Starting today, Apple says it’ll begin inviting randomly selected users to access a pre-release version of Apple Pay Later, with plans to offer it to all “eligible” users on iOS 16.4 or iPadOS 16.4 in the coming months. Apple Pay Later was supposed to debut with iOS 16, but technical and engineering issues delayed its release, Bloomberg reported earlier in the year.

Read more: TechCrunch

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Brazil’s central bank has authorized the launch of this service in the country, Guilherme Horn, head of WhatsApp Latin America, said in a post on LinkedIn.

Meta Platforms-owned WhatsApp began allowing users in Brazil to send money to friends, family and loved ones through its app in 2020, though the functionality was held up for a year after the country’s central bank said it had concerns about the system.

Read more: PYMNTS

The post Brazil’s Central Bank Authorizes Payments to Businesses via WhatsApp appeared first on FinTech Ranking.

The Curve Flex product allows customers to split any transaction they’ve made with Curve – at any merchant, using any card, anywhere in the world – into monthly instalments. This uniquely flexible feature allows Curve’s customers to be more responsible with their cash flow while reducing their borrowing costs. Flexing a Curve transaction smooths a larger payment over time, can put cash back in a bank account if needed, and provides a convenient way to pay off their credit card balance.

Read more: PRNewswire

The post Curve Secures $1 Billion Deal from Credit Suisse appeared first on FinTech Ranking.

Also, there are a lot of banks that have great mobile banking services in the UAE include:

• HSBC
• First Abu Dhabi Bank
• Emirates NBD
• Mashreq
• Dubai Islamic Bank
• Citibank
• Standard Chartered
• Commercial Bank of Dubai

And more!

How to open an app-based account in the UAE.

Download the app 

Whether it’s on the Apple App Store or Google Play Store, your bank should have a user-friendly mobile banking app.

Follow the instructions

Once you download your mobile app, it will instruct you on how to open a bank account instantly in the UAE. In many cases, you’ll only need your Emirates ID and would have to go through a verification process. Of course, each bank differs in its method of opening an instant app-based account.

Banking services at your fingertips 

Online banking apps let you enjoy the perks of instant service without any paperwork. Everything is ideally easy and user-friendly. Instead of going to the bank to get your work done, mobile banking lets you do everything you need to on the move. In essence, the power of banking is at your fingertips. You can schedule a large variety of transactions, no matter where you are.

Most mobile banking apps like FAB one are swift and very user-friendly, helping you during your times of need. From managing your account to keeping track of your debit and credit cards, you can do it all. You can keep an eye on your savings and loans in a single place, manage all your information and get exciting benefits too!

Some features of mobile banking services in the UAE include:

-Complete access, at all times, to account history, balance, and transactions.

-The ability to pay electricity, water, and telephone bills in a single tap.

-On-time credit card payments with reminders.

-Applying for a loan or mortgage.

-Opening any other accounts in a matter of minutes.

-Some banks offer face ID and fingerprint login, mobile check deposits with a smartphone camera, cutting-edge security features, and investment services.

-Transferring money either domestically within the UAE or to international banks.

-Checking the current exchange rate.

-Getting instant alerts in case of fraudulent activity or a security breach in your bank.

-Services that you can make use of while traveling.

-Loyalty benefits, perks, and rewards.

Get started!

We hope this has informed you on how to open an app-based bank account instantly in UAE. Do remember, that each bank in the UAE has a unique way of functioning, and it’s important to research and get all the facts before choosing the one for you. Get your personal account started and enjoy the many perks online banking has to offer.

The post In UAE, How to Induce Your Bank Account Online in Minutes? appeared first on FinTech Ranking.

This article will teach you how to make an e-commerce business plan and the components that are important to the process.

What is in a Business Plan?

The main purpose of the business plan is to help you create a course of action for your business. It will provide you with the necessary information, tools, payment solutions and strategies that will be essential if you want to get started. If you are new to e-commerce business, here you can learn how to get payments online. This will help you to organize the payment process safely and convenient for your customers.

The plan may include marketing ideas that are designed to attract customers, key steps for running the business, and goals you have set for your company. For your marketing strategy you may hire the Google Ads and PPC agency in Bangkok to help you. It is also a good idea to include information on how much money is needed or what other people think about this type of project.

Business Plan Structure

There are four main parts to a business plan: Executive Summary, Market and Financial Analysis, and product specification.

1. The executive summary is the introduction of the business plan.
2. The market analysis section is devoted to identifying the target market, competitive landscape, and market share and predicting how it will change over time and what will happen to your competitors’ position.
3. The financial analysis section is important because it will help you to identify your sources of revenue and how you can manage them. If you are planning for success in this part of your model, it means you already have a clear idea about how much money you want to make on each type of product. This section also explains that much statistical analysis is required for managing revenues.
4. The product specification section is where you can explain what you will do to get the product to the market. Explaining about your production methods, how customers will be able to buy them, where and how to sell them, and even how much money per month you are planning on making from each of those products.

