Payment Asia is renowned online payment solution provider company in Hong Kong, China that provides robust e-payment systems for easy and secure online payment processing.
Security plays a crucial role in the success of online
businesses. When it comes to business ethics and customer data, payment
security is the most important thing to be considered by companies. Customers
are most likely to trust an online website that promises to offer Omni channel payment solutionswithout
indulging in any fraudulent activity.
The Significance of
Payment Security
The security level of your payment process has the power to
make or break your business, as you could build a trustworthy brand over the
years or lose it overnight due to your online payment method. Security issues with
your payment system can make the customers feel vulnerable. Therefore, it is important
to reassure your customers about how your payment system uses their data and
the measures you have in place to protect their privacy.
Trust is everything in the e-commerce industry; thus, any
lapse in the security area can negatively impact your sales for many years. As
people have faith in various payment methods, you should aim at supporting their
preferred method to attract them to your website. Today, online credit card payment solutions are not enough to maximize your
growth and productivity as you also need to support lesser-known payment
methods. Apart from offering payments through major credit and debit cards, you
need to support other top payment services in the market to keep up with the
expectations of the valuable customers.
As the popularity of various Omni channel payment solutions in increasing day by day, companies need to have these payment solutions to offer a convenient checkout experience to the customers. These services are also popular for the fact that they offer an additional layer of security while providing a hassle-free online shopping experience with low transaction rate and other benefits.
William Hung, Payment Asia: "We decided to invest in blockchain in order to maintain the quality of our payment solutions and assist merchants with access to the new-era technology"
The birth of blockchain in 2008 (when Satoshi Makamoto first published his astonishing solution of The Byzantine Generals’ Problem) exhibited how proof-of-work chain could be facilitated without passing through the centralised and trusted third-parties. The speculation of bitcoin, the blockchain-backed cryptocurrency created by the enigmatic Mr. Makamoto, which came afterwards, generates an amount of wealth. When time goes by, the financial world realises, even though the boom has burst, that blockchain could be applied in wide ranges of commercial and financial transactions. The development of payment solutions is exactly part of the evolving story.
From centralised to distributed ledger
In modern business world, merchants often rely on centralised and trusted third parties, like banks, accountants, auditors and lawyers etc., to verify or record any transaction. Before the birth of the Internet, all words or figures were written or printed in black and white. In the age of the Internet, the practices are more environmental-friendly as those words or figures are electronically stored in physical or cloud servers. Still, one big problem remains: no matter in paper or electronic form, nobody can assure the third parties would not fail to perform, either technically or credibly. The Enron scandal told us even a worldwide known accountancy firm would fall down due to the destruction of its credibility. The existence of blockchain is exactly a breakthrough to tackle the issue.
Blockchain, or called distributed ledger technology (DLT), originally is the technical element that supports bitcoin to bypass centralised and trusted intermediaries and verification processes to record transactions immutably. Each ‘block’ records part of the information related to all transactions. Blocks are encrypted and arranged in order by time to form a ‘chain’. All authorised parties share the same ledger. When one party changes a record (say adding a new transaction or editing a previous transaction), a new ‘block’ containing the new information will be added at the end of the encrypted ‘chain’ in terms of timeframe to show it is the latest mark of changes. It is a shared ledger, so no single party owns it, and nobody can corrupt it (i.e. everybody will be notified for any changes).
Blockchain, payment and smart contract
Amid the speculation around bitcoin, the distributive feature of the technology is now being recognised by government watchdogs and financial institutions around the world. The US Federal Reserve issued Distributed Ledger Technology in Payment, Clearing and Settlement in December 2016 to present its extensive research on the applicability of blockchain in financial trading and payment solutions. The research paper highlights the fact that blockchain may help speed up and simplify the current slow and cumbersome cross-border payments processes. The Bank of England in The Macroeconomics of Central Bank Issued Digital Currencies examines a digital currency backed by DLT that may help reduce interest rates, distortionary taxes and transaction costs, which eventually benefit the economy. Another hot discussed blockchain-based element is smart contract, a computer program that automatically performs some actions (terms or conditions) of a contract once the pre-defined conditions are fulfilled.
