How Mobile App Payments Help Optimize Your Business

Monetary transactions have evolved over the years. From the barter system to coins to paper currency to plastic to digital currency, the transaction process has been made simpler and more transparent over the centuries. As smart phones are becoming increasingly popular, it is becoming a ‘basic need’ of modern humans. It has changed the way people live, travel and how people make payments. This is why businesses should promote mobile app payments. What Are the Existing Payment Problems? Many businesses need an external physical device such as an electronic data machine or a third-party application to accept money or online payments. There is a growing concern regarding security and fraud with online transactions. If payments are made by cheques, the payment will hit the account a few days after depositing the cheque, making it cumbersome to track. There is also the chance that cheques could be forged, causing losses to
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《UNSCHEDULED》HKAGA 2021

Payment Asia joined the UNSCHEDULED 2021 which was organised by HKAGA, as a digital payment partner this past September. UNSCHEDULED is a platform for selling and networking that was originally established as a response to the rise of COVID-19. It presented solo exhibitions from 15 HKAGA gallery members, highlighting solo presentations by artists with a connection in Asia.[vc_row][vc_column][vc_column_text][/vc_column_text][/vc_column][/vc_row][vc_row][vc_column][vc_custom_heading text="Payment Asia offered a simple payment page which offered Alipay and WeChatPay to visitors for ticket buying" use_theme_fonts="yes"][vc_gallery type="nivo" interval="5" images="7739,7740" img_size="full" css=".vc_custom_1664194348330{margin-right: 20% !important;margin-left: 20% !important;}"][vc_custom_heading text="Payment Asia provided free water and sanitisers as welcoming gifts to all comers" use_theme_fonts="yes"][vc_gallery type="nivo" interval="5" images="7741,7742,7743" img_size="full" css=".vc_custom_1664194357793{margin-right: 20% !important;margin-left: 20% !important;}"][/vc_column][/vc_row][vc_row][vc_column][vc_gallery type="nivo" interval="5" images="7744,7745,7746" img_size="full" css=".vc_custom_1664194367036{margin-right: 20% !important;margin-left: 20% !important;}"][/vc_column][/vc_row]READ MORE

Top Advantages that Cryptocurrency Offers Your Business

Ever since Bitcoin was invented in the year 2009, it has been touted as a medium for fast processing financial transactions which operated out of the control of the central government and federal agencies. The transactions were made in the form of digital units or cryptocurrency called bitcoin. Since the inception of Bitcoin, cryptocurrencies have become an attractive payment solution for businesses especially. With the flexibility it offers, cryptocurrencies are gaining popularity as you can reap many benefits from working with blockchain technology. Some of these benefits include: Low Transaction Fees For any business, the bottom line plays an important role in profits. With credit card companies charging a fee on each transaction, these fees can gradually add up down the line, especially if you are a small business. The best part of using a payment gateway that accepts cryptocurrency is that you can lower these transaction fees completely by
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Why are Crypto Currencies so Popular for Business?

In the global economy today, cryptocurrency is gaining popularity for businesses as they provide lucrative business opportunities. This currency is developed using advanced block chain technology. Discussions about crypto have been breaking the internet in the last decade. Having a cryptocurrency payment gateway allows your customers and your business to deal with a decentralised digital currency that is the safest and best alternative to traditional currencies used for online payments. So, let’s see the possible confusion and benefits that cryptocurrencies will bring to your business. Benefits of Using Cryptocurrency for Your Business Decentralized currency: Decentralized is one of the most significant benefits for your online business since it does not involve control by central authority. You can have direct transactions with your customers around the globe, which is secure, efficient, and also seamless. The block chain network records every transaction made and is encrypted with high-level cryptography end-to-end. With a
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Ways to Protect Your Business during Online Payment Transactions

As a business owner, you should already be aware that taking your business online can definitely create more opportunities for you, not merely on a domestic level but rather on a global scale. But with the opportunities, it always comes with some risk as well. This risk for your business and customers is in the form of data theft and online fraud that has been on the rise in the recent past. If you are using an online payment provider in Vietnam, there are certain steps you can take to protect your business when accepting online payments from your customers. Below are some tips that you can implement into your business. Security compliance certificate: If your business is PCI compliance certified, this guarantees a minimum set of security measures required by major banks to accept debit and credit card payments. Therefore, this first step is a very important step to
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How to Keep Your Business Safe with Crypto Transactions?

