E-Commerce Payment Trends in Asia and the Potential for its Growth

The e-commerce industry is booming in many Asian countries. This is due to the transformation of many South Asian countries into cashless economies. Digital payments are fast gaining popularity in many Asian countries due to the ease of carrying out online transactions. There are many trends that suggest that the online business ecosystem is changing, and e-payment technology is at the center of it. For online payment technology providers, it provides an opportunity to develop and optimize payment gateways for online retailers that are seeing a rise in customers every day. Problems that Need to Be Overcome in the E-Payment Industry For many South Asian countries, the online payment landscape is deeply fragmented and there is a need to make it more comprehensive. An omnichannel payment solution is one way to bridge the gap between these countries so that it is easy to do business between different countries. Each region
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2022年加密貨幣支付閘道的發展

The Relevancy of Cryptocurrency Payment Gateways in 2022

The interest in cryptocurrency is increasing exponentially, and for good reasons too. There is a tremendous focus being put on cryptocurrencies as major companies, such as Tesla and Microsoft have chosen use cryptocurrency to do business. Even though the crypto industry might be still in an infancy stage, there are great potentials to evolve into a powerful tool for business owners. An online payment service provider like PayPal is starting to adopt Bitcoin on its platform by allowing users to buy the cryptocurrency. With reputed companies jumping on the cryptocurrency bandwagon, the future of cryptocurrency and related technology looks promising. Cryptocurrency Payment Gateways for Online Retailers A crypto payment gateway is a payment mechanism that allows you to make online payments in the form of cryptocurrencies. Using a payment gateway that allows several types of transactions is what sets online retailers apart from others dominating the same marketplace. Blockchain technology
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支付閘道的現況及未來展望

The Current State of Payment Gateways and Their Future Scope

An online payment gateway is one of the most sought-after technologies that the e-commerce field uses widely. As businesses move online, there is an increasing importance given to online payments. An e-commerce payment gateway ensures that customers can use different modes to make online transactions. Payments can be done in so many ways. From mobile to cryptocurrency payments, payment service providers are constantly updating and adapting payment gateways so that they can support different modes of payments. The Most Popular Types of Digital Payments Currently Mobile Payments: Mobile wallets and e-wallets are the biggest contributors to the digital payment market and are estimated to be the leading form of payment for most online transactions. A mobile payment gateway is widely popular for this reason alone. Mobile payments make contactless payment transactions easier as they can be done with the use of a mobile phone. Internet Banking: Banking transactions can be
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加密貨幣支付閘道知多點

Do You Know This About Cryptocurrency Payment Gateways?

Digital payments form the future of how online consumers purchase products on eCommerce websites. With the current advancements in blockchain technology, there is scope for the adoption of crypto payment solutions on e-commerce websites. Traditional payment systems are slowly losing traction in the payment industry as they take more time to process and cost a bit more. Looking ahead to the future, a cryptocurrency payment gateway is one of the exciting developments that we can look forward. What is a Cryptocurrency Gateway? A crypto payment gateway is a type of payment processor that can process payments, which are made in the form of cryptocurrencies. They help to safely transfer payment from the payer’s wallet to the merchant’s website. Since cryptocurrency is built on the blockchain ecosystem, payments made here are decentralized in nature. It does not use any third-party intermediaries, such as a bank to complete the payment transaction. Once
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為什麼線上支付服務有助業務增長?

Why Online Payment Options Are Better for Business Growth

Businesses today need to stay up to date and should constantly lookout for ways to improve their operations. Online purchasing is far better than sending procurement officers or mailing checks for purchases. If businesses can offer online payments, it opens the door to improve customer loyalty. Let’s take a closer look at some online payment solutions that are being used all over the world.  Cryptocurrency and the Global Market Many payment gateway providers have started offering cryptocurrency as an online payment solution. The flexible nature of this payment option supports payment through 130 international currencies. Payment gateways now accept some of the major digital currencies for online and offline transactions, which increases the scope of reaching out to the global market. The cryptocurrency payment gateway offers several features, such as locking the exchange rate for a particular transaction. By locking the exchange rate for that transaction, you can reduce the
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Six Security Measures Online Businesses Should Take

