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- BlogGlobal Acquiring: A Guide to Cross-Border PaymentsKostiantyn Prymak
Nowadays businesses are no longer confined by geographical boundaries. The rapid growth of digital transactions has created new opportunities for companies to reach customers across the globe. However, with these opportunities come challenges, particularly in managing cross-border payments. Global acquiring...
Read more - BlogOnboarding Global Sellers: Challenges and Opportunities for Online MarketplacesKostiantyn Prymak
As global online business is projected to experience significant growth with a compound annual growth rate (CAGR) of over 10% from 2024 to 2028, the importance of global selling for online platforms is increasingly critical. These platforms are constantly seeking...
Read more - BlogIt’s a match: Launching an online dating businessKostiantyn Prymak
Online dating business is a rising trend of the last decade. As much of the world will be digitalised, as higher customer demand on online dating platforms will rise. Now this industry provides great business opportunities, that’s why a lot...
Read more - Blog2024 Fintech Industry Report: Overview and Growth PredictionsKostiantyn Prymak
Report Transferty’s new report called “2024 Fintech Industry Report: Overview and Growth Predictions” offers a deep dive into the trends, opportunities, and technological advancements influencing the future of the Fintech industry. Designed for business leaders, investors, and industry stakeholders, our...
Read more - BlogStarting PSPs: Growth Strategy Tips for Early-Stage BusinessKostiantyn Prymak
Launching a Payment Service Provider is a complex activity requiring a solid strategy to ensure business success in the payment industry. The proliferation of payment solutions and the dominance of established players make it essential for new PSPs to adopt...
Read more - BlogEntering an Online Gambling Business: A Comprehensive Guide for Smooth PaymentsKostiantyn Prymak
Entering an online gaming business can be a rewarding venture, but it demands meticulous planning, adherence to regulations, and attention to detail. However, with an understanding of what this business is, how it works and what you should do, you...
Read more - BlogThe Evolution of MiFID II and Its Impact on Europe’s Fintech MarketKostiantyn Prymak
The Markets in Financial Instruments Directive II (MiFID II) has been a vital part of financial regulation in the European Union since its implementation on January 3, 2018. Designed to enhance investor protection and increase transparency in the financial markets,...
Read more - BlogThe Future of Online Gambling: Key Trends for 2024Kostiantyn Prymak
The online gambling industry has experienced remarkable growth in recent years, and as we enter 2024, it shows no signs of slowing down. With advancements in technology and shifting consumer preferences, the landscape of online casinos and virtual gaming is...
Read more - BlogISO/MSP: Role in Payment ProcessingKostiantyn Prymak
ISOs and MSPs are pivotal entities that facilitate credit card transactions for businesses. However, many businesses still have a lack of knowledge on their functions and characteristics. Today we will discover more on the definitions, roles, and challenges of ISOs...
Read more - BlogEMEA Regional Financial Trends and Predictions for 2024Kostiantyn Prymak
The financial technology landscape within the Europe, Middle East, and Africa region (EMEA) has been notably dynamic over the past few years. In this article we will compare the analytics of 2023 and 2024 to provide a comprehensive understanding of...
Read more - BlogPayment Processing Fees: How much and how long?Kostiantyn Prymak
Looking for a payment provider can be a slow and challenging process. At the first glimpse all of them look similar. However, getting deeper into their specificities you may find the great differences. As you found the best one for...
Read more - BlogStreamlining Business Finances: The Benefits of Reconciliation in Payment GatewaysKostiantyn Prymak
As businesses rely heavily on online transactions to facilitate their operations and generate revenue, the fintech industry is rising the features to correspond to the relevant needs of merchants. With the increasing complexity of financial processes, reconciliation in payment gateways...
Read more - BlogGlobal money movement: Payment gateway roleKostiantyn Prymak
The Role of Payment Gateways in Global Money Movement The movement of money across borders is a critical aspect of the global economy, and payment solutions play an essential role in facilitating this process. Gateway solutions are online platforms that...
