Payments Resources

Payments Resources
Local Payment Methods in Thailand: How PromptPay Works In an International Payment Gateway

Thailand is embracing the dawn of digital payments after being cash-dependent for decades. In the last six years, the nation has made significant strides in rolling out financial technology, increasing the penetration of such services among its populace¹. According to 2022 statistics, approximately 77.8% of Thailand's population of 70.01 million are active internet users, showcasing a high degree of digital literacy². 

A key driver in Thailand's digital transformation has been PromptPay, an interbank real-time payment system, developed as part of the National e-Payment Master Plan¹. PromptPay is not only a popular local payment method but is increasingly integrated into international payment gateways, facilitating cross-border transactions.

What Is PromptPay?

PromptPay is a cornerstone of Thailand's payment systems, operating as an interbank real-time, near-instant payment gateway that simplifies the way users receive and transfer funds. It links payments to a Citizen ID or mobile phone number, and is similar in functionality to India’s UPI and Singapore’s PayNow3

Developed in cooperation with major Thai banks and Vocalink, a Mastercard company, PromptPay is instrumental in supporting the Thai government’s initiative to transition from a cash-reliant economy to a robust digital economy4.

User Trends in PromptPay

Thailand led all countries in real-time payment transactions per capita in 2022, with the payment method accounting for 34% of all transactions5. The significant uptake of PromptPay is attributed to the widespread availability of mobile phones, which have been a major driver of digital adoption and PromptPay transactions. Since its implementation in 2017 to 2023, PromptPay transactions have surged annually from 88.07 million to over 19.9 billion, underscoring its central role in Thailand's digital economy and cross-border transactions6.

Despite these encouraging numbers, the real sentiment towards digital payments in Thailand remains complex. During the pandemic, digital payment methods saw a surge in use, but in 2022, a survey by the Bank of Thailand indicates a revert to cash for many7. Citing convenience and the absence of added fees, over 50% of respondents across all age groups expressed a preference for cash, with only 27% of the surveyed continuing with digital payment apps post-pandemic8.

Benefits and Drawbacks of Using PromptPay for Online Payment Gateways

As read in the previous section, Promptpay might not be the ultimate solution for digital payments. Nonetheless, it continues to grow in popularity as a local payment method in Thailand and as part of international payment gateways. Why is this so? We now explore its key advantages and limitations:


  • Smooth Checkout Experience: As an interbank payment system, PromptPay allows users to make purchases seamlessly across all banks in Thailand, enhancing the user experience in digital transactions.
  • Real-Time Payment: Transactions are processed instantaneously, usually completing in under a minute, which is ideal for both local and international transactions.
  • Secure and Simple: With a mobile phone and internet connection, PromptPay offers a convenient and secure way to transact, linking each account uniquely to a Citizen ID to bolster security.


  • Low Merchant Adoption in Thailand: The preference for cash among local vendors means digital payment options like PromptPay are less common in grassroots markets. This presents an opportunity for international online businesses to differentiate themselves to a digitally literate audience in Thailand.
  • Fixed Price During Checkout: The fixed pricing structure of digital payments contrasts with the traditional bargaining culture in Thai markets. However, innovations in social commerce platforms like LINE are adapting by integrating haggling features into digital payments, offering flexible pricing through payment links9.

How PromptPay Works in an International Payment Gateway

PromptPay is primarily a local payment system in Thailand, but the Thai government is expanding its reach internationally, with agreements already in place with Malaysia and Singapore. For cross-border transactions, PromptPay requires the use of a third-party payment provider, which serves as the international payment gateway.

Transaction Process:

1. Users first transfer funds to the payment provider's Thai bank account via PromptPay. This can be done by either scanning a QR code or entering the recipient's Citizen ID or phone number within the PromptPay app.

2. After the transaction, the PromptPay app confirms the successful transfer of funds with a notification.

3. The funds are then transferred to one of the payment provider’s international accounts. Finally, these funds are disbursed to the foreign seller's bank account.

When selecting a third-party payment provider for international transactions involving PromptPay, it’s crucial to choose one that offers a robust network of localised markets. This ensures that the service aligns with the specific needs and regulations of the target markets, enhancing the efficiency of cross-border payments.

What are the Fees Required in Using PromptPay?

Local Transactions:

As of 2024, PromptPay’s fee structure of local transactions within Thailand are as follows:

  • Transactions not exceeding 5,000 baht: Free
  • Transactions from 5,000 to 30,000 baht: 2 baht fee
  • Transactions from 30,000 to 100,000 baht: 5 baht fee
  • Transactions from 100,000 to the bank maximum limit: 10 baht fee

This fee model makes PromptPay an attractive option for everyday payments and small business transactions within the country.

International Transactions:

When it comes to cross-border payments facilitated through a third-party payment provider, standard charges apply. These include FX costs, platform fees, and setup fees, which vary depending on the provider chosen. For more information, read our blog article on The Actual Costs in Using a Payment Gateway.

Selecting a reputable and secure international payment gateway is thus crucial to manage these costs effectively and ensure transaction security.

How can Tazapay help?

Understanding the nuances of PromptPay and its fee structure arms you with the knowledge to more effectively penetrate the Thai market. If you're exploring further solutions to enhance your business operations, consider Tazapay. Offering specialised payment solutions for a wide range of needs—from eCommerce platforms to exporters and importers—Tazapay tailors services to help your business thrive in international markets.

Contact us to find out more


  1. The Dawn of Thailand’s e-Payment Era - Thailand NOW
  2. Digital 2022: Thailand — DataReportal – Global Digital Insights
  3. Bangkok Bank PromptPay
  4. Transforming Thailand to a digital economy | Mastercard
  5. Thailand Ranked First Globally in Real-Time Payments Transactions per Capita
  6. Thailand Volume of PromptPay Transactions from 2017 to 2023 
  7. Thailand Rejects Digital Payments in Favour of Cash (
  8. Cash still king, people reject app payments - Thai Examiner
  9. Social commerce in Thailand - statistics & facts | Statista

Payments Resources
Payment Gateway Rails: How does Cross Border Checkout from USA to India Work?

Every day, digital payment gateways facilitate seamless online cross-border transactions. With the cross-border payments industry projected to reach $156 trillion USD by 2022, the integration and functionality of these systems are more crucial than ever. Although these transactions might seem like simple clicks to the average consumer, they are underpinned by robust infrastructures including API calls and always-on servers that cater to both B2B and B2C markets globally.Online cross-border transactions happen on the daily through a whole slew of digital payment gateways. They happen so frequently and so seamlessly that the cross-border payments industry is expected to reach $156 trillion USD in 2022¹.