Over the past two years, financial cybercrime accelerated over the world. Businesses that operate online must ensure the highest security to ensure the safety of their customers as well as their business. An online payment service provider that employs the latest security measures is a big part of the puzzle. But businesses have their part to play as well. Here are six measures your online business should take to secure your transactions: Encrypt Data This basic step should be the number one priority on your cyber security to-do list. Transport Layer Security (TLS) and Secure Sockets Layer (SSL) are protocols that must be used to authenticate and encrypt data. Your online business website should have an SSL certificate; you can do this by: Buying SSL certification from a third-party seller Building your website using a builder/platform offering SSL certification Use an online payment service provider that offers SSL certification PCI
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Improve Your Online Business with Robust Mobile Payment Solutions

Over the past few years, the smartphone industry has witnessed increasing penetration in the daily lives of the public. E-commerce in the form of shopping, business services, and even travel has brought significant changes to our spending habits. Today, the popularity of cash payments has decreased, while mobile payments have increased drastically. The Asia-Pacific region, in particular, is expected to witness increasing contactless mobile payments. Never has it been more imperative for retailers to offer their customers an engaging mobile experience. This includes employing effective ecommerce payment solutions. Why Are Mobile Payments Important for Online Retailers? If your online website or app does not offer a variety of mobile payment options, you may end up losing valuable customers. With more people switching to online payments, retailers need to cater to the largest possible audience and buyer preferences. Among the younger generations, Gen Xers, millennials, and Gen Z’s, contactless mobile app
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Why Your Business Requires An E-Payment Gateway?

If you run an e-commerce business, you require an online payment gateway that can handle all your transactions securely. This is crucial if you want your business to succeed and grow. E-payment technology has very quickly replaced traditional financial methods of payment in Asia. In trying to compete with other businesses, it has also become vital to outsource the creation of a Hong Kong online payment gateway or those catering to other geographical locations for the best results. However, first, there are several factors to take into consideration before choosing the right service provider for your business. What Are the Modes of Payment Offered? Reputed payment providers offer an omnichannel payment solution, with provision for credit cards, debit cards, mobile wallets, mobile payments, and cryptocurrency. If you want to cater to a wide range of customers, it is important to offer many payment options. Another advantage with some payment providers
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Securing Online Payment Gateways in Asia with Efficient Payment Options

The world has gone through many technological advancements and more recently even in the e-commerce sector with payment methods. Many online payment portals have to stay abreast with changing payment trends and software upgrades. Payment gateways provide customers and merchants a simple and hassle-free transaction process for their purchases. In Asia, there are a few reputed payment service providers that offer online payment methods for domestic and global markets. They provide omni-channel options that cater to the different methods of payment. With an online payment solution that offers various payment methods and caters to multiple currencies with flexible settlement periods, merchants with different needs can choose a suitable payment option to achieve success in their business. What Is Cryptocurrency and What Are the Benefits of Using It? Cryptocurrency is a digital currency secured by cryptography. It is next to impossible to counterfeit or double-spend cryptocurrency. It is also decentralized digital
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Six Security Tips for Businesses That Accept Online Payments in 2022

e-Commerce is prone to fraud and data theft when it comes to online payments. Fortunately, the following protective measures can be taken by online payment services for businesses who accept online payments. PCI Compliance Firstly, you should take a PCI compliance assessment. It is a minimum set of security standards that major card issuers demand for allowing you to accept credit/debit card payments. If you certify for PCI compliance, it means you meet all four levels of security expectations of the industry. And your online payment gateway provider maintains compliance to protect your customer’s payment information. Non-compliance comes with fines and the inability to accept payments from the major card brands. A single breach or loss can result in devastating consequences for your brand’s reputation. Secure Passwords People tend to use easy-to-guess passwords such as "password" and "1234." This puts their data at risk. When customers create their accounts, it
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Are You Aware of these Trending Payment Solutions for e-Commerce?

