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

What is the difference between chargeback and refund? There is a little difference between the chargeback and refund. Chargeback involves time, money, and resources. The main difference exists between the ways of how a cardholder receives the payment. The other difference is the fees because both in situations, merchants lose

What is a Refund? A refund is a particular kind of payment a seller returns to the buyer, which was initially used for buying the goods or services of a seller. The buyer asks the seller for a refund if he is not satisfied with the services and that payment

There are several payment gateways in Southeast Asia which provide the same services for merchants and customers. In terms of offering services such as online banking, card processing, and even offline payment, every payment gateway may look similar. But between them, there are many differences. To make them well known

Know Your Customer (“KYC”) is a standard due diligence process used by investment companies to assess investors they are conducting business with. Apart from being a legal and regulatory requirement, KYC is a good business practice as well to better understand investment objectives and suitability, and reduce risk from suspicious activities. KYC