The Indian Merchant

As Indian merchants continue to expand their reach into international markets, understanding the mechanics of international transactions becomes vital. In the fiscal year (FY) 2023–24, India's export figures are forecasted to be US$776.68 billion1. Particularly, the largest market for these exporters, are the United States, representing a significant opportunity. The U.S. will account for 17.7% of India's exports in FY 2023-24, which has increased over the past 13 years by 7.6 percentage point2.

The American Buyers

To capture the American market effectively, it's essential for platforms to offer diverse payment methods including card payments, digital wallets, and local bank transfers. In 2023, cards were the primary payment method in the U.S. digital commerce market, accepted by 99% of top online retailers, reflecting consumer preference and retailer confidence3

Digital wallets are 2nd in popularity at 81% acceptance, driven by the ubiquity of credit and debit cards. Consumers can link their payments and top up their wallets using card networks such as Visa, Mastercard, and American Express. By integrating and supporting digital wallets, merchants can cater to the preferred payment methods of U.S. consumers.

In addition, other payment methods include bank redirect apps and local bank transfers using banks such as:

JPMorgan Chase

Bank of America

Citibank group

Wells Fargo

Goldman Sachs

Morgan Stanley, etc.

Once an American buyer completes a purchase, the payment gateway springs into action, processing payments through various methods. Whether it’s a direct card payment or a local bank transfer, each method utilises distinct payment rails. Notably, if the payment method is a local bank transfer, the funds are initially held in the payment provider’s local bank account before transferring to the seller’s bank account in India.

Cross-Border Payment

Sending payments across borders essentially involves transferring funds from an account in the origin country to one in the destination country. In this scenario, the origin is the United States and the destination is India.

For bank transfers, cross-border payments are typically conducted via SWIFT wire transfers. Beyond that, card networks have their own payment rails for transferring funds, although platform fees may vary depending on the payment method used.

Key cost factors to consider in cross-border payments include:

  • Bank Surcharges: These are linked to the banks themselves and the surcharge amount varies by bank.
  • Card Surcharges: These can reach up to 4% and are dependent on the card network's fees.
  • Wire Transfer Costs: While expensive for international transactions, wire transfers tend to be cheaper for local transfers.
  • FX Conversion Costs: Foreign exchange conversion costs may also be applied on top of the payment method costs.

For more information, read our blog article on the actual costs of choosing a payment gateway.

It's important to note that some payment providers, like Tazapay, may offer lower platform fees through partnerships with local payment providers, thus reducing these costs. Understanding the intricacies of cross-border checkout and payment gateway rails from the USA to India can help merchants optimise their payment strategies and reduce transaction costs.

Hedging Against FX Fluctuations by Holding USD in a Multi Currency Account

For merchants dealing with suppliers internationally, opting to receive payments in USD can be a strategic move to hedge against fluctuations in their local currency.This strategy can be implemented by opening a multi currency account in the merchant's own country. Such accounts enable merchants to hold USD, their local currency, and any other necessary currencies when conducting business across borders. A multi currency account not only provides flexibility in handling various currencies but also offers a buffer against the volatile nature of foreign exchange rates, thus stabilising financial operations.

By maintaining USD in a multi currency account, merchants can mitigate the risks associated with FX conversion costs and enhance their financial strategy in international trade. This approach ensures that they are well-positioned to manage global transactions efficiently and protect their financial interests against adverse movements in exchange rates.


The final step in the international payment process occurs when the merchant based in India receives their payment from the payment provider. Merchants who operate their own sites, integrate payment platforms, or utilise e-commerce tools like Shopify or WooCommerce can generally expect to receive their payouts by the next business day or within a week. This timeline depends on the buyer's chosen payment method and the merchant's payout request timing.

Conversely, merchants who sell through online marketplaces may experience a fixed payout schedule, often consolidated to a single day each month to economise the process for the platform. The specifics of this schedule are typically outlined in the e-commerce marketplace’s Terms & Conditions, which merchants agree to upon registration. Subsequently, these funds are compiled and transferred to the merchant’s local bank account in India.

Key Indian banks involved in these transactions often include:


State Bank of India


Yes Bank

Bank of Baroda

Bank of India

Legislation and Compliance

After receiving international payments, it is crucial for Indian merchants to secure an FIRC (Foreign Inward Remittance Certificate) or FIRA (Foreign Inward Remittance Advice) to demonstrate that there has been a foreign inward remittance into an Indian bank account. This step is vital for complying with the legislative requirements established by the Reserve Bank of India (RBI) to prevent money laundering and fraud within the country.

To obtain an FIRC or FIRA, the Indian exporter must request the document from an Authorised Dealer Category 1 (AD1) bank that has processed their cross-border payment. As of 30 Apr 2024, the list of AD1 banks are as per the following document by the RBI⁴. However, the RBI also provides a list of such banks on their website5, which can be consulted by merchants to ensure they engage with the appropriate financial institutions for their compliance needs.

Obtaining these certificates is a mandatory part of the documentation process for Indian exporters, serving as proof of the legitimacy and legality of their international transactions. This not only fulfils regulatory requirements but also helps in maintaining transparent and secure financial practices.

With an understanding of the nuances of cross-border payments from the USA to India, merchants can optimize their checkout processes to appeal to American consumers and ensure smooth financial transactions. For those seeking an efficient payment gateway, consider Tazapay, which offers extensive coverage and local payment options in over 70 major markets, helping you reduce cart abandonment and improve cost-efficiency.

By keeping these steps and features in mind, you can choose a payment provider that significantly reduces cart abandonment and offers substantial time and cost savings. For those seeking an efficient payment gateway, choose Tazapay. With coverage in over 173 countries and local payment options in more than 70 major markets, Tazapay enables you to provide a seamless checkout experience that meets the needs of customers globally.

Contact us for your payment solutions and ensure your business thrives in the competitive landscape of international e-commerce.

1 India market’s 2024 forecasted export figures
2 India’s export reliance on the US (Business Standard) 

3 2023 Digital payment trends in the US
4 List of RBI approved AD1 banks as of 30 April 2024 

5 RBI website

Payments Resources
The Actual Costs in Using a Payment Gateway

Understanding the True Costs of Using a Payment Gateway

As the eCommerce market expands, so does the array of payment gateways available to merchants worldwide. Many are tempted by platforms advertising free or low-cost services, thinking they've secured a great deal. However, the reality of hidden costs of payment gateways often emerges only after transactions begin, potentially eroding profit margins.

