#Paymentsplatform

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Secure Your Transactions with Safexpay's Online Payment Platform in UAE

Safexpay is a leading online payment platform in UAE that offers a secure and reliable way for businesses to transact with their customers. With its cutting-edge technology and seamless integration with multiple payment channels, Safexpay enables businesses to provide a hassle-free checkout experience to their customers, thereby increasing customer satisfaction and retention. The platform supports all the major payment methods, including credit and debit cards, net banking, UPI, and wallets, which allows businesses to cater to a wide range of customers. Whether you're a small business or a large enterprise, Safexpay's online payment platform is designed to meet all your transactional needs. With its user-friendly interface, round-the-clock support, and competitive pricing, Safexpay is the go-to platform for businesses looking to streamline their payment processes and enhance their customer experience.

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#P27 #Nordic #PaymentsPlatform to build #RealTimePayments sys. http://bit.ly/2LkMshV The P27 Nordic Payments Platform (owned by Danske Bank, Handelsbanken, Nordea, OP Financial Group, SEB and Swedbank) have announced a partnership with Mastercard to provide real-time payments across the Nordic markets. The partnership will connect people across the cluster of countries using multiple currencies. The ambition being to transform how money moves for consumers, businesses, society, and the payments industry itself. This major investment programme is a world first in terms of a real-time and batch multi-currency platform and will replace the existing payment infrastructure, enabling instant and secure payments at lower costs and increased competitiveness. Participants will be able to send and receive funds immediately across the Nordic markets at a lower cost and with higher security. Adding to the speed and convenience of bank account to account payments across the region this will not only offer people greater choice and opportunity, it will improve economic growth and employment by enabling new products, services and business models to develop. “This is change for real. By joining forces across the Nordics we will be able to develop instant payment solutions in a way that each country never would accomplish by themselves,” says Lars Sjögren, CEO P27 Nordic Payments Platform. “By sharing the costs between the Nordic countries, we will get a state of the art payment infrastructure in the Nordics with the highest standard when it comes to security and efficiency; further boosting innovation and growth in the Nordics.” The new payment platform is subject to regulatory approvals and final investment commitments. #Fintech #OpenBanking #PSD2 #payments #Cybersecurity @archonsec @alvinfoo @guidodeckstein @UrsBolt @@CoddDateCH @Fabriziobustama (hier: Canton of Zürich) https://www.instagram.com/p/Bzl-vSJizzO/?igshid=tajnmbqudqoo

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Amex Launches Blockchain-Based Payments Corridor Using Ripple

American Express has partnered with American fintech startup, Ripple to introduce a payments platform that will transfer money from the U.S to England in just a few seconds. This process used to take as long as two days using Swift.

Faster, safer and cheaper

Ripple, which is headquartered in San Francisco, is a startup that strives to make transfers not just faster but also safer and cheaper. It does this using RippleNet, its blockchain technology. Blockchain is a public database of transactions that is maintained by a network of computers from all around the globe that is widely known as the technology that is behind Bitcoin. American Express joins a growing number of global financial institutions that are already integrating Ripplenet into their technology especially for international money transfers. They include SEB, a Swedish bank which is already using Ripplenet to connect Europe and the U.S by connecting its Stockholm operations to New York. Others include Standard Chartered, Accenture Plc, Bank of America and Credit Agricole.

Partnership with Santander

The instant transfers by Amex are made possible through its partnership with the Spanish bank, Santander. Before this, Amex had to go through the banks where it would send Swift messaging to the banks requesting the payments. However, now Amex has a direct connection to the banks through Ripple's cryptographic infrastructure which makes the transfer of value instant. This corridor is being run by Amex's FXIP division.

The future of financial technology

The blockchain technology is being hailed as the future of financial transactions. It is set to transform a process that has for a long time been complex, slow and costly. It has other diverse applications including settlement of securities, in the voting process where it prevents voter fraud, record management system for hospitals and supplying financial aid to the impoverished. The financial sector is the field where its applications have brought the most impact. It is set to reduce the cost of financial transactions by close to 60% and make the processes more efficient and transparent.

Adapting to new technology

Amex has distinguished itself as one of the companies that adopt new technology with ease to give its customers the best experience. It recently joined the blockchain community after it partnered with popular Bitcoin wallet, Abra to provide its customers with the opportunity to fund their Abra wallets through their credit cards. They can also instantly send payments and withdraw cash all over the world using Bitcoin to avoid the fluctuating exchange rates. This was the first partnership between a major credit card and a digital card.

Ripple's edge

The blockchain-based transfer platform is becoming very competitive. Swift, which remains Ripple's biggest competitor, is already developing its own blockchain using Hyperledger to directly compete with Ripplenet. Other startups are also developing innovative uses of the blockchain technology and are fast becoming a threat to Ripple's dominance. The use of Ripple's native digital currency, XRP, can however help Ripple maintain its dominance. This will no longer require its users to hold other currencies such as the U.S dollar or British pound and will instead result to XRP for liquidity purposes. Read the full article