With the onset of the COVID-19 pandemic, restaurant businesses all over have taken a huge hit. The major setback for restaurants has been in terms of being forced to shut down their dine-in option. This decision was taken to adhere to the social distancing protocols and other restrictions on public gatherings placed by governments in different countries across the world. Restaurants in Southeast Asia have faced the brunt of this situation with devastating effects on their business.   How Can Your Restaurant Survive? Customers are moving towards mobile app payment for all purchases. This is safe and convenient given the quick spread of the COVID-19 virus from person to person. If you are a restaurant owner in Vietnam, you must take some proactive steps in order to survive and thrive during these unprecedented times. Small local restaurants and businesses are the ones most affected by the current pandemic situation. Your

The world as we know it has changed forever with the onslaught of the COVID-19 virus. One of the biggest changes that have emerged from this pandemic situation globally is the need to avoid direct as well as indirect contact with people and maintain social distancing as much as possible. This is applicable for every activity we do including shopping and making payments.   What Change has This Caused in Consumer Behavior? Consumers now prefer to shop online for all their needs as it poses fewer risks. The convenience of e-commerce shopping is more than the lure of stepping out of your home and shopping. This has led to a much higher numbers of contactless payments made through various payment gateway providers especially in Southeast Asia as well as other parts of the world. These payments are made through e-wallets and credit or debit cards that are contactless-enabled. The current

Using a cryptocurrency payment gateway is a quick and secure mode of receiving or making online payments. It is becoming increasingly popular these days in our fast-paced technologically advanced society. Cryptocurrency is cost-effective and convenient compared to traditional payment methods. With cryptocurrency, you can reduce chargeback risk as payments made cannot be reversed.   What is Cryptocurrency?  Cryptocurrency is a virtual or a digital form of currency which works through a distributed ledger technology. This computerized blockchain is used as a public financial database for all crypto transactions. They are typically implemented using decentralized control. The database uses powerful cryptography to ensure all transaction records are secure, to control the minting of coins and also to verify coin ownership transfer from one person to another.   What is Cryptocurrency Payment Gateway? A crypto payment gateway is an intermediary facility created for payments between a customer and a business. This service

Philippines is one of the countries in Southeast Asia with high penetration of mobile devices, which is close to 70% of its 107 million population. Payment solutions in the Philippines cater not only to those who have mobile and online banking access, but also to unbanked Filipinos. Top payment gateway providers in the Philippines serve as the middleman who bridges the gap between merchants and their clients. They aim to provide the most convenient way and widely used payment solution in the Philippine market. Increases in Investment into E-commerce Development The Indonesian government is currently trying to develop an e-commerce development plan for helping more e-commerce businesses to thrive. Their plan is to promote entrepreneurial spirit within Indonesia so that they can develop the digital economy of the country. Because of the backing of the Government, there are many major investors who are investing their money into Indonesian E-commerce platforms. There

The Vietnamese government has launched a financial scheme for the development of non-cash payments, which aims to reduce the ratio of cash transactions to 10% and have at least 70% of its population with a bank account. Leading online payment providers in Vietnam, offer an array of payment options to meet the growing demand of the merchants in this market. Virtual Account Solution Support more than 10+ Vietnamese banks Receive payments within seconds Alternative Solution Provide a variety of payment options such as E-wallet, ATM online, and QR code payments Support OTC banking options on an approval basis  A Rise in Economic Growth  Vietnam is home to close to nearly 60% of people under the age of 35. This creates a force that is not just young, earns well but is also comfortable with technology. The abundance of youth ensures that there is a growing demand for online shopping and business.

Thailand being one of the fastest emerging markets in Southeast Asia, has a direct correlation with regard to their sophisticated mobile payment solutions. Different online payment solutions in Thailand have risen in popularity over the past couple of years. For example, payments done via a mobile device are now used in multiple verticals and have become an indispensable option in the Thai market. Leading providers of payment solutions recognize this demand and assure clients that their solutions come with excellent client service and complete coverage of all the banks in Thailand.   Ease of E-Payments and Social Media Rise The rise of the younger generation has played a vital role in the popularity of online marketing and business. In the fast-moving business market, service providers are aware that both local and international players are actively participating to adopt e-payment as a preferred mode of payment. The use of the Internet

Indonesia has the largest economy in Southeast Asia, with its e-commerce rapidly growing through the use of digital payment methods. Indonesia's mobile commerce alone has a projected value of $31.5B by 2021. This is due to the rapid increase in mobile phone users. Companies that offer payment solutions help merchants accept mobile payments and online bank transfers through the use of Indonesia online payment gateway. Besides online bank transfers, they also have virtual account solutions, which are also popular in the Indonesian market. These companies can help you set-up your merchant account and be part of this growth. Take a look at why e-commerce in Indonesia is growing exponentially over the years! Supportive Government Regulations The Indonesian government has been quite supportive of online payments and business. The new regulations and policies put in place ensure that e-commerce becomes a part of social behavior. With an Indonesia online payment gateway, consumers

