name : Xiurong

Last Name : Gu

Address : Room 703, Xianfeng Plaza, Nanjing, Jiangsu Province, China

Zip Code : 210007

City : Nanjing

Country : China

Note: Please inform us via online chat or submit tickets with your ORDER NUMBER, WESTERN UNION CONTROL NUMBER, ORDER AMOUNT, FIRST and LAST NAME, STATE AND COUNTRY after you send payment through Western Union.

Paying with Wire Transfer:

We are also happy to accept Wire Transfer payment in USD,EUR,GBP currency for most orders.

For Wire Transfer payments

Bank Name: CHINA EVERBRIGHT BANK

Subbranch: Nanjing Branch

SWIFT Code: EVERCNBJNJ1

Account Number: 6226682001374255

Account Name: GU XIURONG

Account Address: Yudaojie NO.30,45 Building 101, Nanjing,Jiangsu,China

Note: Please inform us via online chat or submit tickets with YOUR ORDER NUMBER, AMOUNT, SENDER’S FIRST AND LAST NAME, SENDER’S COUNTRY, SENDER’S PHONE NUMBER AND TRANSACTION ID after you send payment through Wire transfer.

Read More About Payment Method Or Unable to Use Credit Card on Shein.
How remittance improve people’s life
Tags: Remittances, Money Transfer Services, Payments

Remittance is a considerable source to influence the national economy. As the growing volume of remittance earnings has a positive impact on income, growth, and poverty reduction, the potential contribution for improving the quality of life of the domestic people needs to be investigated.

In June this year, a new report released by the International Fund for Agricultural Development showed that there are currently more than 200 million overseas workers in the world to support their 800 million families living in developing countries, and 100 countries receive more than US$100 million in remittances each year. , India, China, and the Philippines are the top 3 remittance inflow countries.

However, no country is as highly dependent on remittances as Nepal. In 2016, Nepal’s overseas remittances totaled 6.276 billion U.S. dollars, accounting for 32% of the country’s GDP, the highest in the world.

So, do you know how important remittance is to some countries now? Remittance can improve people’s life, that’s why so many people work overseas every year.

Remittance improves every aspect of life. Such as education, healthcare, accommodation, and so on. Because most overseas workers are from developing or underdeveloped countries, it is barely hard for them to get a well-paid job in their own country, so you can imagine that if they can’t get jobs overseas, they don’t have an income, how could life become better?

Nowadays, remittance methods are becoming smarter and smarter. Traditional remittances such as bank and draft are not the first choice anymore. Online money transfer takes an important position in the remittance market. Epay global payment believes that the remittance industry has a crucial role to play in creating financial inclusion and extending secure and legally licensed money transfer channels to global audiences. We are committed to delivering superior customer service to the widest possible global audience at competitive fees, immigrant workers can send more money home every month.
It’s time to EVOLVE
Tags: Payments, Crypto, Defi

Have you ever thought, ‘I adore this show, so I need to be at home at 18.00 exactly to see the next episode!’. Have you ever thought, ‘I hate these endless coins, what if we paid with one tiny thing’? Can you imagine how much has the world changed since such thoughts appeared in your head?

We can watch anything, anywhere, anytime. We can keep a favorite ‘Friends’ episode in our hands. We can buy online and pay with a card, again, anything, anywhere, anytime. It’s unbelievable, but it’s time to take the next step!

PayPolitan is such a step. Our main goal is to make people’s lives much more convenient by creating an app, which allows them to pay faster and cheaper than we are used to.

We also want to make payments highly secure by transforming any transaction into a smart contract. Our payment solution will support both cryptocurrencies, and common currencies (fiat) like euros, dollars, yen, etc. called fiat currencies. The end customer will also profit from a much faster refund process.

Join us now!

Links

Web: https://paypolitan.io

Twitter: https://twitter.com/paypolitan

Telegram community: https://t.me/paypolitan_chat

Telegram news: https://t.me/paypolitan_ann

Discord: https://discord.gg/nShrBZfeJd
Cash
By: Pradeep Vemulakonda
Tags: Payments, Npp

Lets go through how cash works in Australia

Money has value because people trust that it has value today and will continue having value in the future.

Currency is a physical form of money, while deposits held in accounts with a financial institution are a digital form of money and comprise the greatest share of money in a modern economy[1]

Photo by Melissa Walker Horn on Unsplash

100 Trillion dollar note : Reserve Bank of Zimbabwe, Public domain, via Wikimedia Commons

The Australian Cash Distribution & Exchange System (ACDES) provides rules for the exchange and distribution of wholesale cash.

