PaymentAsia Reviews - E-Payment Management Company in Hong Kong: Advantages Of Partnering With Payment Asia
Tuesday, September 27, 2016
PaymentAsia Reviews - E-Payment Management Company in Hong Kong: Advantages Of Partnering With Payment Asia: Payment Asia is one of the leading payment gateways partnering with local and international businesses and helping them to expand their b...
The e-payment conference in 2017 that will be Seamless
Sunday, September 25, 2016
The biggest event on payment systems, cards and the future of payments are taking place in a conference with the apt title of Seamless. In 2016, this event hosted over 6000 attendees with more than 170 companies exhibiting services. In 2017 the event is divided into three segments that will be hosted in Singapore during April 19-20, 2017
Seamless payments
New payment technologies are being adopted as well as adapted by banks, merchants, and retailers. The event will be an opportunity for discussion and evaluation on a single platform current, future, and alternative payment strategies
Seamless e-commerce will empower the best brains in e-commerce startups as well as established giants to further innovate this fledgling trade and increase the value chain. The subjects on offer will include digital marketing and delivery fulfilment along with payment options. Seamless e-commerce promises to be the best catalyst for e-commerce growth. The brightest minds in the ecosystem will trigger innovative ideation by thinking differently. It is also leveraging relationships and brings in new experiences to inspire change. Cutting edge technology will be the focal point of the conference and robotic delivery systems will, of course, be on the agenda. For the people in the business, it is the right exposure and being part of new trade worldwide.
Seamless retail is the third segment in Seamless 2017 that will open opportunities and give fresh ideas to change the face of retail. Retailing or detailing will enable Asian retailers to adapt and grow in the interconnected world of e-commerce.
The themes across the three segments will incorporate Research in Digital marketing and merchandise, Purchase involving payments and multi-channel opportunities, Fulfilment includes Home delivery and supply chain and post fulfilment involving the all important customer satisfaction.
Payment Asia has been a key participant in all the earlier events and 2017 will be no different as they learn and imbibe new technologies and also strengthen their presence in the Asia Pacific region. Payment Asia reviews for 2016 indicated to the management as well as customers that interaction through exhibitions is empowering both industries as well as the customers.
The growth story of Payment Asia
Thursday, September 22, 2016
One of the fastest growing payment gateway companies is Payment Asia. A quick check of Payment Asia merchant vendor network gives a global picture. Stretching from North America's West Coast as far as Alaska and Greenland the Hong Kong-based payment gateway is now serving merchants in Brazil, Central Africa, Scandinavian Europe, Northern Russia, Turkey and of course South East Asia. The Far East has merchants in Japan as well as Northern Territories of Australia. What this geography lesson does is give an insight into the multi-dimension thinking and strategic approach of this payment gateway that is entering uncharted areas sensing opportunities. The entrepreneurship of Payment Asia's owners stems from the school of developing business with unconventional models.
They have evolved from being a leading e-payment solution provider to becoming a technology partner of businesses delivering all-encompassing secure and transparent services. The services rendered are uncomplicated and the network spans the globe in delivering speedy payment processing. Starting in 1999 as an online payment gateway Payment Asia is among the top payment gateways such as Alipay and Tenpay in Asia.
They offer several standard online payment services and are particularly adept in
· Fraud control
· Risk management
· Prepaid card services
· E-wallet
· Virtual Account Services
· Integrated micro-payment management services
Small business is served with standard packages beginning with a simple application which takes just seven business days for complete approval while existing merchants with large revenues are offered premium packages that lower the cost of outstanding. By leveraging multi-currency platforms and multi-lingual processes, businesses are assured of seamless operations and settlements. Payment Asia acquired Fraudway in 2006 and since then have been providing some of the best protection to users of electronic trading services. Payment Asia reviews are all praises for this state-of-the-art fraud detection system enabling thousands of users tension free electronic trading.
Social media CRM better online payment gateway business
Tuesday, September 20, 2016
What do Xiaomi, Haier, Alibaba and Payment Asia have in common? First, they are all Chinese entrepreneurs. Second, they have branched out from their core competency. Xiaomi the smartphone maker led by Lei Jun is branched out to venture capital firm Shunwei Capital and together are tied up with other companies in the domain of wearables for health monitoring devices as well as video content for online streaming sites.
Haier the white goods manufacturer from China has completely stripped the hierarchy of top-down management and allowed entrepreneurship by employees in Haier to have their own small enterprises creating a win-win partnership between Haier and its employees.
Everybody knows Alibaba led by Jack Ma. This e-commerce giant is riding the coattails of success and with the launch of its own finance ecosystem termed Alipay has become the most dominant online payment gateway in China.
Payment Asia headquartered in Hong Kong has reached those parts of the world where others are scared to tread such as Greenland, Alaska, Brazil, Central Africa, Northern Russia, Siberia and Northern part of Australia among other places on the globe. They have created robust fraud detection systems into their payment architecture and with their focus on small and medium businesses; they are building trust and confidence in the small business men who will be tomorrow's Alibaba. By lowering the cost of the transaction via smart technology Payment Asia has leveraged e-commerce checkout systems with user-friendly experience for both vendor and customer.