Read more - BlogTop-5 Payment Gateways for 2024 WorldwideKostiantyn Prymak
The digital payment landscape is continually growing. The payment gateways perform as a facilitator of seamless transactions for businesses and consumers alike stimulating the growth of online payments. In 2024, selecting the right payment gateway is more critical than ever,...
Read more - BlogDigital Payments: Comprehensive Guideline on Payment Gateway UKKostiantyn Prymak
In the British digital marketplace of today, where numerous transactions are being processed every second, the security and efficiency of these financial operations hold paramount importance. The corestone of online commerce is the payment gateway, a technological solution that ensures...
Read more - BlogPayment gateway: Multilateral Guideline for BusinessesKostiantyn Prymak
Payment gateways could be named as a core of online commerce, ensuring transactions are not only seamless but secure. Acting as a mediator between customers, merchants, and banks, these gateways encrypt sensitive information, such as credit card numbers, to safeguard...
Read more - BlogPCI DSS: Everything you should know aboutKostiantyn Prymak
Nowadays, when financial transactions are increasingly executed online, the security of cardholder data has never been more crucial. Businesses of all sizes are seeking ways to ensure their customers' payment information is protected against the rising tide of cyber threats....
Read more - BlogTop Cybersecurity Threats of Financial Ogranisations 2023-2024Kostiantyn Prymak
Nowadays, the importance of robust security measures cannot be overstated. As businesses increasingly move their operations online, the protection of sensitive data and the trust of customers have emerged as pivotal elements of success. Transferty is presenting the key cybersecurity...
Read more - BlogTransferty’s industry overview #1Kostiantyn Prymak
Digital payment industry is rapidly evolving. To keep on track of the latest payment insights we want to present new column, where Transferty experts overviewing the most interesting news from the previous month to find out how Fintech grows Growth...
Read more - BlogThe Evolution of Recurring Payments: Opportunities and ChallengesKostiantyn Prymak
In an era dominated by digital transformation, recurring payments have emerged as a corestone in the subscription-driven economy. The global recurring payment market is on an upward trajectory, expected to grow from $13.2 trillion in 2023 to $15.4 trillion by...
Read more - BlogCBDCs Integration: Streamlining Cross-border Payments with the New TechnologiesKostiantyn Prymak
Central Bank Digital Currencies are expected to improve cross-border payments, offering the features making transactions faster, more secure, and less costly. As we step into 2024, the impact of CBDCs on international payments is becoming increasingly apparent, driven by the...
Read more - BlogTransferty in Top-10 payment security solution providers of 2024Kostiantyn Prymak
Transferty, recently honoured among the Top-10 payment security solution providers by GRC Viewpoint. Our recognition underscores the pivotal role in contributing to the broader technological development within the online payment industry. Our work is pivotal in safeguarding financial information and...
Read more - BlogPoland’s Digital Payment Landscape and the Role of Payment GatewayKostiantyn Prymak
Poland's digital payment landscape is a rapidly developing market of online transactions, showcasing an impressive blend of innovation, technology, and consumer behaviour trends. With nearly 90% of the population now online and the e-commerce sector poised for significant growth. Understanding...
Read more - BlogComprehensive Guide On The Merchant Onboarding ProcessKostiantyn Prymak
In the digital market it is important to implement efficient and secure payment processing systems for businesses to grow. At the heart of these systems is the merchant onboarding process. This critical procedure involves integrating a business with a Payment...
Read more - BlogOpening High-Risk Merchant Accounts in the UK: A Comprehensive GuideKostiantyn Prymak
The modern financial landscape makes businesses categorised as 'high risk' face hurdles when seeking standard merchant accounts from traditional banking institutions in the UK. However, for those operating in such sectors, understanding high-risk merchant accounts becomes imperative. This comprehensive guide...