The popularity of cryptocurrency is on the rise every year. Individuals and companies are getting more and more involved in trading with cryptocurrency. These alternative currencies are becoming an integral part of our lives, and people are choosing to use them differently. While some only buy cryptocurrencies for trading, others use them as a form of payment. Businesses can benefit from this alternate payment method by taking advantage of the increase in the exchange rate. However, to get the best out of this, they have to find the right cryptocurrency payment gateway. Process of Crypto Transactions Cryptocurrency is not a physical currency and exists only in digital form. In simple terms, if a person wants to transfer cryptocurrency to someone else, it is simple. You will need to have access to the private key and public key associated with that value of cryptocurrency. Having cryptocurrency means that a person is
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Beginners Guide to Cryptocurrency Payment Gateways

Cryptocurrencies are more than just a fad. They let you purchase goods and services. They can also be used to trade for profits. For businesses, using a reliable cryptocurrency payment gateway is a fast and secure mode of receiving and making payments online. It is a cost-effective payment method that is very convenient when compared with traditional payment methods. What Is Cryptocurrency? A cryptocurrency or ‘crypto’ is a digital currency. It can be used to make online purchases but uses an online ledger with strong cryptography to ensure that online transactions are secure. This also helps control the minting of coins and also helps verify coin ownership transfer from one person to another. It is a digital or virtual form of currency that is implemented using decentralised control. Why Do You Need a Cryptocurrency Payment Gateway? Cryptocurrency is slowly but steadily making inroads into primary business platforms where money frequently
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How does Cryptocurrency Technology Secure Transactions?

Cryptocurrency technology was introduced in 2009 post which it became a sought-after mode of transaction. Thus, business owners had to find service providers that enabled them to accept payments via cryptocurrencies. But as is the case with any form of transactions, owners were sceptical about the security of cryptocurrency transactions as well. However, this form of payment proved to be more secure than several other online payment methods. Depending on the technology, it is segregated into public and private. Public network technology allows several individuals to join in while keeping them anonymous. Private network technology on the other hand, uses identity confirmation for membership and privileges. Read on to know how crypto payment gateways provide secure transactions. Through Blockchain Technology Blockchain technology has been the backbone of cryptocurrency payment gateways ever since its introduction. The technology produces a structure of data along with inherent security qualities. This technology is also
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Does Your Business Really Need a Crypto Gateway?

With the world going almost completely digital in view of the pandemic, cryptocurrency has become a hit! Thus, several platforms including giants like McDonalds and KFC have started accepting cryptocurrency. Crypto payment gateways have therefore become a global norm. Crypto payment gateway is a platform for online transactions. This platform provides access to businesses to accept payments in cryptocurrencies. The transactions merely require a digital wallet instead of credit card payments. These wallets differ between single currency and multi-currency. You can convert your cryptocurrency into fiat money at any time. Read on to know why you need crypto payment gateways. It Provides Security  Certain cryptocurrencies are based on blockchain, decentralised, distributed and digital ledger technologies. These transactions are permanent and therefore, they cannot be modified or deleted. It is essential to choose a payment gateway that offers additional security measures. Your cryptocurrency payment gateway should offer services like PCI compliance
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Discover the Advantages of Cryptocurrency for Your Business

Cryptocurrencies have grown in popularity over the last several years, and the number continues to rise. As a result, there has been an increase in demand for blockchain developers. Whether you are interested in a career as a blockchain developer or just want to keep up with the latest technology developments, let us look at a few of the benefits of cryptocurrency.   Protection from Inflation Inflation has caused the value of several currencies to depreciate over time. Almost every payment done through a cryptocurrency payment gateway is introduced with a predetermined amount at the moment of its inception. The amount of any coin is specified in the source code; for example, there are only 21 million Bitcoins available in the globe. Therefore, as demand rises, its value rises as well, keeping pace with the market and preventing inflation in the long run.   Self-Governed and Managed The governance and
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An Understanding of Bitcoin Payment Services