Still, there are technical constraints of blockchain left to be overcome. As the Federal Reserve report notes, the number of concurrent transactions of some blockchain technologies are limited by their algorithm and cryptographic verification, and the continuous extension of blockchains may use up storage capacity quickly. Besides, the concept of smart contract, according to the Fed, may contradict with some basis in contract law, which remains to be reviewed by legal professionals.
Our investment and projection of blockchain
In the beginning, Payment Asia aims at riding on the express of China business and Asian economic boom, where the demand of payment gateways for facilitating intra and inter-regional trade is growing. It was in 1999, the era of Web 1.0.
We are now living in the Web 3.0, where the practices in the Internet are moving away from centralisation and one-way to decentralisation and interaction. As a veteran of payment solutions business, Payment Asia is now exploring the potential of DLT for merchants in different business sectors and looking forward to implementing the cryptographic and distributive technology in the latest ecommerce practices. Of course, it takes time for computer scientists and legal experts to address the storage capacity, reliability and legal concern, but once the peer-to-peer (P2P) technology is widely applied, the time and cost of intra- and international trading and transaction would be saved. It is the reason why Payment Asia decides to invest in blockchain in order to maintain the quality of our payment solutions on the edge, and ultimately assist merchants with access to the new-era technology. We envisage the day of P2P exchange of goods and services would come to our daily life soon, and the application of DLT, like cryptocurrency and smart contract, would be the key for merchants standing out from the crowd in the foreseeable future.
Setting up an
e-commerce venture is one of the best methods to make sure that your products
and services reach many users. Though your product is the most important aspect
of your venture, the way you receive payments for them also matters.
The need for
secure payment method
As a business owner,
you need to understand that while making payments online, the consumer has to
provide their important bank details. Since it is on the internet, until
secured properly, those details are vulnerable. An illegal third party can get
access to it without anybody’s knowledge.
As such you need to
make sure that all your transactions are secure and Payment Asia is one such
option that assists you to do that. Here are more reasons why you should
confide on Paymentasia.
·Secure
payment gateway: It allows you to set-up a secure payment gateway which makes sure all
your transactions remain confidential.
·User-friendly:
It allows you and your
consumers to set-up an account easily and to continue with transactions without
any third parties prying on them.
·Customer
satisfaction:Payment Asia has
risen to its current reputation within a short period and the major reason for
its popularity is its customer service. You can read more about it on
paymentasia reviews.
·Simply
User interface: With an easy
to navigate interface, it allows you and your consumers to complete your
transactions without any trouble.
·AI
Integration:One of its best
features is its AI integrated services, which allows the company to come up
with new methods to aid businesses and its consumers.
Connect with
Payment Asia today
So, if you have planned to expand your business
by creating an e-commerce portal to reach your consumers, then you can completely
rely uponPayment Asia. For more details on how to set-up your e-commerce
account, feel free to visit its official website. If you need any further
assistance, then you can always get in touch with its customer service
representatives.
It is important to
have a good online payment solution for smooth sailing of any e-commerce
venture. Money is a crucial factor, which everyone is concerned about, so if you
are able to handle the financial issues without any glitches, then the chances
of the business and its progression increase appreciably. Numerous solutionsare
available for you to choose from, but you need to be highly careful to make the
right selection. It is wise to with the one, which will understand the nature
and needs of your business, and offers exactly what you desire. It should be
easily accessible to your customers as well. Payment Asiais one such option, which you will find handy for your
business.
What do these solutions do?
A payment solution
platform has multiple things to look after. It needs to create, schedule and
keep an eye on all the monetary transactions that suit
various payment methods and is apt for the need of the customers. Depending on
the business requirement, this single platform designs all the necessary
solutions. Paymentasia reviewswill
help you to understand the features of this particular system and will show you
how beneficial it is for the purpose of business.
Top Features
• The company extends its services in different industries like aviation, tourism, finance, and e-commerce.
• Supports multiple currencies and payment methods like debit cards, credit cards, and others.
• Offers standard and premium packages depending on the types of the business.
• The application process is simple and requires less time to begin the action.
• Provides safety, security and protects the various types of business- be it physical or online.