Read more - BlogPayment gateway providers for Cyprus, how to choose the best oneKostiantyn Prymak
Today the smooth processing of online payments is crucial for businesses seeking to enhance customer convenience and optimise cash flow. Payment gateways serve as the core of this process, enabling secure transactions while offering businesses various options and functionalities. However,...
Read more - BlogHow Fintech grew in 2023 and what should we expect in 2024Kostiantyn Prymak
The passing year of 2023 marked a significant milestone for the Fintech industry. The Digital Payments market was anticipated to hit a staggering US$9.45 trillion, as predicted by Statista. Experts and industry insiders shared their insights, envisioning trends that would...
Read more - BlogThe Evolution of Payment Service Providers: Adapting to Modern Business NeedsKostiantyn Prymak
Payment Service Providers are one of the key actors in global online payments. These companies ensure the transaction flow and growth of the businesses, working online. This industry opens a lot of opportunities, attracting more and more companies to open...
Read more - BlogWinning Strategies: How PSP could gain new partnershipsKostiantyn Prymak
A Payment Service Provider is one of the main actors of the online payment process. Such a position opens great opportunities for the companies working in this industry. Figuring out what is a payment service provider and which opportunities this...
Read more - BlogPayment Gateways, PSPs, and Payment Orchestration: What’s the differenceKostiantyn Prymak
Nowadays, businesses are presented with a myriad of options when it comes to handling online payments. Selecting the right payment solution can make all the difference in ensuring smooth transactions and customer satisfaction. Payment processing has evolved significantly, offering various...
Read more - BlogOnline Betting Market of Cyprus: Dynamic GrowthKostiantyn Prymak
The landscape of online betting in Cyprus has witnessed remarkable growth since licensed operations began in 2017, transforming it from only a picturesque Mediterranean destination to a fascinating hub for the online gambling industry, as well. Now Cyprus can be...
Read more - BlogMastering Malta’s Online Gambling Regulatory LandscapeKostiantyn Prymak
The world of online gambling is a thriving ecosystem of opportunity, and for entrepreneurs looking to make their mark, choosing the right destination is a strategic move. Enter Malta – a global epicentre for iGaming. But before you start this...
Read more - BlogCzech Online Gambling Legislation: Regulation and Payment Processing LifehacksKostiantyn Prymak
Industries are continuously shaped by evolving technologies and shifting regulatory landscapes. The world of gambling has experienced significant transformation, propelled by the rise of online platforms. In the centre of Europe, the Czech Republic emerges as a captivating case study...
Read more - BlogUnlocking Business Expansion in the Gambling IndustryKostiantyn Prymak
When it comes to online gambling, the laws and regulations of different countries and regions may become ambiguous for the businesses that want to enter the market. The attitude even towards local and foreign operators varies significantly from state to...
Read more - BlogSafeguarding Digital Payments: 7 tips to ensure vital protectionEleonora Smirnova
Nowadays, businesses are increasingly relying on online payments to facilitate transactions with customers. However, ensuring the security of these digital payments is of paramount importance. With the ever-evolving threat landscape, businesses must adopt robust measures to protect sensitive customer information...
Read more - BlogUnleashing the Potential: How to boost the efficiency of PSPsKostiantyn Prymak
In the competitive realm of Payment Service Providers, optimising performance is paramount to success. PSPs operate in a dynamic and challenging landscape where optimising performance is crucial for success. Technical complexities and evolving payment requirements can pose significant hurdles for...
Read more - BlogStarting an ISO/MSP: Challenges and OpportunitiesKostiantyn Prymak
As the payment industry continues to evolve and expand, many businesses are exploring the benefits of becoming an ISO (Independent Sales Organization) or MSP (Member Service Provider). These companies play a critical role in the payment ecosystem, acting as legal...
Read more - BlogPayment Trends in 2023: Insights from Payment ExpertsKostiantyn Prymak
The payment industry is constantly evolving, driven by advances in technology and changes in consumer behaviour. In 2023, we can expect to see a number of trends that will shape the way businesses process payments and engage with their customers....
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