Digital Payment Solutions and How to Develop Them: Insights and Expertise by The JatApp Team

Digital Payment Solutions and How to Develop Them: Insights and Expertise by The JatApp Team

Welcome to JatApp's newsletter! In our first issue, we share insights on the development of various digital payment products. Let’s dig in!

Key facts

  • A transaction fee for a cross-border payment varies from 6.5% to 11% of a payment’s amount.
  • Lack of convenience and lengthiness of traditional payment methods are the main reasons why 84% of consumers have used a peer-to-peer payment service at least once.??
  • The 80% of mobile payments users find this technology convenient and making their lives more comfortable, but 76% of them complain about a poor user experience (UX) and wish the way they interact with their payment apps improved.
  • Approximately 30% of businesses report an increase in payments fraud since 2021, and 71% of organizations confirmed that they were victims of payment fraud operations.?

Building a digital payments product

Navigating the Challenges and Opportunities of Cross-Border Payments for Fintechs Looking to Break Down Barriers?

Cross-border payments are one of the most painful problems businesses have to deal with: high cost, speed of transactions, and security issues are the main barriers to frictionless transactions across the globe. At the same time, solving these problems is a good opportunity for fintechs that specialize in building payment products. We discuss the main challenges of cross-border payments and uncover the opportunities fintechs may find attractive to take.?

Learn more??


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SWIFT payments are that lengthy and complicated

Beyond Transactions: The Rise of Social Payment Apps and How to Build Your Own Venmo?

A growing number of startups recognize the importance of social features in promoting their products. Consequently, social payment apps such as Venmo are becoming increasingly popular. In our dedicated article, we explore the ins and outs of building a social payments app, using Venmo as a prime example.

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Learn more

The Ultimate Guide to Designing User-Friendly Payment Experiences

Mobile payments are becoming one of the most popular payment solutions. The report by Global Newswire estimates that 74% of the global population will use mobile wallets by 2028. But as we have mentioned above, consumers still expect mobile payments apps to get their UI/UX design improved for offering more convenient and stress-free payment experiences. That is why we consulted our Design Team Lead and created an in-depth guide on designing user-friendly mobile payment solutions.?

Learn more

Everything You Need to Know to Choose and Build a Reliable Payment API?

At JatApp, we have extensive expertise in developing payment gateways and are eager to share our knowledge with you. After reading this article, you will get the insights into the inner workings of a payment gateway, learn about various types of gateways and how to select a reliable provider, and perhaps even feel empowered to develop your own product.?

Learn more


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A case study: Building a PCI-DSS compliant payment gateway

In an effort to cut down costs, a product development company decided to create its own payment gateway for its SaaS solutions. But they quickly realized they didn't have the know-how to make a secure and PCI DSS-compliant payment system. So, they reached out to JatApp for help.

After weeks of hard work, we created a fully compliant payment gateway that met all our client's requirements. Our solution offers a cascading payments feature that allows to significantly increase the card acceptance rate, has a flexible anti-fraud system, and a mechanism that helps prevent disputes and reduce the number of chargebacks. It also allows SaaS customers to enjoy fast and reliable real-time transactions.

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Thanks to this experience, today the JatApp team holds certification for creating payment solutions that comply with the requirements of PCI DSS in safeguarding account data. Our activities are subject to annual scrutiny by an independent auditing firm, which examines our servers and connections, conducts simulated DDoS attacks, and more, in order to issue an Attestation of Compliance.

Read more

Develop your payments solution together with JatApp

JatApp is a PCI DSS compliant software development company that has been building fintech solutions since 2015. We can help you with every aspect of creating your fintech product: from ideation to software engineering and support.?

Discover more about our fintech software development services.?

Thank you for reading our first issue. Be sure to subscribe to JatApp's newsletter to stay up-to-date on future digests!

#DigitalPayments #fintech #payments #mobilepayments #PaymentProcessing #PaymentTechnology #PaymentSolutions #PaymentSecurity #PaymentGateway #PaymentsIndustry #DigitalWallets

Kateryna Abrosymova

Founder @ Zmist & Copy. Content marketing for B2B tech companies. Wrote "From Reads To Leads," a book for content writers.

1 年

Congrats on the first issue! It's an interesting one ??

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