Top Fintech Trends to Flourish in 2021

Fintech is changing our lives! Fintech development services and Fintech companies have taken over the globe and hence placed enormous pressure on the conventional industries to collaborate and adapt accordingly. Despite that the pandemic caused many businesses to downsize and deal with financial loss, the Fintech sector has displayed more resilience than any other sector!

The impact of the pandemic on global business has taught us about the uncertainty of life. The sectors of travel and hospitality seemingly took the strongest hit. In contrast, other digital space sectors, such as online gaming, e-commerce, and e-learning, saw a massive boost.

The same goes for the Fintech industry, which witnessed an enormous rise as the pandemic encouraged financial institutions to shift to online channels. Due to social distancing and safety measures, people all around the globe are increasingly embracing the digital approach of Fintech for online payments. Read on to learn more about what to expect from Fintech development services in 2021.

Promoting Financial Literacy

With the expected growth of Fintech apps usage, Fintech is more likely to boost global awareness of Fintech possibilities and meet the user’s needs and demands while promoting financial literacy. Simply put, as users will gain awareness of what Fintech development services have to offer, they are more likely to spread the word while reaping maximum benefits from the app.

Fintech is all set to promote financial literacy and provide solutions to people who struggle with money. By promoting financial literacy and providing solutions to support financial literacy, the Fintech companies are all set to gain long-term clients who are the least likely to switch financial apps.

Contactless Smart Financial Systems

The pandemic has caused us to go contactless, including the way we shop, conduct business, and make payments. Since the world has essentially gone digital, it has also raised equal concerns about cybersecurity and sensitive issues related to private data leakage.

The wide availability of mobile banking has also given rise to cybercrimes. This is why Fintech development services in 2021 include the availability of extreme security measures. Understandably, biometrics is one of the most secure methods to take security measures to the next level while providing the clientele the confidence that everything is protected. Nonetheless, in the face of the ongoing pandemic, contactless smart financial systems are soon to become the new norm.

Blending Micropayments With Personalization

The trend of personalization has been emerging in all industries, and Fintech is no exception. Micropayments have been made evidently easy with Fintech apps. The transaction of money that comprises a minimum amount/ small sum has seen a surge with the surge in Fintech popularity.

That said, it wouldn’t be wrong to state that micropayments sync with personalization and are the ultimate cornerstone in making micropayment transactions globally accessible. Micropayments are of utmost visible in the latest payment methods, such as digital wallets and financial platforms dealing with cryptocurrency, such as bitcoin. Despite that cryptocurrency is received with mixed feelings by many people, having Fintech in the market is quite refreshing.

The Increasing Acceptance of Cryptocurrency

Fintech has also propagated an increase in cryptocurrency’s popularity, which has been the center of attention of the world for quite some time now. This divided attitude of the global banks and the world, in general, is due to the lack of global regulations related to cryptocurrency. The highly cautious approach of authoritative global entities has divided U.S. authorities over how they ought to treat and view cryptocurrency. Much debate has been going on regarding treating cryptocurrency as a commodity or whether it should be accepted as a currency and property. The possibility of launching the digital euro is high as the European Central Bank is currently conducting a public consultation.

Final Thoughts

While meeting the increasing demands and needs of their customers, the Fintech development services continuously accelerate, intending to provide better services while allowing users access to quicker transactions. The improved transparency and secure transaction system of the Fintech apps have enabled them to pick up momentum while improving customer experience.

The Fintech industry’s future may evolve within the respective sectors of finance, insurance, and wealth management. It is anticipated that legislation, technology, and the key global financial players will collaborate to launch innovations and uplift the financial ecosystem worldwide.

Best Tools to Simplify Your eCommerce Business

Operating an e-commerce business is both thrilling and exhausting at the same time, and you may be able to handle all the basic tasks for getting it off the ground; you will require more help as you begin to develop.

It makes sense to invest in anything that code simplifies the task and makes it easy for everyone to help a business achieve its goals.

Whenever it has something to do with order management, product inventory, customer service, or web design and marketing, the good news is that there are convenient tools for getting the work done. Below are some of the popular and efficient E-Commerce business tools that you may consider for scaling your business at a much fleeter pace.

1. Quickbooks

One of the essential aspects of running a business is knowing how the money is moving in your business. It would help if you had a good idea of where your money goes, how much you spend, how much you earn, and how much goes into various aspects of the business. Quickbook provides a 360-degree view of your complete business by taking care of all your accounting needs. Using its multi user login and comprehensive analytics and reporting features, the program helps you be on top of things in the easiest possible way.

2. DesignBro

Designbro is an online graphic designing platform that blends high-quality professional designers with clients worldwide. Packaging design has eternally been overpriced due to inadequate processes. Designbro delivers an affordable and high-quality packaging design at scale by automating these processes.

There are different branches for every project, each with its alternatives. It is not very surprising how the tremendous number of choices doesn’t confound people?

