Trends, DigiPay.Guru and Insights - September Newsletter!
Welcome back to yet another insightful newsletter at DigiPay.Guru. We are sure you were waiting for this newsletter to arrive in your LinkedIn feed, as eagerly as we were waiting to share the latest fintech news, the developments in DigiPay.Guru and more.?
So, let’s dive straight into it!?
The industry trends
Mastercard has announced the launch of its real-time card payment solution in South Africa.
Mastercard has rolled out its real-time card payment solution in South Africa, which accelerated transaction speeds for businesses and consumers. Backed by ACI Worldwide, the system allows merchants to get faster payouts and improved cash flow.?
This move aligns with the South African Reserve Bank's push for digital payment modernization, as outlined in its Vision 2025 strategy. Mastercard's solution aims to meet growing demands for quicker, more transparent payments, launching as South Africa also introduces its own real-time system, Payshap.
Egypt to launch its first digital bank
Egypt is set to launch its first digital bank, Onebank, in late 2024 after receiving preliminary approval from the Central Bank of Egypt. Operated by Misr Digital Innovation, Onebank will provide fully online services, which will promote financial inclusion with easy & secure digital banking solutions.?
This marks a major step in Egypt's digital banking evolution, following the regulatory framework introduced in 2023. Onebank aims to streamline banking for Egyptians, joining other African digital banking pioneers like South Africa's TymeBank and Nigeria's Kuda.
The DigiPay.Guru innovations
We are pleased to announce that we have launched the key features of our international remittance solution, and they are now available for you to explore on our website and to implement into your platform. The key features include;
Price-based smart routing
Optimize cross-border transfers with price-based smart routing that automatically identifies the partner offering the lowest fees & exchange rates to ensure cost-effective & accessible payments.
The key capabilities of this feature include:
Agent network module
Transform your remittance operations with our agent network module designed to simplify cash pickups and agent management across all corridors & optimize your network’s efficiency.
The key capabilities of this feature include:
Multiple corridors and dynamic exchange rates
Empower your remittance services with multiple corridors and dynamic exchange rates. By effortlessly integrating multiple corridors with real-time FX rates into your money transfer platform. And offer your customers faster and more reliable global transfers.
The key capabilities of this feature include:
领英推荐
DigiPay.Guru’s resourceful insights?
Also, we as a digital fintech solution provider, want to keep imparting our expert knowledge in the fintech space. Here are some of the September month insights from our experts:
Role of transparency, speed, and security in cross-border payments
The cross border payments market is expected to reach $345.42 Billion by 2033!?
It means, the demand for cross-border payments will grow and traditional methods will fall short. And the traditional method leads to transfer delays, high fees, and security concerns.
Hence, the need for a more seamless, fast, and secure cross border payment solution increases. They're essential for retaining customers and growing your business. So, for remittance businesses like yours, offering these services becomes a big opportunity, as you can tap into the growing market.
But how do you achieve transparency, speed, and security in cross border payments? Why are these three elements important in the cross border payment ecosystem?
This blog will answer all the above questions for you. By the end of this blog, you will have a better understanding of importance of transparency in cross-border payments, the role of cross border instant payments, ensuring security in cross-border transactions and technologies driving transparency, speed, and security
Leveraging advanced money transfer software solutions in the global remittance market
The global remittance market is expected to reach $ 913 billion by 2025!
This stat by Statista signifies that the world has become a village with the power of technology as people migrate easily to earn and provide better lifestyles to their loved ones. Hence, international remittances have increased significantly.
And for this technological era, the traditional remittance system is both – inefficient and costly. The expectations of the customers are evolving consistently. Customers need remittance to be done at speed and with security.
And it is possible only with the help of advanced money transfer software solutions. This is why businesses like yours offering remittance services have started adopting money transfer software to stay relevant and competitive in the market.
In this blog, you will explore the role of technology in modernizing remittance services, key features of advanced money transfer software, the benefits of implementing money transfer software for remittance businesses, and how to choose the right money transfer software for your business and more
Final thoughts?
As the fintech world continues to evolve, it’s essential to stay updated with the latest innovations and opportunities. At DigiPay.Guru, we are committed to helping your business adapt to these changes seamlessly.
Quick Recap:
At DigiPay.Guru, we’re constantly innovating to ensure your business can leverage the best fintech solutions. If you're ready to take your remittance services to the next level or want to learn more about our offerings, contact our expert team today!