Payment solutions leverage on emerging technologies to simplify the transaction process and to increase the avenues for payments to occur. Payment solutions include digital wallets, loyalty programs, cross-border payment options and intuitive mobile solutions for payments.
The solution enables firms to complete cross-border payments quickly and cheaply by leveraging on emerging technologies such as blockchain. Traditional cross-border payments take 3 to 5 business days to complete transactions whereas this solution enables same day transfers. Cross-border payments are also able to be completed cheaper, with a 0.25% - 1% transaction fee, as opposed to 2% - 11%.
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