Real-Time Is Becoming The 'New Normal' In Payments

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Real-Time Is Becoming The 'New Normal' In Payments
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PAY
APP Ask Your Customers to Pay You Anytime and
Anywhere. With Pay App start asking your clients
to pay you in an easy and fast way, via payment
links sent by SMS and WhatsApp.To start, you
only need to download the app and sign up to
enter your business details, and your information
to start receiving your money.
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The exchange of paper, metals, and other forms of
hard currency has been in use ever since money
was invented somewhere around the 7th century BC.
As technology kept getting better, features like
checks and credit cards were introduced and cash
was used as the mode of exchange for immediate
situations. However, cash comes with its own set
of cons like the requirement of heavy machines,
transportation and storage, cost of logistics,
and the risk of theft. But with the introduction
of smart gadgets and online retail stores, people
have begun adopting real-time payments as their
preferred choice. Faster payments, Instant
payments, or Fast money, call it whatever you
want, real-time payments are here to stay in the
payment processing world. Real-time payments or
instant payments online is the technology that
allows quick money transfer between banks and
finance systems. Unlike the old days when you had
to wait for a long time for the money to leave
the payers account and get deposited into the
receivers account, with instant payments,
payments can be made around the clock, throughout
the year and the funds become accessible
instantaneously. Waiting patiently for your funds
has rightfully become a thing of the past.
Instant payments online have various benefits
like
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• It boosts spending and revenue
• Reduces the risk of fraud
• Enables long term customer relationships
• Helps increase market share since it is an
  innovative new product offering.
• If you are someone who owns a business, instant
  payments have a significantly positive impact on
  your business cash flow. It improves costing,
  financial forecast and overall cash organization.
  This technology is still developing and will
  require a few upgrades. However, this is one of
  those services that will define and alter the
  future of all payments soon.

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