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On September 7 this year, El Salvador introduced the Chivo bitcoin wallet for its citizens to provide commission-free payment service for remittances. In 2020, El Salvador got about $6 billion in remittances. The money transfer commission can reach up to 33%. So, if all Salvadorians turn to Chivo, it may cost Western Union and other…
In the year 2021, we value simple pleasures, like eating out or visiting a football match, much more devotedly than we used to. Our behaviors have changed greatly. Within a period of just a year, we have witnessed a great shift in the payment habits of the whole world. Such innovations in the payment ecosystem should…
Application migration or more generally – Software migration – is a pretty common term nowadays. Actually, the first thing that comes to mind when people talk about application migration is cloud migration. Everyone’s moving their legacy systems to the cloud nowadays in pursuit of scalability, cost reduction, security and more. However, application migration is far…
Modern technologies allow people to make financial transactions without leaving their homes. According to the statistics, 58% of people in the United States prefer to use non-cash payment methods and transfer money to their friends and families through applications on their smartphones. The global remittance and money transfer software market size stood at $16.28 billion…
mCommerce has experienced an immense increase in popularity in the last decade and especially in the year 2020, with the COVID-19 pandemic being the focus of our attention and forcing many businesses to bridge online and in-store experiences. And since the year of the rat is gone and we are still experiencing its consequences, let’s…