ACDES members own and manage their own cash reserves. Working closely with the Reserve Bank of Australia and the Royal Australian Mint, they largely supply the community with the notes and coins needed to carry out daily economic activity.
Payments in Australia
By: Pradeep Vemulakonda
Tags: Payments, Npp

Photo by v2osk on Unsplash

We came a long way from barter system where people exchanged goods and services to other goods and services. In the barter system the intrinsic value of the good/service depends on the need of the other person who is interested in the barter.

And then came monetary system based on precious commodities like spices and precious metals(gold and silver).

We moved on from there to coins and paper currency where the medium of exchange is money and goods and services can be purchased with the currency.

Now we are in the era of fiat money where the value of currency is based on perception rather than any backing commodity or goods.

Now coming back to payments, from Wikipedia the definition is

A payment is the voluntary tender of money or its equivalent or of things of value by one party (such as a person or company) to another in exchange for goods, or services provided by them, or to fulfil a legal obligation.

In the 21st century, currency is no more used in terms of bank notes or currency coins. The currency exists in data storage in computer systems within the financial institution networks across the world.

Banks are pretty good in terms of how they manage these numbers and how secure they keep the information. Redundancy is built in all bank systems and you can bank on them to keep your money safe.

So, now we had established that money is just some numbers that the bank manages for you securely, what about payments.

This is where Payment Systems comes into play. There are multiple payment systems in the world and they change according to their local governments rule and regulations.

We in Australia have a very good banking system which is highly regulated and secure.

Lets look at the different payment systems we Australians use

Cash: Cash is king, only if you want to carry a ton of that for purchases or a lot of coins in your coin pouch. Australians tend to use cash for low value payments and its usage is decreasing consistently.

Non Cash Payments: The bulk of payments in Australia are Non Cash and involves varied payment systems. Some of them are
Product development roadmap: up-dating our solution to Ethereum 2.0 and adding new features
Tags: Payments, Crypto, Defi, Blockchain

Paypolitan is releasing its updated product roadmap. It is also containing new features like the credit button and the “earn back” feature.

What is the credit button? During the past months, Paypolitan has been approached by a major peer-to-peer loan platform and we decided it makes sense to add a functionality that allows our app users to pay with an instant credit (provided by this partner platform). When paying for example in a shop for a new laptop, at the payment terminal, instead of selecting one of your bank accounts you can choose to pay by credit…instantly.

The second add on is the “earn back” feature which is an innovative initiative: every user that is using our app for payments will get a part of the paid amount back as a credit he can freely use.

Regarding our first app release, our IT team rescheduled the release for February 2021. It is more prudent than January as the Ethereum 2.0 up-date is creating some technical and performance challenges to our solution and the whole Ethereum eco-system.



Up-Date of our architecture is our aim for the fourth quarter of 2020. Then we focus on the launch of version 1.0 of our app in Q1 2021. The launch of app version 1.1 adding the IBAN payment solution, the heart of our technology, is our task for the second quarter of 2021. In third and fourth quarters we are going to release version 1.3 and 1.4 of our app adding the credit feature and a white label solution. Finally, we are planning to get the E-money license in Q2 2022. The process of obtaining a license is very long, at least a year, and we are filling for it from early 2021.



✔️(Q4 2020) Up-Date Architecture:



-Trouble shooting

-Prepare Ethereum 2.0 update



✔️(Q1 2021) App Launch Version 1.0:



— first version of the app starting with:

— wallet



And then adding:



— Yield farming

— Staking

— Apple App store and Google Play release



✔️(Q2/Q3 2021) Launch Version 1.1:



— Implementation of PSD2 compliant IBAN payments

— Encrypting

— One shot payments

— Recurrent payments

— Sandbox testing

— Create SDK

— Connect to appr. 200 open banking API’s

— Credit tool: Instant credit



✔️(Q3 2021) Launch Version 1.3:



— Build modular white label solution

— Earn Back Function v 1.2



✔️(Q4 2021) Launch Version 1.4:



— Add payments with crypto wallets

— Implement connections to external wallets

— Virtual OTC



On the merchant side, some features will come up with this:



— Merchant receives crypto

— Merchant receives fiat



✔️(Q2 2022) E-money license:



— Cover transactions of payment

— Compliance transaction data storage

— Encrypting

— Approval by financial supervision

The roadmap and the dates are indications and might be adjusted without further notice if needed.

