WeChat is known as a Chinese multi-purpose messaging, social media, and mobile payment application. Multi-Purpose Messaging & Social Media Allow users to send free messages to mobile phone contacts that use WeChat too. It is similar to Whatsapp application, which allows users to send/ download images, videos, or voice recordings.

Merchant Category Codes (MCCs) MCCs assigned to a business by Visa or Master Card by using a four-digit number. It is used to classify the business by the type of goods or services it provides. Merchant business is identified based on MCCs. Merchant category codes (MCCs) are used by payment

Merchant Discount Rate (MDR) is a fee agreed and paid by a merchant to an acquiring bank for accepting the payment from their clients/ customers. For each processing of debit and credit card transactions is being charged based MDR. Merchants must agree to the rate to accept debit and credit

PX Payment (Financial Process Exchange) is a invulnerable on-line charge gateway device that approves shoppers to make real time on line repayments by way of the use of their existing contemporary or financial savings account. FPX presents customers with the convenience to purchase at their retail web sites and on

Merchants are inundated with many terms that may seem similar but have drastically different results. This is the case when identifying the similarities and differences between chargebacks and refunds. From a merchants perspective, both chargebacks and refunds result in a lost sale. Retailers would prefer to avoid both, as they

An e-payment system is a way of making transactions or paying for goods and services through an electronic medium, without the use of checks or cash. It’s also called an electronic payment system or online payment system. Read on to learn more. The electronic payment system has grown increasingly over

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  BLOCONOMIC EXPO 2019 aims to bring together the many components of Blockchain economy into the heart of South East Asia, Kuala Lumpur, Malaysia. Awepay is the Premier Sponsors of BLOCONOMIC EXPO 2019. Bloconomic will discuss the real use cases and the future prospect of Blockchain in areas of finance, global

Businesses and consumers alike are interested in faster, safer, and more convenient payment methods. Are you ready to go digital?   Demographics across the world are shifting. Millennials are now the most diverse and prominent generation in the US population.   As a generation heavily influenced by technology, their buying

The world of payments has provided a new leader to the National Urban League. Tim Murphy, general counsel for Mastercard, has become the 22nd chairman of the civil rights and urban advocacy group, according to a statement from the payment card network. Murphy was elected to the post during the