Are you grappling with the complexities of global transactions? Consider Tazapay, your global payment gateway partner. With a network extending across 173 countries and a suite of fully digitised solutions for marketplaces and platforms, Tazapay helps you make the world your market.

To better understand this landscape, let’s explore the common costs and fees associated with payment gateways, particularly those involved in cross-border payments.

Platform Fees: Decoding the Cost Structures

Platform fees are relatively straightforward—they represent the costs of using a payment platform. Most reputable payment gateways impose some type of fee. These fees can vary, typically appearing as a combination of a flat fee plus a percentage of the transaction, or as a simple percentage-based fee.

For example, some payment gateways may charge fees such as $0.30 plus 2.9% per transaction, or $0.11 plus 3.95%, depending on the payment method. In contrast, Tazapay offers a more streamlined approach, charging either 1.8% or 3% for non-card transactions. To illustrate the differences in cost structures, consider the expense of a $50 transaction versus a $1000 transaction:

Using a $0.30 + 2.9% fee structure, a $50 transaction incurs a cost of $1.75, while a $1000 transaction costs $29.50.
However with Tazapay’s fee, starting from 0.8%, the same transactions would cost just $0.40 and $8, respectively.

Comparing these fee structures highlights significant differences. Opting for a straightforward percentage fee, such as Tazapay’s, can be more cost-effective, particularly for larger transactions where flat fees add up. This comparison underscores the importance of understanding payment gateway fees and how they impact your costs, especially in a cross-border payment gateway context.

Payment Gateway Costs

Understanding payment gateway costs is essential when considering the financial implications of various payment methods. These platforms may absorb fees, integrating them into overall platform fees, or pass them directly to consumers.

1. Bank Transaction Fees

Bank transaction fees play a significant role in the costs associated with direct bank payment methods like local bank transfers and bank redirects. Typically, local bank transfers might incur a surcharge for cross-bank transactions, while in-bank transfers often avoid these fees. Bank redirects, similar in operation to local bank transfers, usually carry minimal processing fees, influenced by national e-commerce policies.

For example, Singapore's PayNow service was free of transaction fees from its launch in July 2017 until January 2021, under a full subsidy. However, a nominal fee of SGD0.22 was introduced in 2022 to cover gateway pricing models adjustments.1

2. Card Processing Fees

Credit card processing fees are another critical aspect of payment gateway costs. Merchants may apply a surcharge for transactions using card networks like Mastercard or Visa. For instance, as of 2024, credit card processing fees for merchants range from 1.3% to 3.5%, depending on the card and transaction type.2

3. Wire Transfer Costs

The cost of wire transfers, particularly for international payments, is a notable part of gateway costs. Domestic wire transfers generally incur lower fees and are processed faster compared to international transfers, highlighting the variability of bank surcharges across different institutions.3

International Transaction Fees and FX Costs

When transactions span multiple geographic regions involving different currencies, international transaction fees and currency exchange costs, or FX costs, are inevitable. Payment gateways often manage these costs by adding a percentage-based fee over the market’s FX rate, or by setting their own buy and sell rates.

This adjustment allows payment gateways to cover the risks and operations involved in currency conversion, forming a significant portion of the payment gateway costs. Understanding these fees is crucial for businesses operating internationally, as they can impact the total cost of transactions significantly.

Gateway Setup Fees

Setup fees are a common initial cost associated with various online payment methods, including payment links and payment APIs. These fees often reflect the technical expertise required for integration and the complexity of the setup, especially in sophisticated online marketplaces and platforms.

In Malaysia, the variability in gateway setup fees is evident, with the top ten online payment methods charging anywhere from zero to RM300 per year.4 This range illustrates the diverse pricing models that payment gateways employ based on the services and technology they provide.

Making Informed Choices in Payment Gateways

With a clear understanding of the various payment gateway costs, including transaction fees, setup fees, and FX costs, you are now equipped to make more informed decisions when selecting a payment gateway that offers the best value for your money.

As you consider your options, take a look at Tazapay. Tazapay offers competitive platform fees at just 0.8 - 2.5% for non-card payments and 3.8% + $0.50 for card transactions. Moreover, it provides some of the lowest FX rates in the market and even promises to match any better rates you might find. Making the right choice for your payment gateway could mean the difference in creating significant savings and efficiency for your business operations.


1 2020 E-commerce Payments Trends Report: Singapore Country Insights (

2 Average Credit Card Processing Fees (

3 Wire Transfer Definition (

4 Top 10 Online Payment Methods in Malaysia for Ecommerce - ZCOM MY Blog

Local Payment Methods in Thailand: How PromptPay Works In an International Payment Gateway
Payment Gateway Rails: How does Cross Border Checkout from USA to India Work?
The Actual Costs in Using a Payment Gateway
Local Payment Methods in Europe: How Sofort Works In an International Payment Gateway
PayNow: Revolutionizing Singapore's Digital Payment System
Mastering Card Authorization to Unlock Cross-Border eCommerce Growth
Local Payment Methods in Indonesia: How Dana Works in an International Payment Gateway
Synchronous vs Asynchronous Payment Methods: How They Work in an International Payment Gateway
See all # Posts

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Local Payment Methods in India: How UPI Works In an International Payment Gateway

India stands at the forefront of the digital revolution, marking itself as one of the fastest-growing digital economies worldwide. With over 117 billion digital payment transactions recorded in 2023, and an average of 380 million transactions per day by December 2023, the country's trajectory towards digital integration is unmistakable. Central to this digital transformation is the Unified Payment Interface (UPI), developed by the National Payments Corporation of India (NPCI), embodying India's rapid embrace of digitalization to simplify financial transactions across the board.

UPI: The Cornerstone of Digital Payment in India

What Is UPI?

UPI stands as a beacon of innovation in real-time payment systems, facilitating inter-bank peer-to-peer (P2P) and peer-to-merchant transactions through a seamless two-click factor authentication process. Governed by the Reserve Bank of India (RBI), UPI's framework enables transactions via a smartphone application, heralding a new era of banking and financial services. Its resemblance to Singapore's PayNow underscores a global shift towards government-led digital payment solutions, fostering an ecosystem where transactions are not just secure but also universally accessible.

