article thumbnail

Mobile Credit Card Processing Explained: What Business Owners Need to Know

Stax

According to Forbes , “mobile payments are increasingly being used by U.S. Not only are there a number of ways your customers could be using their mobile devices to give payments, but you as a business owner could be leveraging mobile devices to accept them as well. Understanding what you want is the hardest part.

article thumbnail

Why India Leads in Digital Payments

Andreessen Horowitz

The groundwork was Aadhaar (“foundation” in Hindi), a nationwide database established by the government in 2009 to enable digital identity verification. In 2016, nearly 90% of all transactions in India were cash-based; as of 2022, cash in circulation in payment systems had declined to 20%.

article thumbnail

What is Fintech? Explanation and examples

Panintelligence

Payments (Paytech) Payment technology, commonly known as Paytech, encompasses a range of digital payment solutions designed to ensure secure and efficient transactions. Mobile payment services like Apple Pay and Google Wallet allow users to make payments seamlessly using their smartphones.