Executive Summary is a summary of all these sections and explains what the company will do. It will also include a description of the organization’s mission and vision, financial plan, resource allocation strategy, goals, and targets (objectives or key performance indicators). This part is used as a reference document by clients and stakeholders as well as investors (if your business has any). It gives them an idea about what kind of company they can invest in.

Detailed guide

Making a business plan for your e-commerce startup can seem overwhelming, but it doesn’t have to be. Here are the 5 steps you need to take to get started!

Step 1: Determine your idea

First and foremost, it helps if you know what type of product or service you want to sell online. From there, figure out what customers will be most interested in your product or whether there is enough of an interest in that idea at all. This is also a good time to figure out how much money you’re willing and able to put into this project and how much time you anticipate being needed daily. With a plastic front, blister packaging allows consumers to view the product before purchasing. Doing so provides reassurance the amount of product contained is as advertised and that all pieces are accounted for. Visit andex.net/blister-packages to learn more about blister packaging.

Step 2: Write down your goals

You’ll also need to come up with a list of things you would like to accomplish by the time you’re finished.

Step 3: Brainstorm ideas for your business plan

Now that you’ve got an idea for your product or service and know what kind of customers are interested in it, start looking for ways to implement the idea. Considering problems or getting feedback from others can be helpful, as well. For instance, if you want to sell books online, ask book lovers what they’d like from a good online bookstore and then try to create an online bookstore like that.

Step 4: Create your business plan

Once you’ve got the hang of it, you can write a full outline for your online business plan for most guidelines for how to write one. Check them out on the Small Business Administration’s Website.

Step 5: Make a schedule that fits your needs and budget

Finally, be sure to create a schedule that includes all of your daily, weekly, and monthly tasks to get your idea off the ground. Include things like creating a logo and opening an account at a bank. Also, include expenses on things like advertising, licensing, and even office supplies.

Why do you need an e-commerce Business Plan?

One of the most important things in starting a business is to have a clear idea of what you intend to do and to plan for growth.

•  The e-commerce business plan can help you identify your audience, set goals, and a complete strategy for launching your online or mobile store. That way, you can create an online store that will appeal to your target market and attract customers through social media ads, online marketing, and search engine optimization (SEO) techniques like the ones by Up Digital USA.
• Ultimately, the e-commerce business plan is essential for the success of any new business because it outlines the value proposition offered by your product or service. Buy Fast instagram video views should be a part of your plan too.
•  It helps you track performance and make adjustments quickly.
•  It also helps you identify the strengths of your business and targets weaknesses.
• And it will generate a timeline for launching operations, allowing you to establish a realistic plan for success.
• In addition to becoming an invaluable reference document, the e-commerce business plan will help you manage your finances. It will include detailed descriptions of investments, such as advertising and legal fees. This can help you create a budget for your e-commerce business and make sure you aren’t spending more than you are making.

It can help you estimate the return on your initial investment to determine when it would be a good time to cash out or invest some of the money made from selling products online into expansion efforts.

Conclusion

This is just a short guide on how to create an e-commerce business plan. Even if it is not a necessary part of your startup, it can be very helpful in the long run. Getting a better understanding of the needs of your online store and planning for expansion can help you save time and money. So if you are planning on starting your online store, give our little guide a read first! Make sure to tell us what you think about our article in the comments below!

The post How to make an e-commerce business plan? appeared first on FinTech Ranking.

Current’s platform API enables other fintechs to build embedded experiences, making this a groundbreaking integration that opens the door for countless additional opportunities. As the first partner to integrate, Plaid will provide Current’s nearly four million members expanded access to innovative digital financial tools and solutions to help them manage their money seamlessly, securely and provide them access to more experiences that can improve their financial outcomes.

Read more: PRNewswire

The post Current Launches Platform API; Collaborates with Plaid appeared first on FinTech Ranking.

The funding round was headed up by San Francisco VC firm Greenoaks Capital with funding also coming from existing investor Ribbit Capital, the VC fintech investor, and SoftBank’s Vision Fund 2.

Read more: AltFi

The post Berlin-based Vivid Money raises €100m with backing from SoftBank appeared first on FinTech Ranking.

Fintech development covers many different areas, such as banking software that makes it easier to interact with consumers, comply with requirements, and offer new services. That’s why software development companies like these offer comprehensive financial technology software development services needed to build a sophisticated, robust, and feature-rich banking or money management software solution. If you are one of those software development companies, read something about “Guide to Shift Left by GuardRails” to learn more.

