Card Issuing and Processing Insider Guide

As most of the world is on lockdown trying to prevent further spread of COVID-19, it’s hardly surprising that people are massively turning to the Internet to buy what they need. Pandemic has made digital transfers a necessity rather than a convenience. For instance, online renewal payments for insurance has seen a considerable uptick globally. For nearly all businesses, online presence turned into the only survival option. E-commerce, lending platforms is booming, and more transactions than ever are performed online.

Today’s consumers use apps and e-com sites for their shopping needs. Right from festive shopping to weekly grocery needs, online is the place to go.

In fact, the first online marketplace evolved in the 1990s to buy and sell used goods. And, now it has become a necessity, given the current situation.

At a time of social distancing and self-isolation one on one with the Internet, the payment ecosystem is becoming more diverse with different vendors offering different pieces of an omni-channel payment solution. By procuring independent services, it was now both possible and affordable to build a holistic modular card programme that could better serve customers’ needs.

Moreover, in the last decade, the Fintech industry has gone through a wave of innovation. It has created new journeys…