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Blog - page 20

By Boaz Gam
4.84
5 min

When Will the World Be Ready to Go Cash-Free?

The use of coins and banknotes has been declining worldwide over the past years. In 2021, cash payments accounted for only 18% of the global transaction value, and their share is expected to drop even more - down to 10% already by the end of 2025.

By Boaz Gam
4.87
4 min

A Merchant’s Guide to Tap to Pay: from Fundamentals to Future Insights

In 2021, over two-thirds of merchants were already accepting contactless payments, and their number continues to grow fast due to the increasing demand. The technology behind this trending transaction type is called “Tap to Pay”.

By Boaz Gam
4.76
4 min

Biometric Payment Cards: Will They Become a Worldwide Trend?

Fingerprint-based cards were first introduced decades ago but failed to gain traction because they seemed overcomplicated at the time. However, following the pandemic, they are having a grand comeback in a number of markets.

By Boaz Gam
5
9 min

The Complete Guide to Online Payment Fraud Prevention

Online payment fraud is one of the greatest concerns for merchants worldwide regardless of the business scale. According to estimates, the global eCommerce losses from it accounted for $20 billion in 2021, which represents a 14% increase from $17.5 billion recorded in the previous year.

By Boaz Gam
4.91
4 min

The Complete Guide to Accepting Payments in Latin America

The internet penetration rate and the number of mobile users in Latin America (LATAM) have been growing consistently throughout the past years. What’s more, the share of the unbanked population in the region is steadily decreasing, so if your online business still hasn’t entered this market, it might be the perfect time to do it.

By Boaz Gam
4.82
5 min

The Future of the Payment Industry in the Middle East

While the Middle East boasts one of the highest rates of smartphone penetration worldwide (97%) and is digitally astute in general, the majority of its population still chooses cash over other payment methods. Notably, only a third of retail transactions in this area are conducted electronically.

By Boaz Gam
4.71
6 min

Anti-Money Laundering: What It Is & Why It Matters

Money laundering is a financial crime that involves concealing the origins of unlawfully obtained proceeds for them to appear as if they derived from a legitimate source. Worldwide, there are between $800 billion and $2 trillion laundered each year, accounting for 2-5% of the global GDP.

By Boaz Gam
4.78
4 min

P27 Explained: Current State, Perspectives, and Impact on Businesses

They say there is safety in numbers, meaning that uniting multiple parties is often more efficient than each of them taking action on one’s own. This principle proves to be right for a variety of niches, including the payment industry.

By Boaz Gam
4.9
5 min

From PSD2 to PSD3: What Will Change With the Directive’s Revision?

On May 10, 2022, the European Commission published three consultations that will help shape the regulatory future of payment services and PSPs across the EU and EEA. This marks the beginning of the shift from the Revised Payment Services Directive, PSD2, to its updated version that will tackle the current needs and challenges of the payment industry better.

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