Today we will consider the main advantages of fintech applications, as well as the main types of their development and their types. Let’s get to the fun part!

Advantages of Fintech Applications 

Let’s find out what are the advantages of Fintech applications for banks and their customers:

• For banks. If the bank develops a high-quality application, this will help to reduce the cost of not only running the business itself but will also allow transferring part of the staff’s duties to the automated operation of the application. In addition, the presence of a high-quality application helps banks process various financial transactions much faster and automate many business processes, which also, in turn, has a positive effect on the attitude of bank customers to the service.
• For users. If we take into account the fact that most of the bank’s clients own mobile devices, then managing personal finances through a convenient application greatly simplifies the client’s interaction with the bank. In addition, thanks to such applications, bank customers get the opportunity to record their funds and control expenses without resorting to the need to contact bank employees. Thus, due to the fact that the transaction of customers becomes automated, the quality of interaction with the bank improves.

Types of Fintech Applications

And now let’s take a closer look at what types of Fintech applications are. 

Investments

The investment application allows bank customers to monitor exchange rates, stock fluctuations in the markets, as well as changes in cryptocurrencies. In addition, recommendations based on artificial intelligence help bank customers to invest their funds effectively.

Accounting for finances

Thanks to the application that keeps track of personal funds, bank customers can enter a detailed account of all their expenses. Also, users of the application can effectively analyze their financial expenses and, if desired, transfer part of the money to deposits or in a piggy bank automatically.

Financial transactions

Applications that focus on transfers of funds and various payments help users to enter the account of their finances. Such mobile applications usually support various kinds of transactions in both currency and cryptocurrencies. In addition, such applications use machine learning, which allows customers to assess the risks associated with each of their payments. And also similar applications allow you to automate money transfers or distribute money to several accounts.

Lending

An application that supports the lending function is based on chatbots that help to simplify and greatly speed up the process of obtaining a loan by a user. In applications of this kind of credit, the ability of customers is assessed automatically and through artificial intelligence that checks all available credit data for a specific user. In this way, bank customers can arrange installments or loans on their own and do not contact the bank staff only due to automatic verification of their solvency.

Main Stages of Fintech Application Development

And now we will find out what are the main development stages used by fintech development services. 

Choice of direction

Before you start developing a fintech application, you should decide in which direction you want this application to work. To do this, you should decide on the goals of your project, what it will be used for and who its target audience is. Thus, you need to select the main aspects of the application and decide on the niche in which the application will take its place. 

Market analysis

Next, you should carefully analyze the market to collect all the information about the target audience and the application that will compete with yours.

Creating a Layout

The next step in developing your fintech application is to create a layout. In this way, the main functions of the application tools as well as UX / UI will be developed. The main task is to make the interface as simple and clear as possible so that any user can handle your application.

Creating Design Elements

The next step in developing your application is to create all the graphical interface elements. At this stage, you should approve the overall visual style of the application and in the future adhere to the general style for a more pleasing appearance of the application.

Programming

Next, you need to decide on the implementation of the software part of the application. Thus, you should determine whether you want to create your application for a specific platform such as iOS or Android, or whether you want to make your application cross-platform.

How to Make a Fintech Application Demanded?

• The first thing to do is to analyze the application, taking into account the financial habits of users.
• Also, you should make your application unique, for example, introduce gamification elements or interactive elements to make it interesting for customers to use your application. 
• You should also collect customer feedback about your application so that you can monitor which features and interface elements are less important to users. In this way, you can optimize your fintech application for the best customer experience.

Conclusions

The financial applications industry is quite difficult and risky, as there are many features that can affect the creation of a quality product. Since you need to create not only a simple and attractive product but also a well-functioning app, you better rely on a quality fintech development service that will create an attractive and multifunctional product for you.

Photo by Mikhail Nilov from Pexels

The post Fintech Apps: The Future of Mobile Banking appeared first on FinTech Ranking.

The partnership is somewhat similar to the arrangement Curve has with Samsung, however, for Huawei, the stakes are far higher.

That’s because since 2019 Huawei has been cut-off from using Google’s core Android services like the Google Play Store and Google Pay due to a US trade ban against the company.

Read more: AltFi

The post Huawei turns to Curve for NFC payments appeared first on FinTech Ranking.

Lydia started as a peer-to-peer payment app that lets you send and receive money instantly from a mobile app. It has added more features over time, such as debit cards, IBANs, money pools, cashback, donations, personal loans, etc.

Read more: TechCrunch

The post Lydia adds stock and crypto trading to its payment app appeared first on FinTech Ranking.