Embracing Digital Payments: User Trends and Preferences

In 2023, UPI transactions have seen remarkable growth, with the total transactions processed by UPI standing at 117.6 billion for the year. Specifically, for December 2023, UPI payments in India reached 12.02 billion transactions, with payments worth Rs 18.23 lakh crore being processed in just that month. This represents a 54% year-on-year growth in terms of volume and a 42% growth in transaction value annually​ (Economic Times)​ The adoption of UPI spans across diverse demographics, with its popularity not confined to urban centers but also penetrating rural areas, demonstrating the platform's wide acceptance and adaptability.

UPI's International Footprint: Bridging Global Transactions

International Payment with UPI:

The international operations of UPI have notably expanded beyond its initial reach. As of the latest updates in 2024, UPI's global footprint has extended to several new countries, making it a more versatile option for international payments. Specifically, France has recently adopted UPI, joining other countries like Bhutan, the United Arab Emirates (UAE), Malaysia, Singapore, Nepal, Oman, Qatar, Russia, Sri Lanka, Mauritius, and the United Kingdom in embracing this system. These expansions underscore UPI's growing acceptance and its potential as a global payment gateway.

This broadened adoption facilitates cross-border transactions, allowing users in these countries to leverage UPI for seamless and secure payments. The collaboration with various international partners and payment providers highlights UPI's versatility and its capability to streamline payment processes across different markets. This development is part of the National Payments Corporation of India's (NPCI) ongoing efforts to extend UPI's reach, reflecting the platform's potential to influence the global digital payment ecosystem significantly.

Cross-border Transactions with UPI: A Closer Look

For regions yet to establish direct UPI connectivity, international transactions are streamlined through third-party payment providers, acting as bridges between UPI and global markets. Here’s how the process unfolds:

Initiating Payment: Users initiate transactions by transferring funds to the payment provider's bank account in India via UPI. This is typically done by scanning a QR code or barcode within the UPI app, representing the transaction amount.

Global Fund Transfer: Subsequently, these funds are transitioned into one of the payment provider’s international accounts. The final step sees the funds disbursed to the recipient's bank account abroad, completing the international transaction.

This model exemplifies UPI's adaptability and its growing acceptance as a versatile solution for international payments, providing a seamless, secure, and efficient transfer mechanism across different geographies.

Choosing the Right Payment Provider

Given the diverse landscape of third-party payment providers facilitating UPI transactions internationally, businesses and individuals are advised to select partners offering comprehensive support for a wide range of localized markets. This ensures not only the broad usability of UPI across various international platforms but also enhances the efficiency and security of cross-border payments.

With ongoing discussions to further expand UPI's reach to additional countries, the future of international digital payments looks promising, positioning UPI at the forefront of the global digital economy's evolution.

Analyzing UPI: Benefits and Challenges

Benefits of UPI:

Seamless Payment Experience: UPI's integration with numerous payment apps and digital wallets, alongside its vast network of banks, provides a hassle-free transaction process.

Instant Transactions: The real-time processing capability of UPI ensures transactions are completed within seconds.

Security and Ease of Use: Enhanced with two-factor authentication and a unique UPI ID, the platform guarantees a secure yet straightforward payment experience.

Drawbacks of UPI:

Dependence on Internet Connectivity: The efficacy of UPI is contingent on reliable internet access, limiting its use in connectivity-challenged regions.

Security Concerns: Despite robust security measures, users must remain vigilant against potential phishing and fraud attempts due to the PIN-based authentication system.

Understanding Taxation and Compliance in UPI Transactions for International Businesses

Expanding into India's digital market requires a keen understanding of the country's tax and compliance landscape, especially for SaaS companies and digital eCommerce merchants leveraging UPI for transactions. Critical to this expansion is navigating the intricate documentation requirements, including obtaining a Tax Residency Certificate (TRC) and making a No Permanent Establishment (PE) Declaration, among others. These steps are vital for leveraging tax benefits under Double Taxation Avoidance Agreements (DTAAs) and ensuring smooth operation within the legal framework.

Furthermore, the implementation of GST on digital services and the significance of the Equalisation Levy on foreign e-commerce transactions underscore the evolving tax regime in India. These measures aim to ensure a level playing field between domestic and international players in the digital economy. As such, international businesses must stay abreast of these regulations to optimize their tax liabilities and maintain compliance. Download our eBook to understand this in detail

For businesses looking to streamline this process, leveraging platforms like Tazapay can provide significant advantages. Tazapay simplifies the complexities of tax collection, compliance, and remittance, enabling businesses to focus on growth and market penetration rather than administrative burdens.

Future Outlook: UPI’s Role in the Global Digital Economy and Tazapay’s Integration

As the Unified Payment Interface (UPI) continues to evolve, its influence is set to extend beyond the Indian market, marking a significant shift in the global digital payment ecosystem. UPI’s initiatives aimed at expanding its international reach and enhancing its features for global usability are pivotal. In this landscape of growth and innovation, UPI is well-positioned to facilitate seamless and secure online payments on a worldwide scale, embodying India's ambitious vision for a digitally empowered global economy.

In this evolving scenario, Tazapay stands out as a crucial player, offering an innovative solution that integrates UPI alongside other local payment options across 80+ locations with just one integration. This strategic collaboration enables businesses to leverage UPI’s simplicity and security while also accessing a broad spectrum of payment methods globally, ensuring they can meet the diverse preferences of customers worldwide. Tazapay's one-stop payment solution signifies a leap towards creating a more inclusive and accessible digital payment infrastructure, making it easier for businesses to engage in cross-border commerce without the hassle of managing multiple payment integrations or local entities.

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Payment Gateway Features: Hosted Checkout API for Beginning Online Businesses

The user experience (UX) of any online business is crucial to its success. A smooth and seamless UX can significantly influence profit margins by reducing cart abandonment rates. As businesses scale, enhancing the UX becomes essential, with a primary focus on upgrading their payment gateways. Initially, a fledgling online business might suffice with a simple payment link due to its straightforwardness and rapid payment processing—key features for those new to eCommerce or starting their digital transition. However, as the business grows, there's a need to adopt more sophisticated solutions like integrated payment gateways or payment APIs.

The shift may seem daunting, especially for new online businesses accustomed to plug-and-play payment apps. Integrated payment gateways often require some technical skill to implement due to their role as intermediary software that facilitates quick, automated payment processes. Fortunately, for those opting for simplicity, hosted checkout APIs present a less intimidating alternative. Hosted by a third-party provider, these APIs integrate effortlessly with existing checkout systems, sparing businesses the complexity of developing their own payment systems from scratch. This approach not only saves time but also demands minimal effort from the merchant for integration, as most services are managed by the third-party provider.