Links

Web: https://paypolitan.io

Twitter: https://twitter.com/paypolitan

Telegram community: https://t.me/paypolitan_chat

Telegram news: https://t.me/paypolitan_ann

Discord: https://discord.gg/nShrBZfeJd
“I would rather do business with the likes of Paytm and PhonePe than with Banks”
By: Idfy Editorial
Tags: Payments, Small Business, Ecommerce, India

More than just a business

Sagar Bhatia, a 42 year old businessman, named his shop ‘Emotion’ when he opened it in 2005. “Back then, we were the first gift shop in this area and people used to flock the store during festivals and happy occasions. For me, this has always been more than just a business and hence I named the shop Emotion”.

A few years down the line Sagar realised that gifting and decor alone cannot promise both steady revenue and high margins. This led to a slight shift in the business and they started selling groceries and other essentials as well.

“It was the 2009 recession that hit my other business (transport service) really hard and the shop had to suffer too. More than a decade later, I’m still financially recovering from that slump.”

Let down by Banks

For his business, Sagar did need working capital from time to time for which he turned towards banks or private lenders. His experience with either of them hasn’t been great and he feels that banks in particular fail to recognise the potential and vision of a business person.

“Everyone goes through financial ups and downs in their life and during my difficult phase only friends and family stood by me. I tried very hard to get a business loan but none of the banks approved.”

Sagar claims to have all the necessary documents and papers to prove ownership of the shop and also files taxes. He had a solid plan to get his business flourishing but the lack of capital prevented him from dreaming big. He feels it is different with the new age companies and thinks they understand business better.

His trust in technology

His positive experience with payments and e-commerce companies makes him believe in them. While any business partnership has profit at its centre, new age internet companies understand the marriage between technology and business, Sagar feels. Their customer centricity also impresses him. He has read several articles of their plans in helping small businesses in India.

“I accept payments via Paytm, PhonePe, Google Pay and UPI. Never faced any issue and love how easy their interface is. I wouldn’t think twice before doing business with them.”

If these payment companies were to disburse small loans, Sagar Bhatia would definitely apply for one. His only condition is that the process shouldn’t be cumbersome and interest comparable to market standards.

Sagar believes digital is the future and wants to embrace the channel before becoming outdated. He thinks the younger generation is more comfortable buying online and businesses that do not adapt will perish sooner rather than later.
Memperkenalkan Xfers Dash untuk bisnis Indonesia & Singapura
By: Darren Fong
Tags: Payments, Payment Gateway, Indonesia, Xfers, Financial Services

Learn more. Medium is an open platform where 170 million readers come to find insightful and dynamic thinking. Here, expert and undiscovered voices alike dive into the heart of any topic and bring new ideas to the surface. Learn more

Make Medium yours. Follow the writers, publications, and topics that matter to you, and you’ll see them on your homepage and in your inbox. Explore
New in Request Invoicing: Support for FTM, RDN, INDA and improved UI
Tags: Payments, Cryptocurrency, Invoice, Crypto, Blockchain

Hello Request enthusiasts,

Happy holidays! We wish you all health and success as we approach the end of 2020 and the start of a new year.

In the last few months over $500,000 worth of cryptocurrency has been processed through Request Invoicing.

An obvious trend is that five currencies were the most used: DAI, USDC, USDT, ETH and BTC. We’ve taken this feedback into account and updated the currency selection UI* to make it easier to select these tokens to get paid in.

*Don’t worry, the other tokens are still via the dropdown menu at the end of the list.

Speaking of other tokens, we are happy to announce that we now support $FTM, $INDA and $RDN. As the adoption of cryptocurrency as a means of payment continues to grow, we look forward to supporting many new currencies in the future.

Is there a token you’d like to get paid in that is not currently available? Let us know at hello@request.network.

Also in this release:

🔢 Added the invoice number to the dashboard view

📧 Improved the email update flow

💬 Updated the copy and messaging

📛 Changed the PDF receipts file name

🔥 18 bug fixes and performance updates

Ready to start getting paid in cryptocurrency? Sign up for Request Invoicing here.

