Remove Electronic Banking Remove Online and Mobile Banking Remove Point-of-Sale (POS)
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Vietnam’s Digital Finance Landscape: Banks Gain Ground Amidst Shifting Competition

Fintech News

Vietnam’s digital finance landscape is undergoing a notable shift as new players emerge, established ones fade, and traditional banks rise to prominence, a new report by Decision Lab shows. However, by Q4 2023, Moca had slipped out of the top rankings, replaced by mobile apps from traditional banks.

Finance 109
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FinTechs Ovo, Dana Look To Unite Against Giant Gojek

PYMNTS

If successful, it could catapult Ovo and Dana into dominating Indonesia’s multibillion-dollar online payments market. Last week, a PYMNTS report titled “Digital Payments in a Digital World,” showed how electronic banking has become the new constant. They expect digital payments to work seamlessly. Moka itself is taking off.

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What is Payment Processing?

Clearly Payments

This process is vital for businesses, as it enables them to accept payments through various methods, including credit and debit cards, electronic bank transfers ( EFT/ACH ), and digital wallets. Card Network: The credit card network sends the transaction details to the issuing bank (the customer’s bank) for authorization.

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Merchant Credit Card Fee Guide 2024: How Much Does It Cost to Process Credit Cards?

Stax

Credit card merchant fees are split between multiple key players- merchants, credit card networks, banks, and processors. For example, the interchange fees for online transactions may be higher due to the higher risk of credit card fraud. Processor markup fees are also known as merchant service fees.