Technological developments in information technology and telecommunications have set an electronic revolution in the Malaysian banking sector. The leading e-commerce payment method in Malaysia is bank transfer, which is about 46% of all e-commerce payments. As they continue to embrace the norm of the society to use cashless payments, providers of innovative online payment solutions in Malaysia have paved the way for a seamless and secure online banking experience. They will significantly contribute to the growing digital economy of Malaysia in the next years to come. The country of Malaysia has been growing from strength to strength in its endeavor to boost e-commerce and digitization of payments and business. Innovations, active participation, and fresh ideas from the younger generation are driving this growth. This has resulted in better internet facilities and a wider scope of trade relations with its neighboring countries.   Increase in the Use of Electronic Payment Numerous

The business world has witnessed how payment methods have evolved over the past two decades and has managed to adapt to the digital advancement of the payments industry. Today, merchants of all categories chose online payment solutions to play a big role in their expansion into new markets in Southeast Asia. E-wallets, online banking, QR code, online bank transfers, and virtual accounts are the online payment solutions that are commonly offered to merchants. With the use of online payment solutions in Southeast Asia, merchants are guaranteed to reduce costs and maximise profits.   Cut Costs and Invest Smart  With the tremendous potential of e-commerce, there is no need to invest in a physical store, infrastructure, or inventory. With these large investments out of the way, you can concentrate on setting up a strong digital marketing team. Digital advertising is fairly easy to adjust according to budget and is a powerful,

Are you looking for an online payment gateway in Philippines? Before you begin your search, you need to know how an e-commerce payment or transaction works. This knowledge will help you sift through the numerous payment gateway providers out there and choose the best one for your business.   What is an E-commerce Transaction?  Basically, an e-commerce transaction refers to the movement of money from the customer to your bank account through the payment gateway on your website. According to the Organisation for Economic Co-operation and Development (OECD), an electronic transaction is the sale or purchase of goods or services, whether between businesses, households, individuals, governments, and other private or public organizations, carried out on computer-mediated networks. The services and goods are ordered through these networks, but the final payment and the eventual delivery of the services or goods may be handled online or offline. The entire process can be

What are the main features one should look for while selecting a payment solutions service provider? As you go about setting up your e-commerce business in China, it is critical to choose the right ecommerce payment gateway for your website. We have listed a few important factors that you must consider to make an informed choice and offer the best service to your esteemed customers.   Methods of Integration There are two main methods of integrating a payment gateway into your website, hosted gateway and non-hosted (integrated) gateway. A hassle-free integration method takes a load off your shoulders and helps you set up your business faster.   Pricing and Fees Pricing - Payment processing involves multiple financial institutions or organizations, and every party that participates in the transaction charges a processing fee. Every payment solutions provider has its own fee structure. You should carefully study and understand all the fees

There is no doubt about the fact that mobile app payments are quick, easy and efficient. Merchants and customers benefit as payments are made with just a few clicks on a mobile phone.   Convenience with Mobile Payments The reason for the growing popularity of mobile app payments is its convenience. Customers who want to make mobile app payments only need to have a good quality smartphone. Mobile payments make it easy for them to access products from your store with hardly any waiting time. If they come to a physical store, the checkout is fast, and there is no need for them to carry physical wallets. A payment processing solution that supports popular apps in the market can significantly increase sales in the long run.   Enhanced Security with Payments Apart from being convenience, mobile app payments are also very secure. You can accept payments anytime and anywhere; thus,

Setting up an e-commerce website, especially the technological framework, can be quite a cumbersome process without expert guidance. One of the most important aspects of an e-commerce website is the technology used in the payment gateway, also known as e-payment technology. This technology serves as the backbone of the entire system and helps to process all the payments going through the payment gateway installed on your website. What is an E-payment System? An e-payment system helps you to either pay for goods and services or receive payments electronically. It is also called an electronic, digital, or online payment system. In this system, there is no direct interaction between the buyer and the seller. The e-payment system acts as the gateway connecting the customer and the merchant. This system is handled by a payment gateway provider. Technology Used in E-payments The technology used in an e-commerce transaction includes technologies for communications,

With ecommerce at its peak, setting up a payment gateway is no longer a challenge. Most customers constantly transact online not only through credit and debit cards, but also through other modes such as net banking, and UPI and other payment methods. There are a lot of ecommerce solution providers that are available today that have simplified payments for customers. Here is a guide to help you choose the right platform for your business.   What is a Payment Gateway? A payment gateway is software that acts as a channel between an ecommerce website and a customer’s preferred mode of payment such as a credit card, bank account or any online wallets. It is the simplest way for a business to collect payments online. Having an online payment gateway in Philippines or any other country makes it easier to accept different types of electronic payments. It provides an all-in-one solution

An online payment gateway is required to facilitate the transaction between the merchant and customer and is responsible for authorising the transaction. It is important because an efficient and secure payment gateway keeps your customers happy and transactions safe.   Convenience in Payments Websites are essential for all merchants to capture a global clientele. It has also become necessary during the pandemic when customers hesitate to go out into busy streets and would rather prefer to do their shopping from the comfort of their homes. When you deal with an international clientele, you have to ensure that there is some form of payment that is easy, secure, and convenient. An online payment gateway provider makes it possible to process credit card payments or other forms of online payments for both ecommerce sites and brick and mortar stores.   Encryption for Enhanced Security When you choose an online payment gateway provider,