Now is better than ever before to take advantage of cryptocurrency for your business. Still on the fence? Grab a time in my calendar and let’s chat.
Top 7 Digital Payment System Providers in South Africa
By: Richard Ananth
Tags: Payments, Payment Gateway, Mobile Wallets, Digital Wallet, Wallet

Top 7 Digital Payment System Providers in South Africa

The Conventional way of payment experience has just considered as another customer touchpoint. But the evolution of technology has proved that digital payments are bringing a ton of opportunities for businesses to grow faster and more efficiently. A Virtual wallet which was once a new term now has become a common term in the fintech fraternity. The digital wallet will efficiently make users load, send & receive money, access cash across debit/credit accounts, booking events, and much more. According to MarketsAndMarkets, the global E-Wallet solution market size is expected to grow from USD 79.3 billion in 2020 to USD 154.1 billion by 2025 at a compound annual growth rate( CAGR) of 14.2%. So it became evident that the digital payment system has significantly created an impact across all business verticals from the local vendors to the big enterprise.

Africa is the last frontier of untapped global growth. The continent provides huge market potential which makes it evident for the fintech innovators to get into action. Digital innovation already started to expand in the continent with the number of active technology hubs started doubling over the years.

Here I will list out the top 7 robust digital payment system providers in South Africa:

#1 R Pay Wallet:

R Pay wallet, a white-labeled e-Wallet platform launched by Roamsoft Technologies aims to enable the African fintech community to make reliable and seamless payments via a digital wallet app. It enriches all your business needs across B2B, B2C, C2B, C2C enabling the customer to pay and collect bills, money transfer via phone number & QR Code, recharge, add money, book events, promotions and etc…

Founded: 2009

#2 Digipay:

A Customized digital wallet application provider that focuses on deploying a robust and reliable payment system. They offer their services across agency banking, fintech, retail, and transport companies.

Founded: 2019

#3 Velmie:

Velmie is an extensive white-labeled digital wallet solution provider with a different set of payment facilities. They have designed their e-Wallet application in a most demandable and with integrated payment facilities catering across the African market.

Founded: 2010
How to make money online for free 2021
Tags: Payments, Xxx Video, Earn Money Online, Earnings, Make Money Online

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An instance of how the Saver’s Credit score works

This is an instance of how this works. As an instance that you just and your partner file a joint tax return, and your mixed AGI for the 2021 tax yr is $60,000. This places you within the 10% Saver’s Credit score vary. Should you ever contribute $2,000 to retirement accounts for the yr, your credit score can be 10% or $4,000, or $400.

Free cash to save lots of for retirement

It is robust to overstate how nice a tax break that is. The Saver’s Credit score is actually free cash to save lots of for retirement. And it is essential to say that that is along with the opposite tax benefits of retirement financial savings. For instance, should you contribute to a conventional IRA, you may nonetheless deduct your contributions out of your taxable earnings and benefit from the Saver’s Credit score. Should you qualify, it is a no-brainer for individuals who need to retire with monetary safety.

The $16,728 Social Safety bonus most retirees fully overlook

Should you’re like most Individuals, you are just a few years (or extra) behind in your retirement financial savings. However a handful of little-known “Social Safety secrets and techniques” might assist guarantee a lift in your retirement earnings. For instance, one straightforward trick might pay you as a lot as $16,728 extra… every year! When you learn to maximize your Social Safety advantages, we expect you could possibly retire confidently with the peace of thoughts we’re all after. Merely click on right here to find the best way to study extra about these methods.
bridge21: December 21, 2020 weekly update
By: Will Madden
Tags: Payments, Remittances, Mexico, Blockchain, Bitcoin

bridge21: December 21, 2020 weekly update

USD:MXN plummeted below 20:1 as Mexico announced a surprise “reprieve” on law requiring Banxico to buy US Dollars that they had just announced the prior week.

The USD:MXN rate plummeted from over 20:20 MXN to 1 USD to the 19:1 range on this news, as politics in Mexico has a destabilizing effect on the Peso. Today, the rate surged to nearly 20.6 MXN to 1 USD, before plummeting to below 20:1 levels.

We still think the trend is up short-term, but expect “surprises” from insiders and lawmakers in Mexico as their unpredictable policy changes impact currency markets and destabilize the Peso.

Bitcoin breaks through to new all-time highs!

We expect higher prices from here!

Longer-term USD:MXN rate forecast

Our long-term forecast is still higher for the USD:MXN exchange rate.

Happy Holidays everyone!

Best regards,

Will

The content in this article is for informational purposes only. You should not construe any such information or other material as legal, tax, investment, financial, or other advice. While we took care to share correct information from reputable sources, bridge21 cannot guarantee the accuracy or timeliness of the information.
The powers that be, after enticing us with short-form ideas, made a change to the program two days…
By: Melinda Crow
Tags: Payments, Earnings, Writing, Ideas

The powers that be, after enticing us with short-form ideas, made a change to the program two days ago that strips away the money (pennies) some of us were making on these posts. They began truncating at around 30ish words, all posts under 150 words, and adding the “Read more” link.

