What is a Merchant Category Code (MCC)? Merchant category codes (MCC) are four-digit numbers used by an issuer of a credit card to categorize the purchases that customers complete using a particular card. There are several meanings of merchant category codes. They also decide the incentives that customers earn for

QR Code payment QR code payment is a contact-less payment method where payment is performed by scanning a QR code from a mobile app. This is an alternative to doing electronic funds transfer at point of sale using a payment terminal. QR codes are two-dimensional quick response codes that are

What is a prepaid debit card? A prepaid debit card is an alternative banking card that only lets you spend the money you load onto the card. Like a debit card, a prepaid card works at any merchant that accepts its payment network, such as Visa or Mastercard. It’s safer

The payment revolution. The tipping point of the revolution occurred in 2003 were the electronic systems surpassed the use of cash and checks in stores. By 2005,its accounted for 55% of in store payment. Similar trends occur for recurring payments. In 2001, More than 75% were made by paper-based method

How digital payments can help China cope with pandemics. Digital payments allow people to access goods and services while in quarantine or social distancing. SARS epidemic in 2003 expedited China’s path in launching digital payments and e-commerce in the country. A robust identification system, widespread, consistent internet access and trustworthy ways

Here is the top 5 Forex company in Malaysia: XM XM Group (XM) is a dealing desk broker which offers floating spreads, three different account types and support for the MT4 and MT5 platforms. XM also offers swap-free Islamic accounts and an unlimited demo account. With tight spreads, fast execution