Understanding online checkouts and the workings of hosted payment APIs is vital for any growing online business, preparing them for future expansion and success in the competitive digital marketplace.

What is an Online Checkout?

The concept of online checkout in an eCommerce store is straightforward: it's the designated 'area' where buyers finalize their purchase of goods or services. This typically involves a dedicated checkout page that presents a variety of payment methods. Despite the diverse nature of eCommerce businesses, catering to both B2C and B2B sectors, the fundamental user experience at checkout remains consistent and generally unfolds as follows:

  1. Selection Process: Users select the items they wish to purchase and proceed to the checkout.
  2. Information Entry: They enter necessary details such as their name, email address, shipping address, and country.
  3. Order Review: Users are directed to an order summary page where they confirm their details before placing the order.
  4. Payment Submission: Finally, users enter their payment details and confirm the order.

These core aspects of the online checkout experience are largely uniform across eCommerce stores worldwide. The selection of payment methods available often plays a crucial role in securing a successful sale. This importance stems from user's payment preferences and the tendency to stick with familiar payment methods. For instance, some customers prefer card payments for their ubiquity and convenience, while others might opt for bank redirects due to the direct link with local banks. Offering multiple, especially localized, payment methods can significantly enhance customer retention and satisfaction by catering to these preferences.

Preparing User Data on the Payments API

Transactions in eCommerce typically involve two key parties: the seller offering the product/service and the buyer acquiring it. The commonality between them, besides the exchange of legal tender and products, is the necessity for information verification. This includes verifying a seller’s legitimacy for the buyer and a buyer’s identity for the seller. Given the inherent remoteness and anonymity of cyberspace, acquiring detailed information becomes crucial for any successful eCommerce transaction.

As a seller utilizing a hosted payment API, setting up your data on your chosen payment gateway’s database requires just a few commands or calls as outlined in the API documentation provided. For new buyers, you can employ the API call function that creates a new user profile in the payment gateway’s database. For returning customers, a ‘get user’ call function allows you to retrieve the existing buyer details from the database. Additionally, buyer data can be seamlessly saved into the database as they input their information during the first checkout step using the same ‘create user’ API call.

This streamlined process not only ensures secure online transactions but also enhances the online checkout experience, making it smoother and more efficient for both sellers and buyers in the eCommerce environment.

Creating the Underlying Transaction for Checkout

Once both your data (as the seller) and the customer’s data (as the buyer) have been prepared, the next step is to create the underlying transaction for checkout. The process of setting up this transaction can vary depending on your payment provider, so it's crucial to be well-acquainted with your provider's specific terminology and procedures. For initiating checkout, you'll need to understand the terms related to creating a transaction unit versus processing payments. For instance, Tazapay refers to their transaction units as "escrow," so you would initiate a transaction by creating escrow.

Following this setup, you can proceed to integrate your inventory data into the payment gateway. This ensures that the total cart amount is accurately recorded and logged. Such integration not only streamlines the transaction process but also enhances the online checkout experience, ensuring that all details are correctly aligned with the hosted checkout API.

Redirecting Buyers to the Hosted Payment Page

By this stage, the buyer is at the final step of the checkout process, as outlined earlier. While the process may seem complex, it's important to note that most tasks are managed automatically by the API’s protocols, requiring minimal, if any, input from the seller in real time. This ensures a painless, smooth UX).

Once the buyer clicks the purchase button, this should trigger an API call to create a payment page. The specifics of these calls and their functionality vary from payment provider to payment provider. For example, with Tazapay, this function is called ‘create payment,’ as their unit for generating a payment page is termed ‘payment’. Regardless of the nomenclature, the newly-generated payment page is where the buyer completes their transaction using any of the payment methods offered by the payment gateway.

Depending on the payment gateway, you may also have the flexibility to enable or disable payment methods to optimize profitability. If all goes well, the buyer completes their payment, and you, the seller, can proceed with fulfilling the order—shipping the purchased items to the buyer’s address promptly.

How can Tazapay Help?

Now that you are familiar with the workings of a hosted checkout API, you can approach the selection of a payment gateway with greater confidence, ready to scale and expand your business. Tazapay’s wide range of local and global payment methods, easy API integration, and digital solutions, is poised to help grow your business efficiently.

This approach not only secures the transaction but also optimizes the efficiency and accuracy of the eCommerce payment integration, providing a seamless and reliable service for both sellers and buyers in the digital marketplace.

Contact us to integrate today!

Payment Gateway Features: Hosted Checkout API for Beginning Online Businesses
Local Payment Methods in India: How UPI Works In an International Payment Gateway
See all # Posts

eCommerce Tips

eCommerce Tips
Hosted vs. Native Payment Gateways: Navigating the Differences for Your eCommerce Success

In the rapidly evolving world of eCommerce, understanding the intricacies of eCommerce payment gateways is crucial for merchants aiming to excel. With a plethora of options available, distinguishing between hosted payment gateways and native payment gateways becomes essential for informed decision-making. This blog delves into the key differences between hosted and native gateways and their unique impacts and benefits.

All About Hosted Payment Gateways

Hosted payment gateways usher customers to the payment service provider's (PSP) platform to finalize their online payment methods. This off-site processing model ensures robust transaction security and compliance, relieving merchants from the complexities of handling sensitive financial information. The true appeal of hosted gateways lies in their ease of integration and user-friendly payment solutions, making them an ideal choice for businesses seeking a hassle-free setup.


  • Simplified Transactions: The PSP assumes responsibility for the transaction, minimizing the merchant's involvement.
  • Ease of Setup: With the PSP managing maintenance, technical expertise is not a prerequisite for merchants, promoting ease of payment gateway integration.


  • Customization Limits: Merchants face restrictions in tailoring the user experience (UX), which may affect the customer’s experience with payment gateways
  • Potential for Cart Abandonment: Redirecting customers to another site for payment can deter completion of purchases.

Exploring Native Payment Gateways

Native payment gateways keep the entire checkout process on the merchant's domain, affording unparalleled control over the transaction journey. This model favors merchants eager to craft a bespoke customer experience, offering detailed insights into buyer behavior that can refine future marketing strategies.


  • Complete Checkout Control: Merchants dictate the transaction flow, enabling a personalized UX.
  • Direct Customer Data Access: This gateway type provides valuable insights for tailoring marketing efforts.


  • Increased Responsibility: Managing the payment process requires a hands-on approach, including gateway maintenance.
  • Technical Expertise Needed: Leveraging the full potential of native gateways may necessitate professional assistance. 