We have the option to avoid the truncation by opting out of the payment plan entirely. So what you see here at the moment is a mish-mash of stories written before the change, stories in their entirety that are not behind the paywall, and the truncated ones where the writer is hoping you will still click the magic button so they get paid.

Two days ago, the properly formatted stories of 150 words or less flowed down this page seamlessly, allowing the reader to skip the clicking and simply enjoy some interesting short reads.
Stripe Invalid Redirect Url
Tags: Payments, Payment Gateway, Angular, React, Stripe

Stripe Invalid Redirect Url

You received the following errors for a Stripe Connect implementation that I built out.

1.

2.

{

"error": "invalid_redirect_uri",

"error_description": "Invalid redirect URI 'https://localhost:3000/stripe-connect'. Ensure this uri exactly matches one of the uris specified in your application settings",

"state": null

}

This error indicates that you are explicitly telling Stripe to redirect to a specific URL and that URL is not in the list of whitelisted redirect URLs in your platform settings

If you have multiple redirect URLs, you would explicitly tell Stripe where to send the user back by adding an extra GET parameter with the name redirect_uri. You must be setting this at the moment and that URL does not exactly match one of the URLs in your settings so Stripe is returning an error.

You need to double check the URLs you've set in Stripe and make sure that you use one from the list or add a new one to the list.

When you redirect your user to Stripe, you send them to a URL that looks like this:

https://connect.stripe.com/oauth/authorize?state=[STATE]&scope=read_only&response_type=code&approval_prompt=auto&redirect_uri=http%3A%2F%2Fwww.examplewebsite.com%2Fstripe-callback

We must need to encode redirect_uri in this link then after it will work , otherwise if we put

http://www.example.com/stripe-callback then it will wont work

After running that, when you click on the generated Authorization URL, it direct to the Stripe Connect form instead of a blank page with that “No application matches the supplied client identifier” error.
How to pay at major brands with your Coinbase Wallet and Bidali
By: Eric Kryski
Tags: Payments, Cryptocurrency, Stable Coin, Ethereum, Blockchain

There isn’t a day that goes by that I am still frustrated by how hard and inaccessible finance is. While we’ve had modern digital banking and e-commerce for 20+ years, it is incredibly frustrating that there are still so many people around the world that can’t access a bank account or even buy online.

This is the promise of what Bitcoin created — permissionless open, global banking. That cryptocurrency could enable trustless, peer-to-peer payments. An extraordinary concept that could lift millions out of poverty, close wealth gaps, and increase the GDP of the world.

While transferring value peer-to-peer has been possible for a while, it’s usually when someone receives their first cryptocurrency they ask, “what can I do with it?”. For a long time, outside of speculation, the reality has been “not much”. And even recently when we’ve started to see cryptocurrency going more mainstream, it hasn’t been cost effective or necessarily a delightful experience.

At Bidali, it’s been our main goal to change that. To make it as easy to send money as it is to send a photo. As a result, we’ve been working really hard over the last few years to enable people to convert one store of value to another seamlessly and spend at brands they really care about.

At first, that started with just a handful of businesses, but we’ve now since expanded to enabling people to buy gift cards, mobile phone and data plans, and even pay bills at over 2,000 business across the entire world. 🌎
Payment Processing Solutions Market Size Worth $98.01 Billion By 2027
By: Gaurav Shah
Tags: Payments, Internet of Things, PayPal, Machine Learning

The global payment processing solutions market size is expected to reach USD 98.01 billion by 2027, registering a CAGR of 14.5% from 2020 to 2027, according to a new report by Grand View Research, Inc. The market growth can be attributed to the emergence of digital technology and customers’ demand for immediacy of transactions. The customers are looking for faster and convenient money transfer options, thereby driving the adoption of payment processing solutions.

Technologies such as the Internet of Things (IoT), machine learning, and Artificial Intelligence (AI) are all finding their way into numerous industries in order to streamline and simplify process of transactions. Machine learning can automatically recognize patterns across large volumes of transactions to quickly identify fraudulent activities. Moreover, artificial intelligence offers the ability to personalize the customer experience and enhance customer service.

