Over the last decade, the significant growth in the global economy has given the previously excluded people traction in the formal economy. Still, billions of people are insufficiently provided with banking and payment services – the underserved businesses and individuals who need to get a foothold and to be financially empowered.
In recent years, financial inclusion has been top-of-mind among institutions and companies through the continuing development in finance technology. Innovations in online payment services have changed the game, with a variety of the best payment solutions now available even for individuals and small to midsize businesses.
The evolving finance technology innovations are driving advancement across communities, affording them more time to run their businesses more efficiently. New financial habits and standards are created which now allows individuals to have a hands-on role in managing the financial well being of their businesses.
Paytah Payment Solutions, one of the top payment service providers in Europe, uses cutting edge financial technology applications. Paytah is a participant of the European Payment Council and is a user-friendly, cost-effective and crypto-friendly payment service alternative. It is also the first finance institution to offer IBAN (International Bank Account Numbers) running on blockchain.
Supporting the crypto revolution is part of Paytah’s core value. It is an important milestone in the company’s quest to taking banking experience to the next level which even the underserved businesses can now access and appreciate.
Trends in finance technology have influenced the progress in communities where transparency and accessibility to funds were previously deficient. With the
advancement in finance technology, the underserved enterprises now have access to digital platforms that provide low-cost payment solutions whilst owners have the chance to restructure and modernize their company’s activities to further grow their businesses.
For more information on Paytah, visit www.paytah.com.
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ABOUT PAYTAH PAYMENT SOLUTIONS
Paytah Payment Solutions (Phoenix Payments Ltd) is a fully licensed financial institution regulated by the Malta Financial Services Authority (MFSA). It has passported its activity to all 28 EU and EEA member states. PAYTAH operates under the legal framework of the European Payment Services Directive established to provide safer and more innovative payment services across the EU.