ChatGPT is an AI Technology that is gaining traction in the market
The FinTech market is experiencing unprecedented growth
Payment gateways are one of the most important functionalities of any e-commerce platform. Without a payment gateway, many online retailers would be unable to accept payments from customers
The future of technology is highly unpredictable and will continue to evolve at an exponential rate. This article provides insights into 5 important technologies that have evolved from digitization — not only today but also in the years to come. The pace at which technology evolves is accelerating at an exponential rate, leaving traditional industries behind in its dust.
Payment gateways are gaining immense popularity across different sectors. The flexibility and convenience offered by these platforms help businesses reach more people and increase sales. Furthermore, digital payment gateways help reduce operational costs and costs of running a business. Now you can easily integrate your IT or payment system with the payment gateway. This makes digital payment gateways a must-have for the education sector as well. With all these advantages, it is clear that digital payment gateways are a great choice for the education sector.
Hotels are all about the experience. Hotels and other tourism businesses can better serve their customers by accepting online payments, and offer a seamless booking experience for travelers who want to be able to book and pay online at their comfort. Using a payment gateway ensures that all of the checkout process is smooth, simple, and secure. Choosing the right payment gateway will simplify your checkout process, increase your conversion rate, reduce abandoned carts, and help you get paid faster.
New digital payment methods such as mobile payments and online payment gateways are rapidly growing in popularity across the world. Fintech industry in Egypt has been growing exponentially, as digital payments will be the market's largest segment with a total transaction value of US$13.5B in 2022. The number of users in the digital payments segment is expected to amount to 78.58m users by 2026. In addition to the average transaction value per user in the alternative Financing segment is projected to amount to US$28k in 2022.
As you can see, payment gateways offer a lot of different benefits for an e-commerce website, the most significant benefit is that it helps you generate more sales. Retail websites need payment gateways to accept payments from customers via various channels such as debit cards, credit cards, and digital wallets. Also you need to consider choosing a payment gateway that offers risk detection and fraud detection as it is responsible for collecting a customer’s information and facilitating a checkout process for your website. Moreover, it is crucial to choose a payment gateway that is able to provide multiple layers of security, as well as the ability to accept different currencies.
With most businesses around us either slowing down and waiting out the virus or coming to a complete stop to ration down resources, there are many you can do as a small business to survive the covid 19 pandemic.
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