Bitcoin is the most widely used crypto payment gateway on the planet, and no other payment services come close to matching it at present. It is regarded to be one of the safest ways to send money; moreover, it provides some of the most secure money on the internet. With caution, you would be able to perform quick and easy internet transactions without ever disclosing any important information that could be linked to the Bitcoin account or wallet. Many businesses have opted to take advantage of Bitcoin and accept it as a means of payment, allowing you to pay for various goods and services using Bitcoin and other types of cryptocurrency payment gateway. You can now easily go to your local coffee shop or make a significant purchase with your Bitcoin, thanks to this remarkable new payment service, which has drastically revolutionized the lives of many people. If you have
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How Selecting the Right Acquiring Partner Will Benefit You

All payment processing solutions do not provide you with the same capabilities and opportunities. Some partners will limit the potential for clients that you can bring on through your onboarding process. This will, in turn, limit your business potential by stopping you from working with some successful strategic accounts. Working with the right acquiring partner who can give you the most opportunity can push your payment solutions processing to the next level. Who are Acquiring Partners? [vc_row][vc_column][vc_column_text] Companies need to partner with an acquiring bank to achieve their goals. They assume that if they own or license some payment solutions software or payment gateway software product, they will be able to process credit and debit card payments. However, companies will require merchant accounts and some entity to underwrite them. A payment gateway is only one aspect of the payment process. An acquiring partner is a bank or financial institution that
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Four Major Online Payment Systems for E-commerce Businesses

Are you in search of a suitable payment processing solution for your commercial enterprise? A professional online payment provider in Vietnam can offer a range of solutions that will work wonders for your business. Here are four commonly used online payment solutions and their characteristics. Electronic Payment Cards The functionality of credit cards in online transactions is seamless, quick and independent of a user’s time and location. Cards are easy to obtain and use, as customers do not require any additional software or hardware to process them. The authentication procedure for cardholders is simple, with the specifications of a name, credit card number and expiry date. To ensure the security of the cardholder’s personal information, credit card companies have developed complementary systems such as MasterCard SecureCode and Verified by Visa. These systems enable consumers to create passwords and use them during online transactions. Debit cards are suitable for micropayments as
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How to Accept Cryptocurrency in Your Business?

Blockchain technology and Bitcoin, in particular, is on track to change the financial landscape forever. Bitcoin already has made a huge positive impact in the global payments industry. Many big companies accept Bitcoin for their goods as a legitimate, valuable currency. Though still in its nascent stage, more and more individuals are able to fathom what this blockchain technology is capable of in terms of cheap and fast cross-border payments.   How to Accept Crypto Payments? There are a number of ways for a merchant to start accepting cryptocurrencies for his business. Some methods are elaborate and allow space for customization, while others are simple and require very little effort. Below are four ways.   Module Integration Module integration is the easiest and most flexible option that is ready to go by integrating a plug-in via the preferred e-commerce platform. Installing a cryptocurrency payment plug-in is not very difficult at
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Five Reasons Why B2B Merchants should Partner with Online Payment Gateway Providers

Looking to improve your B2B commerce strategy? Southeast Asia’s online payments open the doors for businesses looking to grab bigger opportunities in B2B sales. This type of payment processing allows B2B merchants to meet the expectations of their business customers with flexibility.   Availability of More Data Processing online transactions provide more information about a payment compared to usual invoicing using checks. With relevant and meaningful information about your customers, you can protect the payments you process and improve your marketing strategy. By enlisting the help of payment gateway providers for level 2 and level 3 B2B processing, you can gather additional information, such as sales tax amount, zip code, tax amount and ID, team commodity code and more. As a B2B customer, you can be assured that your payment information is secure and will not be misused in any way. To a large extent, you can reduce the interchange
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