It doesn’t stop the purchasing experience for you, and your eyes instantly stand for your favorite brands. More often, the packaging enables a ketchup brand for standing out in every food section. Good packaging should be enough if you want your goods to stand out from the crowd.

Designbro has the ability for assisting you with brand identity design so your products could fly offshore shelves:

●    Selecting between 3 to 10 packaging design concepts.
●    Design by the best professional designers.
●    Receiving tailor-made designs for products.
●    Money-back guarantee

3. FreeUp

An E-Commerce business needs to run like a well-oiled machine for meeting its goals. All its features from marketing, product sourcing, and customer service are required to perform as expected.

One person cannot do all this. You require an appropriate workforce to help you get things done if you need your business to go to the next level.

FreeUp could be considered a great investment as it saves many headaches going through an extensive hiring method. As freelancers are all pre-vetted at FreeUp, all you have to do is tell them the skills you are looking for and provide you with qualified candidates within 24 hours.

4. Sellbrite

Inventory management and order fulfillment are tedious tasks required to run an eCommerce business, which is why it makes a turn-off difference if there is a way for performing each of these tasks with the same tool.

All this has been made possible by Sellbrite as it not only allows you to perform these tasks by using a single tool it also provides access to multichannel reporting intelligence required by every business.

5. UpCounsel

Branding, trademarking, intellectual property rights, labor, and employment agreements, customer agreements, and patents are some of the things you are forced to deal with as your business will grow. Also, you will be spending time working with lawyers when dealing with these things, which is why getting access to what team of lawyers for critical legal advice is crucial. It is exactly what UpCounsel provides, which is why investing in this tool is vital not only for developing the business but also for protecting it.

6. ShipStation

Shipping products could be devastating. From designing shipping labels and binding slips for sending actual orders, the entire process requires a lot of time and effort, particularly when marketing through different platforms.

ShipStation helps save time and money by allowing you to import, manage and ship orders in one place. Shipstation can integrate directly with popular e-commerce shopping carts, tools, and platforms that make the whole process of selling products online more comfortable than it regularly would be.

7. AfterShip

An E-Commerce business should ensure that customers are getting quality products and obtaining them at the right time. It is why a shipment tracking tool is necessary because different factors could affect the delivery procedure. You can provide your customers less reason for wearing about their packages by having the ability to track shipments.

It is exactly what AfterShip provides you. With its support of over 400 shipping services worldwide and integration with major eCommerce platforms like Shopify and eBay, delivery monitoring has become much convenient.

8. Yotpo

One of the essential factors that provide an E-Commerce business with success is a customer review. It is an excellent way for leveraging satisfied customers for driving future sales. That is what Yotpo allows you to do.

What provides a platform for generating product reviews and uses the best of them for boosting sales with its highly customizable and easy-to-install widgets. Essentially that tool supports in making your business more convincing regardless of its market share.

End words

The large number of tasks required for running an eCommerce business investing in these tools could effectively increase productivity and profitability. While most required tasks are considered mundane and routinary, it doesn’t take away that most of them require time and effort.

The tools mentioned above allow you to maximize time and features to perform such tasks easier and faster. Some of them might require you to shell out a considerable amount of cash; the benefits they will bring will surpass the amount you will be spending. If you want to boost your product sales and see a drastic increase in profit, investing in these tools could be one of the best decisions you can take, especially if you start.

Download the Uproad App to Pay Your Tolls on Time

Drive on toll roads without a toll transponder and avoid toll agency fines.

The number of toll roads in the US is quite significant. Usually, you have two toll payment options – using a transponder or waiting for that paper bill coming in the mail. Getting a toll agency violation notice because of a dead transponder battery or simply because you forgot to send a payment is not fun. We’ve all been there.

With Uproad, you can automate your toll road payments and drive stress-free (every time!)

Whenever you enter a toll road, you’ll get a notification on your smartphone. The app works in the background and is well-optimized, so it doesn’t affect your phone battery usage.

Once the tolling agency posts charges to your account, Uproad will pay the bill automatically using funds on your account balance. To make sure you never forget to top up your account balance, use Autopay mode, and the app will make sure your balance never goes below a certain amount. But you can also use the Manual mode and pay every toll by yourself if you first want to review every transaction in detail.

Uproad supports PayPal, Venmo, Credit, and Debit cards. They charge a small transaction fee for every toll payment, but frequent toll road drivers can simply get the $19.99 Premium yearly membership to enjoy a lower transaction fee.

To estimate your expenses before you hit the road, you can use a built-in calculator. The app also lets you review your spending for a specific period and separate your business/personal expenses.  

You can ask any question using the app’s chat interface and receive quick responses from their support team. And if you want to dispute the charges, their support agents will help you sort this out with a tolling agency as well.

Uproad is free and available for download on App Store and Google Play Market. You can have up to ten vehicles linked to your Uproad account. Usually, newly added cars are activated overnight, so you’ll be able to drive the next day! So yeah, no need to avoid unfamiliar toll roads anymore. Uproad ensures transparency on every mile of your journey – from the moment you pass the toll point to the moment you pay your toll bill. All of that using just your smartphone.

