Blogs and best practices from the world of Fintech
Full disclosure: As a co-founder and CEO of Payhawk, I talk to investors, analysts, and journalists on a daily basis. And I find it extremely fascinating to constantly hear statements that the market for payment is already solved by Neobanks. Barbod Namini from HV Holtzbrinck Ventures already hinted that investors are becoming more comfortable with investing in fintech despite the massive rounds around Neobanks. So here is my take on what else investors should have learned over the last 5 years after investing billions in a world where you either learn fast or perish.
Payhawk next-generation company cards can now automatically retrieve travel invoices straight from TravelPerk. We are extremely happy to announce our new partnership with TravelPerk that has been a highly requested feature from our customers!
The gaming industry is becoming a colossal sector with more than $152.1 billion in revenue in 2019, and growing almost 10% every year. With the rise of mobile usage, better internet coverage and higher marketing budgets, companies in the sector fear that the upcoming years will be a fight for the market. Or did it already began?
Europe has seen a long-standing industry effort to connect its banking system – first by SEPA (Single Euro Payment Area) and now SEPA Instant, a pan-European network for instant bank transfers in Euro. The development of SEPA Instant and its potential impact on the world of payments will hopefully pays off.
3D Secure 1.0 brought additional security, but it came at the cost of a bad user experience: $1.2 billion in declined card-not-present transactions every year and 62% of cardholders who abandoned a card or experienced a decrease in their willingness to pay after a failed transaction. 3D Secure 2.0 came to solve these problems. This robust authentication protocol is an updated version that is built around mobile devices and modern trends. Does it hold to this promise?
When we talk about accounting compliance, we talk about risk management. If the bookkeeping numbers are manipulated, in the best case companies will make wrong decisions. In the worst case, they will follow in the footsteps of Enron, Worldcom and most recently Wirecard.
Payhawk’s business card has allowed hundreds of frequent travellers to cover car rentals, hotels, dinners, and everything else related to their business trips with ease. At Payhawk, however, we always ask ourselves how we can bring more value to our customers. Even in situations that our customers cannot anticipate.
The world of finance is undergoing a transformation. Rapid technological advancements, regulatory reforms, and rising initiatives, particularly by global digital platforms, have led to changing dynamics, some of which we discussed in a previous article. We will now look at how PSD2 and Open Banking impact the payment landscape.
Have you ever been notified that your bank account has been frozen? Have you encountered that embarrassing moment in a store when they tell you that your debit card is not working? Banks and other financial institutions block and freeze accounts for many reasons, but in most cases is due to an irregularity in your account or an unpaid debt. The question is what are your rights in such cases. We explain more here.
Most employees know that receipts and invoices are documents that are important to the accounting department. At the same time, they incorrectly use the two terms interchangeably and have a hard time understanding their differences. In this blogpost I will try to explain what invoices and receipts are, how they are different and why they are important for your business.