All the above-mentioned enterprises have another thing in common. They are big on social media. Customer relationship management has taken a big leap with these enterprises using comments and feedback via social media interaction. In fact, Payment Asia reviews have benefitted the online gateway several times to better the experience with one-on-one interaction.
Legacy rules do not hamper growth of payment systems in Asia
Monday, September 19, 2016
Asia is the key driver when businesses talk about market changing conditions. Western management styles are proving outdated in the sense that building core competency is considered outdated. Market changes being disruptive in nature competition is constantly evolving. Companies in Asia have taken a paradigm shift to thrive in this dynamic movement.
The best example of the above philosophy can be seen in China's ecosystems that are developing collaborative atmosphere and scaling network effects around their core business. This is enabling them to fill in the gaps in the system - for example, Jack Ma quickly morphed Alibaba into another finance ecosystem called Ali pay that strengthened payment systems and made the e-commerce marketplace between vendor and consumer into a seamless environment.
The merger of DidiChuxing with Uber and subsequent tie-up with Alipay has paved the way for Payment Asia to tie up with Grab Taxi in Singapore. The new term is operative competition. The core competency of one business is added to the core competency of another business. The business models of each business actually bring prosperity to the other with the result that sustainability is maintained even if there is a downturn. The example of real estate prices taking a nosedive in London due to Brexit exposed the deficiency of so-called 'core competency' in the system.
Alipay and Payment Asia have the experience of Paypal to understand the issues that cropped up in the early years of online payment. Other payment gateways in Europe and America had to contend with fraud in card systems. Payment Asia has quickly learnt from others as they collaborated and ultimately took control of Freud away in 2006 that allowed them to offer robust and tension free online payment systems to their customers. The experience of merchants, as well as customers, is well documented in Payment Asia reviews with most of them giving thumbs up.
Hybridization of ecommerce and payment gateways for globalization
Friday, September 16, 2016
Merchants in Alaska have a common thread with merchants in Siberia and so too do merchants in the upper reaches of Australia. They all enjoy payment service provider Payment Asia. These areas are not in the top tier of market volume transactions. Payment Asia is on a globalization drive taking them into uncharted territory. This is a smart move in their strategy. Going out of their comfort zone of South East Asia is important as otherwise they would never know how to approach markets that do not enjoy economic opportunities along with economic growth such as Myanmar or Vietnam. Balancing such markets allows this payment service provider to gain better insights in globalization.
E-commerce ventures in America and Canada have become mature since Amazon in 1994 and eBay in 1995 began. Alibaba started in 1999 and while e-commerce is starting to make inroads in other parts of South East Asia the experience of mature e-commerce countries in e-payment activities adds to the burgeoning marketplaces experience in Asia. There is no doubt that the evolution of C2C (customer to customer) and B2C (business to customer) and eventually branding is happening across the board.
There is also the cultural difference in each region. For instance, the eBay auction model is not suited to Asian markets. The culture in Asia is more directly such as person-to-person which is happening through chat forums and soul type or bazaar type models. Asia is a crowded marketplace population wise and the hustle and bustle approach is part of the cultural makeup.
The amalgamation of Amazon-style direct retail with traditional Asian style chat approach is paying the right dividend in Asia. One-on-one interaction with payment service providers with customers is also a key driver for establishing trust between vendor and customer. The posts on Payment Asia reviews Facebook pages are a barometer reflecting this ideology, which is ingrained in the Asian psyche.
Related Source: http://paymentasiareviews.blogspot.in/2016/03/online-payment-systems-under-one-roof.html
The future of online payment
Wednesday, September 14, 2016
Here is a simple statistic of online payments. The subject matter is Paypal which needs no introduction. To sum up their history the online payment gateway was cofounded by Elon Musk, Peter Thiel. Luke Nosel and Max Levchin around 2000.Ebay purchased Paypal in 2002 for 1.5 billion dollars after Paypal had a successful IPO. eBay's success as an e-commerce giant is greatly attributed to incorporating Paypal's payment technology.
In 2015Paypal's revenue was nearly 8 billion dollars contributing to 44% of eBay's revenue. There were over 160 million users on Paypal and nearly 13 million transactions were handled each day. In 2015, eBay decided to split Paypal from eBay to became an independent entity. From July 2015Paypal is a separate business. The competition that Paypal faces is coming from Alipay (spin off from e-commerce giant Alibaba), Apple pay( a division of Apple) Google Wallet (under the umbrella of Alphabet) Square and Stripe. In Asia, there are Tenpay, Payment Asia, PayTM and several other startups. Alipay by dint of operating in China has an inherent advantage of a strong domestic base – China’s internet population is nearing 600 million.
Prior to 2014 only about 25% of payments online were conducted on mobile devices. With over 2 billion smartphones in the world, this statistic is morphing in the sense that over 60 % of online payments are conducted on mobile devices worldwide. New technologies such as blue tooth, NFC (near field communications) fingerprint sensors for authentication, other biometric sensing devices are invading payment gateways. So too is fraud as scammers are also keeping touch with technology. Taking a leaf out of Payment Asia's fraud detection and encryption technology the Payment Asia reviews on social media forums testify to the customer satisfaction and excellent user experience. Trust issues will score over technology eventually.
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