Machine learning integrated processing solutions are used for the authorization of money transfer patterns and transaction monitoring. Machine learning tools enable FinTech companies to accurately process this data to decrease costs, meet customer needs, and better allocate resources. Furthermore, these solutions allow businesses to provide better customer services to their customers.

Service providers are focusing on leveraging IoT into their payment processing solutions. They enable money transfer through connected voice assistants and smart TVs. These services are allowing customers to pay when, where, and how they want to pay.

Click the link below:

https://www.grandviewresearch.com/industry-analysis/payment-processing-solutions-market

Further key findings from the report suggest:
White Label in FinTech: Merchant Payments Gateway
Tags: Payments, Payment Gateway, Payment Systems, Fintech, Payment Solutions

We talked about White Label services and their benefits for financial businesses, or for businesses that would like to expand their product line with FinTech products.

White Label platform provides products or services that can be sold under another company’s brand. Therefore, the product or service will appear to your customers as your own, while, in fact, it is provided by a White Label platform behind the scenes. It allows companies to focus on their business growth while the platform provides a full technological solution.

Crassula, a White Label FinTech platform, offers two products for its customers: Core Banking and Merchant Payments. The features and benefits of Crassula Core Banking platform were discussed in our previous blog post. Today, we will talk about the Crassula Merchant Payments product.

Who will find the Merchant Payments Gateway relevant?

First of all, anyone who would like to set up an eCommerce product and start processing payments. Crassula allows building a global payments gateway within days. How can various companies use Crassula’s Merchant Payments product?

PSPs and Payment Facilitators: Crassula’s cloud software solution enables you to provide your payment services to merchants securely, cost-efficiently and flexibly, starting with supporting payments for a simple online store to building complex solutions with subscriptions, virtual currencies, and more.

Banks: Banks that would like to launch a merchant payments product line can start offering acquiring services to their existing customers and attract a whole new segment of customers. With technology-rich, flexible, and secure Merchant Payments Solution, your bank will be able to innovate.

Acquirers: If your customers are PSPs and Facilitators or you are holding a license with Visa, Mastercard, or other IPS, Crassula White Label PSP product is here to support you with technologies enabling the merchant onboarding process, settlements control, Chargeback management, multi-level technical APIs and much more.

What’s included in the Merchant Payments product?

Administrative panel. Set fees, control roles, configure gateways and routings, build anti-fraud rules, and more.

Merchant interfaces. Your merchants can manage projects, subscriptions, transactions, chargebacks, payouts, and much more.

Checkout & REST APIs. Allow merchants to implement payment forms in a way they see it. Offer selection between integration with a few lines of code or full customization.

And don’t be afraid of having a generic product: Crassula has over 40 integrations, allowing you to mix and match, and create a product that is uniquely yours. The system can be up and running within 48 hours.

Whether you’re running an e-commerce store, a subscription service, or just need to get paid once in a while, Crassula’s eCommerce tools help you create the best experience for your client.

Visit https://crassula.io/ to learn more about which product suits you best.

Would you like to launch with Crassula? Please fill in the form https://forms.gle/8EJhgYTufrkFbP2M7
Banking as a service without being a Bank — Stripe`s Treasury
By: Efi Pylarinou
Tags: Payments, Baas, Fintech, Stripe, API

I rarely write multiple blogs about one company. Stripe is an exception. Over the past few months, I wrote about their aggressive investment activates and their innovation stack, and now about one of their latest offerings, the Stripe Treasury.

Stripe’s mission is to increase the GDP of the internet by making it easy to launch and run an online business.

Stripe has had a developer focus in payments and the Collison brothers, John and Patrick, insist that they will not be seeking a banking license, unlike several other grown-up Fintechs. The word in the market is that Stripe maybe raising more money taking its valuation from $36billion to $70billion.

Stripe Treasury, is its Banking as a service (Baas) offering for internet businesses and most appealing for marketplaces.

A merchant Baas offering without being a Bank!

In practical terms, the Stripe Treasury API allows for a seamless business account opening at any of its Bank partners. Stripe has started with Goldman Sachs and Evolve Bank (both FDIC insured) as its US bank partners and Citibank and Barclays for abroad. This means that Stripe enables a small merchant, any type of individual entrepreneur to benefit from the UX and value-add of a digital-first account opening and more. On the other end, Stripe`s bank partners benefit from a minimal customer acquisition cost and access to an overlooked by the incumbents market segment.

The value proposition of the new Stripe Treasury API goes beyond just empowering directly individual businesses or small businesses. The Shopify Balance offering from the Canadian e-commerce giant, reveals the potential of the Stripe Treasury Baas offering.

