The Future of mPOS is in Customisations and Integrations

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The early versions of mPOS were simple card accepting devices that enabled card payments on the go. They were cheaper and lighter than the conventional EFTPOS machines and therefore became popular with micro merchants who could afford them given micro merchant’s low transaction numbers. With time the mPOS evolved and became smarter. The card accepting […]

White label mPOS mobile application

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  The mPOS market picked up around 2012 with the penetration of the smartphone and faster mobile networks. The early application involving a mobile app on a smartphone/tablet along with a Bluetooth connecting card reading device allowed a merchant to accept card payments on the go. With time these mobile applications have evolved to perform a […]

Payment Trends 2018

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We all have been reading about Blockchain, Artificial Intelligence, Robotic Process Automation, Contactless Payments, Real-time processing etc., the technologies that are shaping the payments trends in 2018. Let’s get to know what pain areas they address and what challenges they face as of 2018.   Technology / Feature Pain areas addressed Challenges Blockchain & Distributed […]

Direct Debit Process

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The Direct Debit Process varies from country to country. Here is a simplified version of one of the ways through which a direct debit transaction can take place. This process comprises of the following key participants Customer Customer’s Bank Merchant Merchant’s Bank Direct Debit Service Provider Payment Switch The customer initiates the process by signing-up […]

What is a payment switch?

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A Payment Switch can be thought of as a an independent entity that facilitates communication between different providers.  The payment gateway talks directly with the switch to process payments. The payment switch performs the following core functions Manages direct integrations into the payment providers – the payment switch understands the individual requirements of each payment […]

Five core functions of a payment gateway

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A Payment Gateway performs the following five core functions: Manages the merchant’s switch configurations – defines an ID for each merchant payment configuration and communicates with payment switch using this ID. Manages the merchant’s transaction roles – defines limitations for merchant’s transactions. e.g the minimum and maximum amount a merchant can transact from a card […]

Why Payment Gateways are not commodities?

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When it comes to choosing a Payment Gateway, most people think of them as commodity. This is so because when comparing different options, people tend to shortlist them based on supported currencies, supported regions, compliances etc. When, say three options match their complete criteria then the final decision is based on just one factor: pricing. […]

Technologies used by FinTechs

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The year 2016 was an exciting time for FinTechs. The advancements in some key technologies has opened up opportunities for innovations in the Fintech industry. Cloud– The flexibility, cost effectiveness and easy to scale-up cloud based solutions make them ideal for start-ups that don’t want to invest heavily upfront on IT infrastructure. This provides fintech startups […]