Why Consider Tazapay for Your Cross-border eCommerce Strategy?

The decision between hosted and native payment solutions ultimately depends on your business's unique needs and capabilities. Both gateway types offer distinct advantages and challenges, making it crucial to weigh them in the context of your operational priorities and customer experience with payment gateways. Understanding these differences is key to choosing the right payment gateway for your business, ensuring you select the solution that best fits your transaction security, user experience, and eCommerce success goals.

Tazapay sets itself apart by offering both hosted and native payment gateways, providing unmatched flexibility across 173 markets and enabling 80+ local payment options. This extensive reach, coupled with a seamless onboarding process that eliminates the need for local entities, ensures merchants can easily expand globally without the usual complexities. With Tazapay, integration is just the beginning of a streamlined journey towards international eCommerce success.

Tazapay empowers merchants to exceed the evolving expectations of a diverse customer base. Whether you’re looking to optimize the checkout experience or expand your market reach, we offer the tools and support to achieve your business objectives with efficiency and ease, reinforcing the benefits of user-friendly payment solutions.

Contact us to learn more about our solutions and how you can onboard with us today.

eCommerce Tips
How a 3DS-enabled Payment Gateway Helps Reduce Chargebacks on Your eCommerce Business

Security is a cornerstone of any successful eCommerce operation. Among the most effective tools in the arsenal against fraud and chargebacks is 3D Secure (3DS) technology. If you've made a card payment online, it's likely you've encountered 3DS—even if you weren't aware of it. Let's delve into how 3DS works and its role in minimizing chargebacks.

Understanding 3DS in eCommerce Payments

3DS is a robust authentication protocol designed specifically for card payments. It hinges on a three-domain model encompassing the Acquirer Domain (merchant’s bank), the Issuer Domain (cardholder’s bank), and the Interoperability Domain (technology facilitating 3DS communication). This protocol is vital for both payment authentication and additional security checks, offering several ways to authenticate:

  • App-based Authentication: Integrated within a merchant's mobile app, this method prompts users for authentication during a transaction, often using biometric features like fingerprints for quick and secure verification.
  • Browser-based Authentication: Occurs on websites through a browser, where users are typically asked to enter a one-time password (OTP) sent via SMS or email, adding an extra layer of security to the transaction process.
  • 3DS Requester Initiated: Designed for recurring payments or subscriptions, this approach verifies the cardholder’s information for scheduled transactions without requiring their active participation each time, streamlining the payment process for ongoing services.

The essence of 3DS is its requirement for consumers to authenticate their transactions, significantly reducing unauthorized payments and, consequently, chargebacks.

the 3 domains in 3ds secure

2DS vs 3DS Card Payments

While 2DS offers a simplified, two-domain model for authentication, 3DS presents a more comprehensive approach, including an additional security domain. The primary difference lies in the depth of security and the consumer's interaction with the authentication process, with 3DS requiring an OTP or similar verification method.

Considerations when Choosing Between 2DS and 3DS to Reduce Chargebacks

The choice between 2DS and 3DS impacts not just security but the overall customer experience. While both aim to secure transactions, 3DS stands out for its ability to prevent various forms of fraud, including 'friendly fraud'—where chargebacks are filed without legitimate grounds. Implementing 3DS can significantly enhance your efforts to mitigate such risks.

However, the effectiveness and preference for 3DS can vary globally. For instance, while some markets like the U.S. may still lean towards 2DS for its simplicity, others, like Singapore, have widely adopted 3DS, appreciating the added security layer of OTP verification. Knowing your target market's preferences is crucial to implementing the most effective payment security strategy.


Familiarity with 3DS and its application in a payment gateway can greatly benefit your eCommerce business by reducing chargebacks and enhancing transaction security. For those seeking a secure, robust payment gateway solution, Tazapay offers a comprehensive suite of features designed to protect your online transactions. Accredited by the Monetary Authority of Singapore (MAS) and equipped with PCI DSS certification, Tazapay ensures your business transactions are secure and trustworthy.

eCommerce Tips
Global Payments, Local Touch: Unlocking Growth with Local Payment Methods in Cross-Border E-commerce

The digital era has opened a world of opportunities for businesses to go global. Yet, the unique digital evolution of each region and country has profoundly influenced consumer preferences in online payments. This diversity has given rise to local payment methods, designed specifically to align with the distinct consumer behaviors across the globe. Understanding what these local payment methods entail and the reasons behind their emergence is crucial for businesses looking to thrive in the international market.

Exploring the Spectrum of Payment Options in Cross-border Transactions

As we embark on the journey to understand the intricacies of local payment options, it's essential to first navigate through the diverse payment landscape that cross-border payments encompass. These payment methods form the backbone of international commerce, facilitating seamless transactions across borders. Let's delve into the key payment options that businesses and consumers commonly utilize in a cross-border context:

Credit Cards: Universally accepted, credit cards stand as a cornerstone in cross-border transactions, offering convenience and security for buyers and sellers alike.

Wire Transfer: For direct bank-to-bank transactions, wire transfers offer a reliable method for transferring funds internationally, albeit often with higher fees and longer processing times.

Local Bank Transfer: Bridging the gap between traditional and digital, local bank transfers provide a method for customers to pay through their local banking systems, enhancing convenience without the need for international banking facilities.

Local Payment Options: Catering specifically to regional preferences and financial infrastructures, local payment options (or alternative payment methods) offer tailored solutions that resonate with the local consumer behavior, ensuring inclusivity and accessibility in the global marketplace.

What are Local Payment Methods? Why Did These Different Payment Methods Arise?

Local payment methods, distinct from the conventional international payments like credit cards and bank transfers, cater to regional preferences and needs. Known variably as alternative payment methods (APMs), their development is influenced by a myriad of factors including existing infrastructures, consumer behavior, and government policies. The contrast between the Philippines and Ghana illustrates this diversity perfectly; while the Philippines has embraced eWallets for their unbanked population, Ghana leans towards Mobile Money services provided by telecom companies, showcasing the tailored evolution of payment solutions across different landscapes.

Benefits of Adding Local Payment Options to Your Cross-Border Payment Strategy

Incorporating local payment options into your cross-border payment gateway is not just a nod to customer diversity—it's a strategic move that propels your business forward. This approach does more than just acknowledge the varied preferences of your global customer base; it actively engages with them, offering solutions that are attuned to their specific needs and circumstances. Here are the key benefits of integrating local payment methods into your international payment infrastructure:

Enhanced Customer Experience: By offering payment options that customers are familiar with and trust, you significantly improve the user experience. This familiarity reduces friction at checkout, increasing the likelihood of completing a purchase.