Shopify Balance will be a new business offering for Shopify merchants and it is powered by the Stripe Treasury Baas offering. The Shopify Balance offers merchants a bank account at Evolve Bancorp, a card, and a rewards program. This goes beyond the existing partnership of Stripe with Shopify, for payments processing. It means immediate access to revenue earned, which can be spent via the card or transferred.

The Shopify Balance business offering is a scalable solution for Shopify to offer financial services to its merchants.

As Ben Thomson founder of Stratechery says, Stripe isn’t simply a platform, it is a platform for platforms.

Let’s monitor the network effects of the Stripe Treasury offering.

As of now, Enlyft reports that Stripe has about 44k companies using its services and 5.8% of the online payments market. The majority of companies using Stripe are small companies with revenues below $50mil (78%). 5% are large (>$1000M) and 11% are medium-sized. Currently, most of Stripe`s clients (top three industries) are in computer software, retail, and non-profit organizations.

Stripe customers

📌 Web: https://efipylarinou.com/

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Building exactly what you need: welcome Brandit
Tags: Payments, Cryptocurrency, Ecommerce, Marketing, Branding

The world has been making payments in very much the same way since the late 19th century. The first wire transfer was performed by Western Union in 1872, via telegraph. The technology has evolved, evidently, but the basic methodology hasn’t.

Payments are an analog medium in a digital world.

Utrust wants to change this. And when you are a company that’s dedicated to changing the way the world does something with a centuries-long history, you need like-minded partners.

Welcome our new technology partner, Brandit

Brandit is a group of immensely talented individuals that have a service as diverse as it is qualified. They will create unique branding and marketing solutions for you whether you’re a band, an individual or a company. They will create websites, apps, and if you have a musical side-gig, they will even produce your album for you.

Brandit has a remarkable skillset, and boast the client portfolio to back it up. Anyone from Coca-Cola to Real Madrid, from BMW to Bosch, from Barclays to Deloitte. They have all found themselves in need of Brandit’s expertise at some point or another.

Custom solutions for a world of individuals

And that’s exactly why Brandit is the ideal partner for Utrust. One of Utrust’s core values is community, and we make it a point to present every one of our merchants and customers with the exact solution they need for their business.

This goes beyond just making payments through our service.

We want to bring digital currencies to your business, whether it’s big or small, in whichever way you like, and we are bringing in the best in the business to do it.

We want to create the solution you need

So if you are running a large business, and you want to use digital currencies for purposes other than simply accepting payments via your webstore, now is the time to get in touch. We will build whatever solution you need, on whatever platform you desire.

And now, as Brandit continues their good work with their own clients, Utrust will feature prominently as a premiere payment platform.

We are bringing the future to you.
Are you an investor? It’s maybe time for you to build your puzzle!
By: Michael Lawal
Tags: Payments, Finance, Remittances, Financial Services, Immigration

Sendit.Money is a mobile money transfer platform and a leading expert in the financial industry, providing a fair exchange rate, low commission fee, the security of funds, and a fast pay-out.

We have conducted a feasibility study about consumers in Nigeria and the United Kingdom. We have found out that there are incompatible currencies and a high exchange rate & transfer fee. Hence, we want to bring a difference and a better customer experience.

Our company aim is to create a future where all African immigrants could easily send and receive money to/ from their loved ones worldwide. Our target is to create a financial inclusion platform for underrepresented and underprivileged communities across the world allowing them to have the financial resources needed and gain access to the global financial markets.

Just like a puzzle, we are looking for any type of investor to invest, generate incomes with us, and build a doable business together.

Are you an investor? It’s maybe time for you to build your puzzle!

Link bellow 👇👇👇

https://crowdmapper.azurewebsites.net/public/0YuMiEee
What exactly can Epay do?
Tags: Payments, Remittances

A secure, fast, and low-cost cross-border money transfer platform

ThưTrang “I am a Vietnamese working in South Korea, and I need to send money home every month. It costs more fees and spends a long time to send money home through banks. By chance, I learned about Epay on Facebook and tried to make a small remittance. It supports both bank card transfers and cash deposits at ATMs. The price is 3 times cheaper than banks, and my family can receive the money on the same day, which is amazing!”

Cooperated with more than 400 banks around the world, Epay aims to build a one-stop remittance platform to provide convenient and affordable money transfer services for millions of people who study, travel, do business, and work abroad. Simplifying the whole process, funds can arrive on the same day and the fee starts at $3.