The Paymentasiaonline payment solution works
toward easing out the troubles of the merchants who want a stronghold in
e-commerce. Therefore, you can definitely try it out!
Electronic payment has come a long way in giving your business a better
reach. By integrating the best e-payment solutions, you can see your business
growing and moving ahead in terms of sales. Incorporating this new technology
can easily overcome all the barriers in your business and take it to the next
level. Beyond doubt, e-payment solutions from renowned companies like Payment
Asia, offer numerous benefits, thereby increasing its popularity among the
business owners.
Benefits of e-payment gateways
Here are some of the advantages that your business can have with
e-payment solutions.
·Higher sales: E-payment
solution helps to incur more sales as people indulge in more buying and paying
it through their debit or credit cards. PaymentAsiais one name that can help you to set up the system and see it running
smoothly.
·Improved customer
satisfaction: Customer comes first for any business and by setting up the e-payment solution,
you can bring a big smile on their faces. It becomes easier to make the
payments and that too in a faster manner. Get in touch with paymentasiafor the brilliant and
incomparable solutions for your business.
·Secure way of
payment: Everyone wants his or her transactions to be fully secure and with a
trusted provider, you can look forward to complete security. Check out the Payment Asia Reviewsand you will find
it a worth option to go for. You can look out for the paymentasia Reviewsonline or you can even find the same on the
official website.
So incorporating a good e-payment solution can surely bring in the
benefits you are looking for along with more sales, more customers and happy
experience. Get in touch with the team of Payment Asia for all the help and
assistance you want to use the online payment gateway for your business. It
will indeed pave way for better business platform for your customers.
As a business owner, you always want to see your
operations performing at the highest capacity and earning revenues as per your
expectations. The best way to ensure it is by providing good quality products
and services to your consumers. It raises your market value and helps you in
bringing in new customers who would rely on your service. For consumers to be
satisfied to their fullest, it’s necessary for you to provide them with an
option of making their payments online. This is exactly the reason why you need
to have an online payment gateway service, like Payment Asia by your side.
What are online payment gateways?
Payment
gateways services allow you and consumers to conduct financial transactions in
a secure online environment. While making, or receiving payments online, you
need to enter your bank account details and other personal information. Since
internet without security can be very insecure, for the safety of your money
and your personal information, it’s necessary to conduct them in a secure
environment. Payment Asia is that
secure environment which ensures your transactions with your clients is
confidential. You can know about this company in detail through Payment Asia reviews posted by satisfied clients.
How does it work?
Once
you close a deal with your customer, it’s now the time for the latter to make
the payments. All they need is to fill in the required details on the Payment Asia Reviews interface. Once
completed, it creates a secure bridge between your business account and your
client’s bank account. This makes way for secure transaction of money between
the two points. Payment
Asia
has been a trusted name in the list of leading online payments gateway service
providers. This is the reason why it holds high-end credibility by countless
business owners across Asia. So, if you own a business and want to see your
consumers satisfied, provide them with the best online payment experience with Payment Asia. For information on this renowned service provider, you can always go
throughPayment Asia reviews.
When it comes to e-commerce, it is important for every
business to figure out different ways to survive in the market. To stand away
from the crowd of competitors, you need to implement ideas that are one hand
ahead of the others. One such implementation is theElectronic Payment Solution. This factor is alone enough to change
the way you receive your payments on your website. When we talk about
electronic payments, it means any transaction that takes place through a debit
card, credit card, online banking, e-wallets, or any other electronic mode of
transaction. The more payment options you make available on your site, the more
you increase the chances of purchases by the customers.
There are a number of experienced Online Payment Service Providers available nowadays who can help
you in increasing your sales through their safe and secure services. These
service providers are specialized in offering you the most secure as well as
innovative solutions related to mobile and online payments. No matter whether
your online business is domestic or global, small-scale or medium-scale, an
electronic payment service provider can offer you great benefits on a
short-term and long-term as well. One such top-notch service provider is
Payment Asia which offers end-to-end payment solutions to all types of
business.
So, if you are also
looking for any kind ofElectronicPayment Solution for your business and wish to boost your sales instantly,
get in touch with a renowned and experienced service provider today!
