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The FinTech industry has been moving by leaps and bounds. With the general digitalization of the world and the COVID-19 pandemic, the online payment industry has changed dramatically only in the last few years, let alone the changes it endured in a decade or two.
The online payment industry is booming and will remain at its peak for a long time to come. That is why now is the right time to start and develop your own payment gateway business.
As an online business owner, you know first-hand how much time and effort are put into identifying the reasons for a low payment conversion rate - and finding the right tools to fix it. It's not surprising since your business does not receive a significant part of the income precisely for this reason.
If you're in the payment processing industry, chances are you've heard the term white-label payment gateway before. It wouldn't be surprising since the product is highly demanded in electronic payment processing.
In order to thrive in any industry, networking, self-promotion, and industry comprehension are imperative - and the world of FinTech is certainly no exception. Conferences provide a dynamic platform to achieve all of these objectives and more.
Payment gateway integration is an essential part of accepting e-payments for business owners. It is a complex process of integrating a payment gateway into a website/application.
The electronic payments industry does not stand still even for a moment. In the last year alone, the number of new popular payment methods, including cryptocurrencies, QR-payments, One-click payments, etc., increased many times.
One of the most pressing issues identified by payment providers (PSPs) is improving the efficiency of their work processes and business performance. To address them, PSPs spend a lot of time trying to solve problems on their own by trial and error. However, it takes much time, and in most cases, comes to naught.
On the verge of starting your own payment processing business, you are faced with the choice: either develop payment software or look for another path. There are several factors to consider, namely financial resources, time, developers' team, and experience in fintech software development.
The main goal of automated merchant onboarding is to simplify your work and save you countless hours that can be used for more significant tasks. For instance, if now you have a department of 3 employees in charge of merchant onboarding, after its automation, one employee will be able to handle it.