Increased Market Penetration: Local payment methods open doors to new markets, especially in regions with a high preference for non-traditional payment solutions. This inclusivity allows you to reach a broader audience, tapping into previously inaccessible customer segments.

Higher Transaction Success Rates: Local payment options often boast higher success rates for transactions, owing to their compatibility with the regional banking infrastructure and regulatory environment. This leads to fewer failed transactions and a smoother payment process.

Competitive Advantage: Offering a diverse set of payment options can set you apart from competitors, making your platform the preferred choice for customers seeking convenience and flexibility in their payment methods.

Regulatory Compliance: By integrating local payment methods, you align with local regulations and financial practices, minimizing legal and operational risks associated with international transactions.

Reduced Costs: Local payments can be more cost-effective for both merchants and consumers, avoiding the high fees associated with international card payments and currency conversions.

As the digital economy continues to connect markets worldwide, the strategic incorporation of local payment options into your payment gateway is essential. It not only respects and caters to the preferences of a global customer base but also capitalizes on the unique opportunities presented by the varied financial landscapes across regions. Embrace the diversity of payment preferences to unlock a world of possibilities for your cross-border business.

How Much Does it Cost to Include a Local Payment Method for International Payments?

Embracing local payment methods comes with its costs, a fundamental truth in the realm of international business. To ensure a smooth integration of these payment solutions onto your platform, it's crucial to evaluate the financial implications:

Setup Fees: Assess whether an initial investment is required to access the service.

Platform Fees: Understand the service's cost structure—whether it operates on a flat rate, transaction percentage, or a combination of both.

Payout Options: Consider the currency in which the provider will settle payments to your business account, and whether it aligns with your financial preferences or needs.

FX Rates: Analyze the exchange rates offered for conversions, especially if payouts are in a different currency than your primary business operations.

Gaining a comprehensive understanding of these expenses is key to selecting a payment gateway that aligns with your business objectives and budgetary constraints.

In navigating these costs, Tazapay emerges as a pivotal partner for businesses looking to expand their global footprint. Offering competitive pricing and seamless integration, Tazapay enables access to local payment options in over 80 countries, simplifying the process without the need for establishing local entities. This advantage allows businesses to rapidly adapt to market demands and consumer preferences, ensuring a cost-effective and efficient payment solution tailored to the needs of international commerce.

Payment Methods by Region

The landscape of local payment methods is as diverse as the regions they serve. Each area has cultivated solutions that resonate with its unique market dynamics:

  • Africa: Pioneering with Mobile Money and Voucher-Based Payments, reflecting the continent's mobile-first approach.
  • Asia Pacific: Embracing QR Code Payments, showcasing a blend of technology and convenience.
  • Europe: Adopting Trustly and Sofort, highlighting preferences for secure and efficient bank transfers.
  • Latin America (LATAM): Favoring Voucher-Based Payments, catering to a cash-preferred customer base.

This regional overview underscores the importance of choosing payment methods that align with the local consumer behavior and technological infrastructure.

Integrating local payment methods into your cross-border payment strategy is imperative for businesses targeting international markets. By offering payment options that cater to regional preferences, you can enhance customer experience, expand market reach, and improve conversion rates. With the support of partners like Tazapay, navigating the complexities of global payments becomes more manageable, allowing your business to thrive in the competitive landscape of international e-commerce.

Hosted vs. Native Payment Gateways: Navigating the Differences for Your eCommerce Success
How a 3DS-enabled Payment Gateway Helps Reduce Chargebacks on Your eCommerce Business
Global Payments, Local Touch: Unlocking Growth with Local Payment Methods in Cross-Border E-commerce
Navigating Cross-Border Chargebacks – Tips for Merchants
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Tazapay Named to the 2023 CB Insights' Fintech 100 List

CB Insights today named Tazapay to its sixth-annual Fintech 100 ranking (previously the Fintech 250) - showcasing the 100 most promising private fintech companies of 2023.

"Representing 24 different countries across the globe, this year's Fintech 100 is shaping the future of real-time payments, spend management automation, embedded finance, and more," said Chris Bendtsen, Lead Fintech Analyst, CB Insights. Together, they are not only increasing the pace of innovation, but launching new products and features to revolutionize the industry as a whole. I cannot wait to see what this cohort accomplishes next."

"Being recognized in the CB Insights' Fintech 100 list is an affirmation of our vision to revolutionize cross-border payments. We're committed to creating solutions that not only simplify transactions but also instill trust in global commerce. This acknowledgement fuels our determination to push boundaries further," remarked Rahul Shinghal, CEO of Tazapay

Utilizing the CB Insights platform, the research team selected these 100 winners from a pool of over 19,000 private companies, including applicants and nominees. They were chosen based on factors including - equity funding, investor profiles, business relationships, R&D activity, news sentiment analysis, competitive landscape, proprietary Mosaic scores, and Yardstiq transcripts - and criteria such as tech novelty and market potential. The research team also reviewed thousands of Analyst Briefings submitted by applicants.

In a rapidly globalizing e-commerce landscape, Tazapay emerges as a crucial enabler. Its platform provides seamless and secure payment solutions, empowering businesses to confidently operate on a global scale. Tazapay has bridged the gap for cross-border merchants and enterprises, facilitating payment collections from 173+ global markets. Furthermore, the introduction of local payment options such as local bank transfers, QR codes, e-wallets, vouchers, etc. enables businesses to tap into diverse customer segments within these markets, further widening and deepening their reach. Demonstrating commitment to growth and compliance, Tazapay secured a license from the Monetary Authority of Singapore (MAS) and successfully closed its Series A funding in 2023

Quick facts on the 2023 Fintech 100:

  • Equity funding and deals: The Fintech 100 includes a mix of companies at different stages of maturity, product development, and funding. The cohort has raised nearly $22B in equity funding across 381 deals since 2019.
  • Unicorns: There are 31 companies with $1B+ valuations on the list.
  • Global Reach: This year's winners represent 24 different countries across the globe. Forty-three percent of the selected companies are headquartered in the US. The UK comes in second with 12 winners, followed by Singapore with 7. Additionally, some emerging markets stand out with multiple winners this year. For example, India has 3 winners, while Indonesia and Egypt each have 2.

