Sometimes, transactions go through quickly, and sometimes, they take several days. What are the factors affecting processing time, and is there a way to speed up the payment? Let’s address these questions in the following article. #1: Transaction volume High transaction volumes can overload payment systems, leading to slower processing times. This is especially true […]
At the core of all payments in Europe is the Single Euro Payments Area (SEPA), a pioneering initiative designed to make cross-border electronic payments as easy, efficient and secure as domestic ones. Understanding SEPA is essential for consumers and businesses alike, as it directly impacts how you conduct transactions across Europe. In this article, we […]
The number of online payments is growing every year. That said, credit card penetration remains very uneven. In countries like Israel or Canada, the rate exceeds 74%, while in Bangladesh, it remains at around 1% (source: Statista). Such numbers show that introducing alternative payment methods is not just an option but a must if you […]
In an attempt to gain the favour and loyalty of customers, businesses are coming up with more and more new solutions. Among the fruits of these efforts is Pay-by-Bank – an innovative alternative to traditional payment methods. This technology, which promises speed, security and convenience, has already gained a lot of popularity. However, like any […]
With the variety of payment schemes used for international transactions, it is easy to lose track of what is what. To keep things simple, today we will focus on three schemes – SWIFT, SEPA and Faster Payments – their differences and where Payop’s Pay-by-Bank falls among these three acronyms. SWIFT payments Let’s start with SWIFT […]
In recent years, Latin America has become the fastest-growing market for the online gaming industry. Given its potential for businesses, more and more companies are starting to explore its features and gamers’ needs. So, let’s dive into this together and see how you can win your game in this market. Current landscape of online gaming […]
We’ve previously written about Europe and Africa’s most popular payment methods among our merchants. This time, we’re covering another very interesting market – Asia. Learn about general developments in the payment industry and key features of the most used methods. General trends in payment methods in Asia Asia has seen a profound shift in payment […]
If you use payment or financial services and apps, you are probably at least relatively familiar with open banking. Its essence lies in the secure exchange of financial information with third-party providers to enable users to manage their finances in a more efficient and versatile way. But what does it actually mean, and how is […]