During the last few years, when people have avoided in-person shopping, e-commerce has never been more beneficial and popular. e-Commerce has witnessed exponential growth aided by digital payment solutions. Today the trending payments solutions for e-commerce are e-wallets, online bank transfers, credit or debit cards, and the newest e-payment solution - cryptocurrency. e-Wallets Typically downloaded onto smartphones, e-wallets link to specific credit or debit cards or bank accounts. These are very convenient and secure for customers. However, not all retailers accept payments from e-wallets. And when they do, they may accept some but not all e-wallets, which is inconvenient for customers. Some wallets also have transaction fees charged on both the customer and the vendor. Credit and Debit Cards These are the standard payment solutions widely used around the world. The problem with credit card and debit card payments for e-commerce retailers is the potential high transaction and interchange fees.
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Five Technologies You Should Include in Your Organization’s Business Growth Strategy

Every business has a growth strategy to expand its brand and gain more profit. However, with the constantly evolving payment world, it is important to make use of technology to the max. Choose an ecommerce payment gateway that complements the following technologies: Your Website Presence Your company website is the starting point for your technology-based marketing. Your company website will represent your business online for the world to see. Hence, it is important to create one! It will be a platform where you can convert your marketing reach into online sales. Make use of SEO techniques and email marketing to reach a wide audience. Invest in a crypto payment gateway to process payments in multiple currencies to boost your sales potential. Mobile Marketing Mobile marketing offers several customer-friendly options nowadays. These options will help you build a strong customer base and staying in touch with them by sending text advertisements,
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Crypto and e-Commerce: Get Your Business Ready for the Crypto Boom

The 1990s saw the emergence of e-commerce and the internet, paving the way for a revolution in how businesses operate. Today, cryptocurrency is revolutionising the businesses world once again. Globally, tech giants and other companies have jumped into the cryptocurrency bandwagon by allowing payments in cryptocurrency. If your business has not yet started accepting crypto payments, it might be about time to start keeping pace with the competition. To start with, you need a crypto wallet, or even better, a crypto payment service provider. Here is how your e-commerce business can benefit from accepting cryptocurrency payments. Access a Broader Market It is important to appeal to tech-savvy customers who are connected to a community of crypto users. By offering this solution, your business will access a broader market of customers from all around the world. Here, the crypto payment service provider helps you to accept major cryptocurrencies and multiple fiat
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Ways to Boost Online Payment Services for Profitability

It is more than just having a mechanism to receive payments from clients when it comes to online payment services. You may be restricting your own profit potential depending on what you have and how you manage it. Now is the time to review your payment strategy to see how you can improve your company's growth potential. Consider Alternatives to Credit Cards When it comes to online payment provider in Vietnam or elsewhere, it is not only about accepting credit and debit cards. Customers today demand choices. Accepting mobile payments, contactless payments, and EMV payments should all be considered depending on your consumer base and company's reach. Some consumers may request that you split payments among them. Other kinds of payment may also have more weight in international markets. Customer Data Management Every electronic transaction generates a treasure of information on the customers involved, their purchases, and the destinations of
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The Entrance of Cryptocurrency and Blockchain Technology into The Economy

Blockchain is definitely making its presence felt in all sectors of the economy, including the payment industry. Over the years, we have seen payments evolving from physical payment using cash to digital currency and now cryptocurrency. Needless to say, every phase of this evolution of payment methods has met with strong opposition with gradual capitulation and then a total embracing of the new technology. That is the same with cryptocurrency. Although it has entered different sectors, it is yet to be wholeheartedly accepted by the general population. The crypto payment gateway is powered by blockchain, which ensures to having a healthy payment system. Globalization And Faster Transaction Methods With the globalisation of the economy, people began to experience a block in the flow of goods and money due to problems such as cross border transactions, participation of intermediaries and the lack of automation. They wanted a system that is transparent
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