About CB Insights

CB Insights builds software that enables the world's best companies to discover, understand, and make technology decisions with confidence. By marrying data, expert insights, and work management tools, clients manage their end-to-end technology decision-making process on CB Insights. To learn more, please visit

About Tazapay

Tazapay is reshaping the cross-border e-commerce landscape by offering secure, transparent, and efficient payment solutions tailored for global commerce. Catering to industries such as travel, gaming, ed-tech, SaaS, and e-commerce, we're committed to fostering trust and facilitating smooth global transactions. As the e-commerce domain continues to expand, Tazapay remains dedicated to being the payment solution partner of choice for businesses around the globe. Learn more at

Tazapay Secures MPI Licence from Singapore's MAS, Bolstering Its Cross-Border Payment Capabilities

SINGAPORE, August 2, 2023 /PRNewswire/ - Following the in-principle approval earlier this year, Tazapay Pte. Ltd. (“Tazapay”) a leading fintech company specialising in cross-border payments, is delighted to announce the attainment of a Major Payment Institution (MPI) licence from the Monetary Authority of Singapore (MAS). The approval from MAS further underpins Tazapay's commitment to robust regulatory compliance and operational excellence.

Singapore, known as a hub for international trade and commerce, offers the perfect vantage point for Tazapay to expand its reach and impact across Asia and beyond. The MPI licence allows Tazapay to extend its full suite of services, spanning account issuance, merchant acquisition, cross-border and domestic money transfers, and e-money issuance, to its growing client base.

Rahul Shinghal, CEO of Tazapay, shares his excitement, "Receiving this licence from MAS is a remarkable milestone in our journey. It not only signifies our commitment to delivering the highest standards of regulatory compliance but also paves the way for us to provide even more innovative and mission-critical cross-border payment solutions. As a Singapore-born and headquartered company, we view this achievement with immense pride and gratitude."

Even amidst a challenging tech winter, Tazapay continues to demonstrate resilience and an unwavering commitment to growth. The MPI licence acts as a catalyst for a host of forthcoming initiatives dedicated to augmenting the quality, security and user-friendliness of Tazapay's services. Coupled with the successful closing of our series A funding of USD 16.9 Million, Tazapay is better positioned than ever to transform the way cross-border e-commerce merchants operate especially in sectors such as travel, education technology, fashion & apparel, gifting and gaming.

With this milestone, Tazapay is ready to redefine cross-border transactions, offering a seamless and secure payment experience to businesses in the vibrant e-commerce space. The journey continues, and Tazapay remains dedicated to its mission of making global payments as smooth and frictionless as possible.

About Tazapay

Tazapay is a Singapore-based fintech company, designed to redefine the cross-border payment experience. Since its inception in 2021 by industry veterans, Tazapay has raised a successful $16.9 million Series A funding round, with significant investment from prestigious institutions such as Sequoia and the PayPal Alumni Fund. The platform allows businesses to transact with ease in 173+ countries, offering an array of card and local payment options. Its unified interface simplifies the onboarding process, allowing businesses to partner with just one entity, thereby streamlining their payment process. Tazapay continues to drive global business growth by offering a trusted and accessible platform for cross-border e-commerce transactions.

Singapore-based Tazapay partners with Volt to add open banking payments in UK and Europe

London, 28th February 2023: Tazapay, a Singapore-based cross-border payments provider, has partnered with leading global real-time payments gateway Volt to add open banking to its growing stack of payment offerings, as it accelerates its international growth plans across the UK and Europe.

The partnership will enable Tazapay’s customers to roll out and increase their cross-border sales, especially for APAC and MENA-based merchants looking to expand and increase sales in the UK and Europe.

Volt’s real-time reconciliation capabilities enable businesses to track payments from initiation to receipt, unlocking full visibility of the payment value chain via its data-driven insights and analytics. Over 70% of all payments processed via Volt’s gateway receive instant confirmation of settlement, a significant feature for cross-border merchants and businesses. Tazapay will also leverage Volt’s fraud prevention solution to identify and block any suspicious payments by monitoring transactions via a flexible scoring system.

Tazapay currently supports over 2,000 merchants across 30+ markets. It provides a full-stack payment solution that includes local payment methods as well as cards globally, with buyer and seller protection. The company has a global network of more than 170 markets for its card coverage, and 85 markets for its local payments collection coverage.

This strategic partnership with Volt, a leading player in open banking and real-time payments, unlocks growth for Tazapay in the UK and Europe and will be further continued by enabling open banking payments in Brazil later this year. Volt processes transactions securely between accounts held at over 5,000 banks in the UK, Europe and Brazil, covering over 680 million accounts.

The partnership marks another significant milestone for Tazapay, which has recently completed a $16.9m Series A fundraising round led by Sequoia Capital Southeast Asia, and has received in-principle approval for a major payment institution (MPI) licence from the Monetary Authority of Singapore (MAS).

Open banking continues to gain tremendous momentum in payments worldwide. The value of open banking-powered payments reached almost $4bn in 2021 and, by 2027, is expected to exceed $330bn. Over 60 countries currently have or are considering launching open banking frameworks, and Volt is building the global infrastructure to connect all the domestic systems worldwide via one single point of integration (API).

“With the advent of open banking and maturing of real-time payment networks like the PayNow service in Singapore and UPI in India, there is an increase in expectations from businesses and end consumers for payments to be done in real time. Tazapay is building the payments and compliance infrastructure for cross-border commerce and services, and we continue to focus our attention on growth plans. We are thrilled to be partnering with a like-minded company like Volt, who will support us in enabling seamless, real-time cross-border payments for our customers,” says Rahul Shinghal, CEO and Co-founder at Tazapay.

“This partnership demonstrates the global acceleration of real-time payments across many sectors – a complement to the acceleration of online business processes and an obvious fit for businesses now operating in a digital-first economy. We are excited to join forces with Tazapay and support them in their ambitions to offer cross-border instant payments, as well as data-driven analytics for better decision-making, supported by our proprietary solution Connect,” says Matt Komorowski, Chief Revenue Officer at Volt.

See all # Posts
Singapore-based Tazapay partners with Volt to add open banking payments in UK and Europe
Tazapay Secures MPI Licence from Singapore's MAS, Bolstering Its Cross-Border Payment Capabilities
Tazapay Gets In-Principle Approval for a Major Payment Institute (MPI) Licence from MAS
Singapore-based Fintech Tazapay Raises US$16.9 million in Series A Fundraising Round, Led by Sequoia Capital Southeast Asia
Tazapay Named to the 2023 CB Insights' Fintech 100 List