ONE OF THE MOST COVETED MILESTONES IN FINANCIAL HISTORYFGD is on a mission.
They want to have the world's first portable and interoperable mobile wallet.
This would encompass real time payments on a global scale---the dream---working toward the reality.
(1) Our vision: First Global is aggressively moving toward becoming the world's first portable, interoperable mobile wallet/payment solution.
Here is an example of what this means:
- Our customer in India downloads the Vpayqwik mobile app, loads Indian rupees, they shop and spend directly on the mobile app, on e-commerce sites and at real-world physical locations.
- That same customer decides to travel to Toronto to visit family. As they land in Toronto, they convert the currency in the Vpayqwik mobile wallet to Canadian dollars, they shop and spend.
- The customer then decides to travel from Toronto to Mexico. As they arrive in Mexico they convert the currency in their Vpayqwik mobile wallet to Mexican pesos, they shop and spend.
- As funds run out, they reload the Vpayqwik mobile wallet by reach back to their bank account in India, reload and continue shopping and spending in Mexico.
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2017: The Year of Instant B2B Cross-Border Payments Becomes Reality
The concept of instant cross-border payments, especially in the B2B space, is one of the most coveted milestones in the financial industry. For counterparties who wish to settle transactions in real-time, the exchanging of comprehensive payments data is critical to ensure the completion of the transaction. Achieving real-time payments on a global scale has, however, remained a dream. This is due to the combination of technology deficits, regulatory burdens and process inertia.
Yet, as we kick off 2017, we are on the precipice of the most exciting time in the history of the global payments industry. We are leading the way to eliminate the long-standing barriers to the realization of real-time, cross-border payments. Which is way why I’m declaring 2017 the Year of Cross-Border, Instant Payments!
Here are a few of the biggest trends that are driving the industry toward this reality:
https://www.paycommerce.com › instant-...
2017: The Year of Instant B2B Cross-Border Payments Becomes Reality ... such as blockchain are shortening the steps required to send payments — a solution to deliver these payments faster around the world.Using the ...