Category: payit for business

Facts Everyone Should Know About QR And Sound Payments In UAE

QR codes and sound-based payment systems are two recent technologies that have entered the public sphere. Even though they are being widely used to make transactions all over the world, not many people know about them or how they work. If you want to know more about QR codes and sound-based payment systems, keep reading.

Smart Ways for Small Businesses to Reduce Costs

Setting up a small business from scratch takes a lot more from your wallet than you may usually predict. One big reason behind this is that there are no sales or profits to make up for any of the resources you pitch in. As a result, small business aspirants might sometimes feel discouraged about the

Factors That Can Affect The Success Of Your Online Store

While gearing up for an eCommerce venture, a number of people focus on one far-fetched goal: profit. It’s definitely exciting to plan your store around the concept of building yourself an empire, but that’s not something you can immediately achieve. There are many other factors, ideally of primary importance, that affect the success of your

What Is Fraud: Types Of Financial Fraud In The UAE

If you deal with receiving and transferring money, you may worry about the possibility of fraud. You may worry that someone will deceive you and use your money for unethical or illegal acts. Such concerns are valid, and you should educate yourself about the different types of fraud so as to protect your money and

UAE’s Payit partners with Platx for WhatsApp payments in the region

Merchants who enroll for this service can simply provide their WhatsApp enabled mobile numbers to their customers payit, the UAE’s digital wallet, powered by First Abu Dhabi Bank (FAB), has partnered with Platx omni channel conversational commerce, a provider of digital support services. The new service which is also the first of its kind in

Which Businesses Need Online Payment?

As the world evolves, businesses are looking to expand their payment options to online platforms. When you expand your business payment options, you provide more opportunities for your customers to pay in a manner that they are comfortable with- it might even increase your customer base within time. Hence, it is good to incorporate online

Neobanking – All You Need to Know About

After seeing internet-based technology skyrocket over the past decade, it shouldn’t come as a surprise to know that a set of all-new virtual banks have also come into existence.  Virtually set neobanks do an excellent job at providing users with a seamless, speedy banking experience through the internet. They can also help overcome specific core

Transfer Money For Free To Support Family Overseas This Eid

Approximately $550 billion in remittances are sent to the developing world from the developed world. Transferring money to your family is essential if you need to support them.  However, international money transfers usually come with high fees. A lot of banks or money transfer services will take around 5-7% of your total transfer amount as a transaction

Having A Digital Wallet Vs. A Regular Online Bank Account

Thanks to technology, a completely cashless society is no longer a pipe dream. payit is created to ensure that the UAE eventually becomes an entirely cashless society. However, for a lot of people, the concept of a wholly cashless society looks pretty daunting. Many don’t even understand what a digital wallet is and fail to

Why Businesses Need Digital Payments

Since the 70s brought computers under mass ownership, the process of electronic payments has become quite popular. Though previously, these weren’t as systemic and organizational as they are right now, there’s no denying that electronic funds transfer brings with it a lot of ease and convenience.  Going electronic with their payments is beneficial for the