For businesses looking to enter the fintech space or expand their financial services offerings, white-label international money transfer solutions provide an efficient way to meet this demand without the high cost of developing a platform from scratch. This article will explore what white-label international money transfer solutions are, their benefits, and how businesses can leverage them to gain a competitive edge. What is a white-label international money transfer solution? A white-label international money transfer solution allows businesses to offer cross-border payment services under their own brand, while using a pre-built,…
Read MoreCategory: Mobile Payments
Many referred to mobile payments to be NFC technology but there are other avenues that many businesses are taking to keep up with this trend. For instance, some have used QR codes on bills that resolve to a mobile site enabling a secure mobile payment.
Older Android versions are decreasingly able to support Google Wallet
The app now needs a device to run on Android 7 or higher to be supported Starting in June, Google Wallet will require a notably higher version of Android in order to be properly supported than it currently does. This could cut off users with older devices Google Wallet currently needs Android 7 or higher in order to be fully supported on a device. That oldest possible version is indeed from quite a few years ago, but this doesn’t mean that people aren’t still using it. However, it will mean…
Read MoreQR codes offer Tencent a fresh opportunity in Southeast Asia
The quick response barcodes offer a new way for the Chinese company to expand in mobile payments. Tencent is looking to QR codes as a strong opportunity to expand its mobile payments system throughout more of Southeast Asia, using its WeChat Pay. The Chinese giant’s digital wallet is already ubiquitous domestically Tencent spoke at the edge of the Money 20/20 conference this year on the subject of technology in Asia. There, a company exec said that by linking QR code mobile payment systems cross-border, WeChat Pay – called Weixin Pay…
Read MoreMobile security remains a leading barrier to digital bill payments
As much as consumers are more confident in their devices, they still have serious concerns Mobile security was a substantial barrier to the widespread adoption of digital payments and wallet apps, despite the convenience they had to offer their users. Millions of people now use digital payments Still, as much as this technology has increased considerably in popularity in recent years, mobile security is still a leading barrier to its use or to the use of some of its features such as bill payments. About 60 percent of US consumers…
Read MoreFitbit users really weren’t shocked about this mobile wallet warning
The fitness tracker’s users were recently notified that the will be required to switch to Google Wallet Fitbit users knew that the change was coming, so when they received an email and/or notification telling them that they would need to switch to the mobile wallet of the gadget’s parent company, nobody was all that shocked. Fitbit Pay is shutting down and Google Wallet will take over Ever since Google acquired Fitbit, device wearers have been waiting for the announcement that the parent company would be using its own branded version…
Read More