Category Archives: SME banking

Exclusive: Youtap Insights for 2021

2020 forced many businesses to further embrace digital and adopt new ways of working. In 2021, we expect to see the results of this digital transformation. Major trends and opportunities we anticipate for 2021 are: Growth in e-commerce sites rolling out e-money wallets and growth of rewards for e-commerce companies  There will be a growth […]

White-label Digital Banking and Finance Applications – its the smart move

If 2020 has taught us anything, businesses need to be lighter and faster and think and act on their feet. Their employees and customers have gone digital and expect that Apps will provide them with the ability to launch new services to keep them connected. Building great applications starts with the use case, the user […]

Why smart financial service providers are using the Cloud

With multiple banks and payment service providers (PSP’s) breaking from the tradition of owning their platforms in favor of implementing these services into their secure data centers, the cloud is now driving transformation, culture, and new digital and value-added services into the market quicker than ever before. Banks and large PSP’s need to embrace the […]

QR Code Payments 101 with Youtap

China has utilized QR codes to send and receive payments since early 2010. 100% of the Chinese population now use them. QR (Quick Response) codes are facilitating retail payments. They were initially established as a tool for tracking automobile machine parts. Digital wallets have accelerated the rise of QR codes in payments as part of […]

Is it time to upgrade your core banking system?

Is your traditional core banking system delivering what you really need? A core banking system can be defined as a back-end system that processes daily banking transactions and posts updates to accounts and other financial records. A typical core banking system would include deposit, loan and credit processing capabilities, which interface with general ledger systems […]

Are Digital Wallets all about payments?

Banks and Payment Service Providers (PSP) need to be thinking about their digital wallet strategy. Don’t be fooled, there is more than meets the eye with the Digital Wallet. There is a misconception that digital wallets are all about payments. We can all be complacent and think that our customers are happy because they have […]

What lessons have challenger banks learnt?

They have a business model that is digital to the core.  Put simply you cannot plaster a digital core over an incumbent bank.  A full digital core:  Enables them to innovate quickly  Offer a wide range of downloadable Apps  Onboard customers in a matter of minutes  Provide a wide range of tools that enable the […]