Online Shopping and its Need for Security

It’s no surprise to anyone that online shopping is the most accessible market in the modern world. With the plethora of devices that allow us to connect to the internet and the thousands of products available to us, the potential for scams and distrustful businesses has increased significantly.

Shopping has traditionally been a social experience where you can talk and interact with the person selling to you and get a hands-on look at the product. This is great for a few reasons:

  1. You may feel more comfortable and secure knowing who you are buying from.
  2. You have a pretty good idea of where your money is going, and you don’t have to pay now and wait two weeks for your purchase.
  3. You get to interact with the product and see it up close, which is incredibly helpful if you’re not 100% certain about the item.

I can’t tell you how many times I’ve purchased something, waited a ridiculous amount of time to receive it only to be incredibly upset when it’s not what I thought it was. I don’t doubt that others share this experience and you can take a look for yourself at the reviews of whatever it is you are purchasing. This creates a sense of distrust amongst online shoppers and for me it means I have to do more research about who I am buying from and take a look at the payment methods to compare them with those of buyers I trust.

Security

The importance of online security in money transaction sites is so important because unlike in-person shops, online stores have generally no direct communication with the buyer and a requirement for you to put your information on the net. There exists customer service lines, e-mails, and sometimes a chat service however these are not always available and can take time. Because of this, customers want to feel secure about their information and their money. High-volume sites like Bookmaker need to have top of the line security to function.

Factors of Online Shopping

Always Open

One of the reasons shopping online is so prevalent is because the store is always open, accessible at any time. This allows for a greater influx of customers, and creates a need for tighter security for money transactions. If you have thousands of potential customers you likely want them to feel safe so they continue to give you business.

Additionally, the amount of consumers that are able to access an online business is essentially limitless. People in the UK can buy products from other countries like America or China simply by navigating to a website on their mobile devices or computers. With this comes the necessity to include conversion programs for currency and introduces the blend of buyer/seller regulations between countries.

Payment Methods

The most important aspect of online shopping is the checkout. Customers need to be able access quick and seamless payment options. If there is a lot of legwork and waiting on their end, glitches that reset the cart, or unintentionally added items you can kiss that business goodbye. There exists today many different payment options such as PayPal, Apple Pay, and the traditional debit or credit card. Whatever you decide to use, you must make it secure. To create return customers and receive orders online, they need to feel safe.

Security

If you are reading this right now, take a look at the website URL, to the left most side. Do you see the small padlock? You should. This tells a customer that any information they input on the site, including their social security number, credit card information, and passwords are safe. You can of course get business without this protection, but it is a major contributor to online security and repeat business.

All that being said, remember to take extra care when doing business online. Whether you are shopping or selling, both parties need to feel peace of mind. Make sure payment methods are quick, easy, and secure. Do everything in your power to create a website with a padlock symbol, and if you are a shopper take care of the websites without it. Also do not do business on any site with a red warning triangle. Each of these aspects are vital in creating a successful and secure shopping experience for the consumer, which will in turn net better business.


Alternative Payment Methods You Should Know About

People like to shop and buy things or services every day, and you will not be able to avoid times when you see something you want to buy but then realize that you do not have any cash with you. Some people do not like to carry around cash with them because it is too much of a hassle.

To avoid passing on things that you want to get because you forgot to bring some cash, there are other methods you can use. There are other options to make your payments. Here are some of the ways:

Mobile Wallets and Online Billings

One of the most common methods that you can do is the use of mobile wallets. It is a virtual wallet that you can use for payment anywhere you go. The first thing that you must do is download a mobile wallet application and link your bank account. If you like shopping from several stores, make sure that the application you will download caters to stores you are buying products from. The application will generate a QR code or a pin that you will present upon the payments of your items. The store will scan the QR code, and it will receive the money from the items. If you are a merchant, you can use a telco and digital merchant platform to handle your payments. Managing a large scale of payment coming in and out of your inventory will be hard, but this will make it more manageable for you.

Bank Transfers

You can also make use of bank transfers to make your payment. All you have to do is download an application dedicated to accounts of your bank, register your card, and you are ready to do bank transfers. Having the application for your ATM card is convenient because you only need to fill out bank details of the person you are trying to pay. The payment will directly go to the other person’s account without the need to meet in person. This is also an easier way to keep track of your account.

Bitcoins

Payments through bitcoins are also becoming a common alternative for payment. You must set-up your bitcoin account and buy coins for your wallet. You can even buy bitcoin with credit card for convenience. Bitcoin payments are beneficial because there will be no additional banking fees when you make the payment. You can also use it to make any payments to anyone around the world because it is accessible anywhere with an internet connection.

Alternative payment methods are not only useful to the consumers, but also the sellers. You can save your time and you can also consolidate your expenses because the applications save a record of every transaction you do on your mobile phone or laptop. There will be no need to go from one place to another place so you can give your payments. This is also convenient when you are paying your utility bills because you do not need to fall in line and wait for a long time to pay.