The topic of the gateways is a little more complicated and interesting than it seems. Payment gateways still have plenty of room for improvement and plenty of opportunities to surprise us, pleasantly or otherwise. Considering the significance of payment gateways in all industries from FinTech to Logistics and Education, those opportunities are worthy of your attention.
Do people still build online marketplaces? Hell yeah, they do. More than half of all online marketplaces were launched in the last 7 years. The market continues to grow, people are more willing to buy and sell, online, new countries enter the level of economic prosperity that is just right for online marketplaces. The opportunities are ripe to harvest.
Bank heist movies are fun to watch: the action, the intricate planning, and crafty execution are thrilling and enjoyable to witness on a screen. In reality, bank robberies are not that fun or enjoyable considering danger and consequences. The biggest bank robbery in the history of the US.
Seems like people are ready to go all-in with a cashless style of life and forget about clunky wallets. To achieve this,…
Fast backward to ancient Babylonia, 1800 BC give or take several hundred years (yeah, no historic accuracy for us here). Imagine you are a farmer named Abum-kila-ilim, and you need a loan because the latest harvest wasn’t spectacular, your livestock is underfed, and you… you’re quite likely underfed as well. Where would you go? That’s right: to the shrine of Shamash, the sun-god and the lord of justice and righteousness!
The majority of people still ‘bank’ in an old-school traditional way with often visits to the departments, cumbersome or expensive P2P money transfers, and the unmistakable fragrance of bureaucracy. Though there is still some style to traditional banking due to its exquisite institutional posturing, old buildings with classical tang, and ages-long history of intricate financial manipulations, the views and desires of people shift towards the magnetic convenience of mobile-only banking apps.
Transferring money from point A to point B sounds easy on paper. In practice, the process is simple only when it’s two people who are close to each other and have enough cash. Money transfers can be quite a hustle, especially if it’s an international transfer, and it’s neat when software can handle this hustle for you.
In 2018, in the US alone, the insurance industry totaled $1,22 trillion in net premiums with 2.7 million employees and $49.5 billion of payments in property losses. The industry is a giant, and its economic impact is colossal. And, what even more colossal is the amount of paperwork and number of the complex processes that run insurance companies.
I received an offer from another, way bigger company, and… Well, sure, with my rose-colored glasses on, I took the offer.
One more year has passed, I’ve got a few different certifications and watched hundreds of thousands of dollars being wasted.