Make bulk payment with multi-currency and multi-channel

Mr.Lin “I’m an international live broadcast platform operator, this platform enables us to reach worldwide customers. They receive the platform coins as remuneration and need to exchange the coins for their local currency. After cooperating with various payment platforms, we found Epay is the only platform that helps us solve the pay-out issue in different currencies. The handling fee is extremely reasonable, funds can be received on the same day, that’s amazing!”

Epay can effectively help corporates such as live broadcast platforms, online teaching companies, foreign-invested enterprises, and labor dispatch companies to make bulk payments. Epay supports more than 80 currencies, receivers can pick up cash or receive it through a bank account. There are more than 200,000 cash pick-up locations around the world, which enables people to move money wherever it needs to be, in the most time and cost-efficient manner.

The bridge between E-currency and legal currency

The popular E-currencies such as PM, Advcash, Payeer, Fasapay, etc., platforms only provide purchase methods. If you want to transfer e-currency to a bank account, you have to use a third-party platform. Epay is an important bridge between E-currency and legal currency.

If you want to exchange PM, Advcash, Payeerm, or Fasapay for real money, first you can deposit them to the Epay account, and then withdraw them to your bank account. And if you need E-currency, you can also deposit USD/EUR to Epay via international wire transfer or local bank, and then purchase the E-currency you want.

Epay can also provide payment solutions for those e-wallets. Just like the cooperation model between Advcash and Epay. Users can easily withdraw Advcash to their bank accounts in more than ten countries on Epay by simply accessing the Epay’s payout interface.
So Many Things to be SPANKFUL for!
Tags: Payments, Sex Work, Ethereum, Payment Processing

At least we didn’t come early… We know it’s been a while, but better late than never, and we are happy to report Spank is set to finish 2020 strong. We’re squashing bugs and taking names, so getting ready for a big 2021 — HUGE. We’ve seen more and more models sign up over the past month (thanks, everyone), and they’ve been helping us make SpankPay even better (double thanks).

Home for the holidays

Save the political debates for another year, 2020 has been tense enough. Instead, seize your homeward bound holiday to educate friends and family on the virtues of crypto and the future of blockchain. Seeing as how many of us will be celebrating virtually, the conversational context could not be more apropos.

Dashboard’ing through the snow

On the SpankPay front, we integrated a bunch of new bells and whistles for an even sexier, more seamless experience, starting with a new dashboard. You may have already noticed the new look and feel. We reoriented user balances to the top and cleaned up the sales graph. Overall, it’s a lot slimmer, which also makes it much easier to use.

Everyone remembers their first time

It’s better when you know each other, wouldn’t you agree? That’s we added a new FTUE (first time user experience), which front runs profile creation to help models better understand how to use SpankPay.

The onboarding benefits aren’t just for content creators. The FTUE allows both models and merchants to set up their profile, set up banking, plus it gives them the option to hold their earnings in their local currency to stabilize their payments. We kept the onboarding process flexible. You’re allowed to skip ahead if you want, but the FTUE makes sure to tell users what they’re missing, just in case.

If you haven’t already, sign up for SpankPay today!

We put the pro back in profile

That’s right. We did a nice little renovation on profile pages too, adding cleaner, more streamlined payments for both mobile and web. Don’t worry, you can thank us later.

#KnowYourStatus

Safety first and always. With everything we know (and don’t know) about the virus, there’s really no excuse not to get tested. That’s why we made COVID-19 tests available on SpankPay, and we are thrilled to report that the response has been super positive (even though we hope everyone tests negative 🤞).

Thank you to everyone doing their part to keep themselves and their communities safe. It’s SUCH a turn on.

To 2021 and beyond

We feel very fortunate to have not only survived the pandemic, but have thrived in these whacky, unprecedented times. It hasn’t been without a lot of creative thinking and some uncomfortable adjustments, but it was all worth the effort. 2021 is shaping up to our best year ever.

We don’t want to let the cat out of the bag just yet, but what we can tell you (if you haven’t been keeping up) is that crypto is going mainstream in a major way, and the adult industry has proven itself to be pandemic-proof. We’re coming for you Jeff Bezos!

SpankMate of the Month
Yeni Google Pay
By: Mustafa Aktaş
Tags: Payments, Google, Fintech, Troy, Google Pay

I don't like the new Google Pay, but it could be Google's next killer app

If there's one thing that Google's proven to be consistent at over the years, it's the company's need to constantly…