CMS, analytics, javascript, etc. Technology is revolutionizing every aspect of our day-to-day lives, and the banking sector is not left out. With the amount of ease and convenience the online world has to offer, it is not strange to see people gradually opting out of the conventional methods of getting their tasks done. As technology continues to connect the world, it tries to shrink the barrier that distance provides, finding ways to share resources, without having to travel halfway across the world. FinTech exists to make the circulation of monetary resources easy and convenient.
What is FinTech?
FinTech is an acronym for the term Financial Technology. FinTech has been around for quite a while now, but just like most things, it has continued to develop. Notable technological advancements such as; artificial intelligence, 5G network, internet of things, etc have established FinTech in today’s world. Just as the name implies financial technology is the act of using technology to make banking services, more effective and efficient, Financial Technology Companies, are entities dedicated to doing the above, companies such as GT Pay, Flutterwave, and Remita, etc.
Benefits of Financial Technology
FinTech is beneficial in most ways, in that it provides all the services with a traditional bank would provide, but with less stress, time, and resources. FinTech services range from opening a savings account to making financial transactions. Not only are these services available, but you can also access them with the click of a button. There are certain benefits of FinTech that cannot be ignored, they are;
1. Cost-effective: financial technology offers banking at a reduced cost, as most fintech platforms take little commissions, compared to traditional banks
2. Accessibility: anyone with the internet and a smartphone can access Financial technology
3. Time-saving: Banking online does not take nearly as much time as traditional banking, in most cases, it takes a minimum of 10 minutes
4. Variety of Services: fintech offers a variety of services at the click of a button, etc.
VoguePay
VoguePay is a secure, user-friendly online payment platform that enables the sending and receiving of payment, with or without a website. This is a fintech company that allows its customers to send and receive payments easily, in any currency, it also accepts payments, through bank transfers, card transactions, USSD, and bitcoin.
This platform enables a flexible solution that its customers can personalize to solve all their payment problems. Opening an account with Voguepay is free; this of course portrays VoguePay as a secure payment platform choice for small businesses and startups on about 4 continents. VoguePay has a website, with several inbuilt tools, such as sales and store reports, inventory management, and third-party plugins, it uses over 12 web technology tools on its website, namely; widgets, ADS,
As a unique online payment platform that offers buyers and sellers a secure and easy-to-use means of transacting business, Voguepay is aimed at increasing financial inclusion and business growth for SMEs. VoguePay also offers end-to-end managed solutions and business services, locally and internationally. This payment gateway has invested in technologies to provide accurate and secure online and mobile payment processing support to merchants, institutions, customers, etc.
Compared to other payment gateways, VoguePay is not free to set up. VoguePay charges N1,500 (with corporate affairs commission certificate) and N2,500 (with a government-issued identity card). Local transactions on this platform attract a 1.5 % charge, while international transactions attract a 3.8% charge. Onboarding and approval of Voguepay take between 1 to 5 days. One does not need a website to use Voguepay.
SmartSMSSolutions and FinTech
SmartSMSSolutions is never behind on the trend, we also offer you a convenient way to make payments for our services. We are an organization that focuses on efficiency with as much comfort as possible, we have features that make working with us exceptionally easy and less time-consuming, thus giving you more time and resources to attend to the needs of your customers. As an organization passionate about the development and improvement of our client businesses, SmartSMSSolutions recognizes the benefits of FinTech, in that it simplifies the financial process, making bills easier to pay and purchasing, more convenient. This is why you can fund your SmartSMS wallet, using our Flutterwave platform, this means you do not have to leave the comfort of your home or office to do it. To learn more about SmartSMSSolutions and to know how to fund your wallet, visit our website.