In today’s fast-paced digital payments ecosystem, speed, security, and interoperability are non-negotiable. Customers expect frictionless experiences, and businesses demand scalable solutions to meet rising transaction volumes. For Payment Service Providers (PSPs) and banks, adopting innovative technologies is critical to staying ahead. One such game-changer is EMV QR—a globally standardized QR code payment system designed to streamline transactions while enhancing security. Here’s how PSPs and banks can harness EMV QR to revolutionize payment processing, with a technical deep dive into its...

The payment landscape is undergoing a significant transformation, driven by advances in technology and changing consumer behavior. One innovation that’s gaining traction is Softpos, a software-based point-of-sale solution that enables merchants to accept contactless payments using their mobile devices. In this blog post, we’ll delve into the technical aspects of Softpos payment processing providers. What is Softpos? Softpos is a mobile application that transforms a smartphone or tablet into a secure payment terminal. This innovative solution eliminates the need for...

As digital payments continue to gain traction worldwide, businesses are looking for more flexible, cost-effective, and secure ways to accept payments. SoftPOS (Software Point of Sale) technology is becoming an increasingly popular choice, allowing merchants to accept contactless payments using just their smartphones or tablets—eliminating the need for traditional POS hardware. What is SoftPOS? SoftPOS is a software-based solution that turns any NFC-enabled smartphone or tablet into a payment terminal. By using tap-to-pay technology, businesses can accept card payments without...

The U.S. payments industry is evolving rapidly, with businesses demanding faster, more flexible, and cost-efficient payment solutions. For PSPs, Acquirers, OEMs, and Banks, the ability to deploy and scale custom-branded POS terminals without long development cycles or high costs is crucial. A White-Label Android POS provides the perfect solution—allowing businesses to offer a fully branded payment experience while leveraging a pre-certified, ready-to-deploy infrastructure. Why White-Label Android POS? For Payment Service Providers (PSPs), Acquirers, OEMs, and Banks, a White-Label Android POS...

Peer-to-peer (P2P) payment apps have transformed the way individuals send and receive money worldwide. However, the technology and infrastructure behind these apps differ significantly by region. India’s P2P payment ecosystem relies on UPI (Unified Payments Interface), the USA operates on a mix of ACH, card networks, and RTP (Real-Time Payments), while Europe primarily depends on SEPA (Single Euro Payments Area) and local banking systems. This article compares the commonly used P2P apps in India, USA, and Europe, analyzing their technical...

The digital payment revolution in India has been significantly driven by the National Payments Corporation of India (NPCI), transforming the way businesses and consumers transact. The introduction of eKYC and UPI has not only streamlined payments but has also ensured secure, scalable, and cost-effective merchant onboarding. Compared to traditional payment systems worldwide, UPI stands out as a quick, seamless, and widely adopted solution, leading the way in financial inclusion and digital transformation. The Rise of UPI and eKYC in Merchant...

Digital wallets are reshaping the payment industry by offering faster, secure, and more convenient alternatives to traditional methods. The U.S. digital wallet market, valued at US$31.429 billion in 2020, is projected to grow at a CAGR of 11.54%, reaching US$67.520 billion by 2027. This growth is driven by smartphone adoption, fast internet, and a preference for contactless payments. Key players entering the digital wallet space include: Apple Pay – With 5% of global mobile payment volume in 2020, Apple continues...