Category Archives: tech

2021 – the year of QR Codes and Merchant Payment

According to the GSMA, world digital payment transaction values are expected to hit 4.4 trillion USD in 2020, with another 17% continuous growth (CAGR) forecasted through 2024. With explosive annual growth and traction, it is no wonder that more and more organizations like MNOs, Banks, and other financial services providers are looking to Apps, QR […]

Banking 1.0 vs. Digital Banking 4.0

Online banking or Banking 1.0 is a service provided by your bank that allows the bank’s customers to carry out basic banking transactions over the internet—users log in through the banks’ website. Simply put, mobile banking is online banking carried out on a mobile device. Most banks are still in the world of Banking 1.0 […]

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 […]

MNO’s and eMoney wallet providers need to acquire and manage merchants

Is there sufficient focus on merchant payments across developing and developed markets to make cashless economies a reality? With over 1bn registered mobile money users in 95 countries, mobile money operators and MNO’s, have a substantial addressable market. Why is it then that cash is still king in these countries, and people with these wallets […]

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 […]

COVID-19 is driving e-wallet adoption

Merchant acquisition across our customer base is accelerating with merchants moving away from cash acceptance to cashless. South-East Asia is in the midst of a financial revolution, with more than 50% of the population already using e-Money Wallets, with the expectation that this number will grow to 85% within five years. COVID-19 is driving a […]

The case for why your MNO should offer financial services

In the early part of the 21st century, US company Walmart attempted to start a bank. It wasn’t a revolutionary idea, but the world kept throwing up obstacles to stop them. It was clear that there were many who wanted to resist a company like Walmart entering the banking sector, and eventually, the retailer gave […]

Adding value as a merchant acquirer

How merchants enable and streamline payment acceptance is now at the forefront of the shopping experience. For a merchant acquirer —a once stable and steady background business helping retailers accept and process debit and credit cards at point-of-service and remotely (such as via telephone and mail)—is now a key differentiator for businesses. The more shopping […]

Digital love: MSMEs and digital banking are a perfect match

MSME Banking

A lot of ink has been spilt in recent times about the rise of neobanks like Revolut, N26, and Monzo that serve consumers. Here at Youtap, we believe that the rise of these neobanks will benefit the critical Micro, Small and Medium Enterprise ( MSME ) segment and will play a significant role in the […]