Cash is king in the shadow economy, where transactions go unreported and taxes uncollected. But electronic payments have the potential to squeeze out cash, increasing transparency and providing a much-needed boost to public finances. A deep dive analysis of the shadow economy area, with some practical solutions to show how

The term underbanked refers to individuals or families who have a bank account but often rely on alternative financial services such as money orders, check-cashing services, and payday loans rather than on traditional loans and credit cards to manage their finances and fund purchases. This may be because they lack

With online sales multiplying by the day, and 2020 predictions for the sector approximating at trillions of dollars, merchants must understand key market trends to stay afloat in a dynamic market. Payments, for instance, are vital in making the sales process successful. With the advent and widespread use of cellphones,

Generally, there are four main methods to integrate a payment gateway: Hosted gateway A hosted payment gateway acts as a third party, as it requires your customers to leave your website to complete a purchase. The pros of a hosted payment gateway are that all payment processing is taken by the

It’s no surprise that everyone who touches the transaction wants to get paid, including the issuing bank, the credit card associations (Visa, MasterCard, etc.), the merchant bank and the payment provider. At its most basic, every time you process a transaction, you pay several fees: Interchange: The issuer gets paid

In the wake of the pandemic, B2B payments have had to evolve. While, pre-pandemic, company executives had been targeted on price — the fees involved in moving to digital repayments — now they are extra targeted on two different “Ps,” which would be system and pain, which create prices all their own. Against that backdrop, agencies are re-evaluating and redesigning their entire grant chains, fee administration lifestyle cycles and different procedures throughout all industries from healthcare to manufacturing. Yet there’s a huge gulf between considering the exceptional shift to digital B2B repayments and truly making

Risk management encompasses the identification, analysis, and response to risk factors that form part of the life of a business. Effective risk management means attempting to control, as much as possible, future outcomes by acting proactively rather than reactively. Therefore, effective risk management offers the potential to reduce both the

2C2P (Cash and Card Payment Processor) is a Southeast Asian (SEA) comprehensive payment solutions provider. Founded in 2003, the company has since established itself as one of the leading payment solution providers in Asia-Pacific. 2C2P is well positioned to provide payment solutions tailored for the local needs of Asian and

Earlier this year the International Security Ligue published its report ‘Fraud in Cash and Electronic Payments: Taxonomy, Estimation and Projections’. Based on data gathered in a broad range of countries between 2014-18, it provides an interesting and comprehensive classification of payment fraud alternatives, and also offers an estimation of the

Contactless payment first arrived in the 1990s and is now having its moment. Both companies and consumers are looking for ways to conduct business with as little physical interaction as possible during in-person transactions. We’ve been building to this moment, if you think about it. Organizations have been steadily increasing