Tag: Shows
BMW shows automotive speeding up toward AR future
BMW has rolled out AR features for some of the latest models in its iX electric range, starting with an information overlay for navigation
The post BMW shows automotive speeding up toward AR future appeared first on VRWorldTech Magazine.
Stolen Bitfinex Crypto Recovered – Feds Seize $3.6 Billion in BTC
Over $3.6 billion dollars worth of Bitcoin linked to the Bitfinex hack of 2016 has been seized, according to a statement from the US Justice Department. Ilya Lichtenstein, 34, and his wife, Heather Morgan, 31, were arrested on Tuesday for allegedly trying to launder the Bitcoin stolen from Bitfinex in a series of sophisticated strategies. […]
The post Stolen Bitfinex Crypto Recovered – Feds Seize $3.6 Billion in BTC appeared first on Coin Bureau.
Opensea’s All-Time NFT Sales Volume Crosses $20 Billion
Log4j and the Role of SBOMs in Reducing Software Security Risk
4-player Co-op Shooter ‘Gambit!’ Coming to Quest & SteamVR This Year
The post 4-player Co-op Shooter ‘Gambit!’ Coming to Quest & SteamVR This Year appeared first on Road to VR.
Guide: Alert Overload and Handling for Lean IT Security Teams
Data Highlights Growing Threat From Intelligent Bots Operated at Scale by Cybercriminals
The intelligent bot revolution continues. Eighty-six percent of attacks against accounts are now driven by bots that have become 3 times more complex than those seen in earlier years – making it harder for security teams to detect bot signatures.
The Chopping Block: SBF on a Crazy Week of Bitfinex, Wormhole and ENS Drama
Dragonfly Capital Welcome to The Chopping Block! Crypto insiders Haseeb Qureshi, Tom Schmidt, and Tarun Chitra chop it up about the latest news in the digital asset industry. On this[...]
The post The Chopping Block: SBF on a Crazy Week of Bitfinex, Wormhole and ENS Drama appeared first on Unchained Podcast.
Big Volumes In Credit And Inflation Plus European Equivalence
Weekly Cryptocurrency Market Analysis: Altcoins Rebound as Bulls Enforce Trend Change
XanPay Partners with SWAG to Launch New Alternative Payment Methods
HONG KONG, Feb 9, 2022 - (ACN Newswire) - Recently, XanPay announced a partnership with SWAG, a leading online entertainment interactive brand, to launch new alternative payment methods. Online entertainment experienced exponential growth during the pandemic. According to a related report, the worldwide traffic of online entertainment has grown substantially during the COVID-19 period. The increasing number of people working from home and restrictive social distancing measures has made online entertainment avenues extremely popular.
SWAG gained the upper hand against its competitors during this period partnering with a payment gateway specialized in alternative payment methods, XanPay.
Challenges of Online Entertainment Platforms in High-Risk Industry
SWAG is one of Asia's largest online entertainment interactive brands. The Taiwan-based company started in 2017 with a team of 80 employees. They have come a long way to establish themselves as the leader in the region.
For those who are unfamiliar, there are major challenges and taboos that the alternative online entertainment space constantly faced for decades:
- Many financial institutions (FIs) consider merchants in this industry as 'high-risk'
- 'High-risk' merchants faced extreme scrutiny and long approval lead times
- Payment gateways that are accepting of these merchants usually charged exorbitant fees, sometimes nearly 20%
- Unnecessary and tedious paperwork and processes
- Perceived as risky business due to the high possibility of high chargeback
It wasn't any different for SWAG and they encountered many such obstacles over the years, but they continued to look for solutions that support the online entertainment content creator industry. Research shows that local payment methods or alternative payment methods (APMs) are 3x more popular than credit cards across APAC.
So, they began to look for local payment gateways which provided alternative payment methods (APMs) across Asia. However, issues like poor API integration documentation and having payment gateways that disappeared without response - made it difficult for them to break into new markets.
Reliable Payment Gateway in the APAC Region
When OnlyFans announced an official ban, the SWAG team onboarded many of the online entertainment content creators. They were determined to provide a reputable source of entertainment as well as income to their content creators.
After getting to know about XanPay, SWAG integrated and went live with new payment options within a week. Immediately, they observed payment adoption from across 8 new countries. Singapore, Malaysia and Hong Kong became their biggest markets in this region. Additionally, the number of payment issues reported by users had also drastically reduced.
Since then, XanPay accounts for up to 90% of their payment transactions in the new markets that they expanded to.
Key Highlights
- Generated revenue from 8 new Asian countries within a month of integration
- About 50% of the transactions are from XanPay vs non-XanPay
- Grew their revenue and transaction volume by 5% within 3 months of integration
- of payment issues reported by users drastically reduced
- Ability to focus on bigger marketing and expansion plans
- Acquired new users with XanPay processing up to 90% of the transaction volume in SEA
Quote section
"XanPay is our one-stop payment gateway in Asia. They solved our pain points. Not only are we able to reach new users and markets, but our alternative payments in the SEA region are also now managed by them, which is amazing." - Allan Lei, CTO of SWAG
Payments, Streamlined
XanPay has become their one-stop payment gateway solution using the full checkout page option. By getting the right payment gateway, the SWAG team gets to focus their efforts on bigger business plans.
SWAG now aimed to deepen its reach into Vietnam, Thailand and Indonesia.
About XanPay
XanPay is a unique payment gateway specialized in serving global customers locally. XanPay partners with organizations and small businesses to scale quickly and achieve outcomes through modern cross-border payment solutions. For XanPay, modern means widely adopted, seamless, convenient and secure. As a fast-growing payments company, XanPay built connections across 490 local banks in over 10 countries, enabling any businesses in the ecosystem to accept easy payments competitively. Shaping the next-generation payments landscape by bringing greater financial access.
For more information, visit
LinkedIn: https://www.linkedin.com/company/xanpay/
Facebook: https://www.facebook.com/XanPayOfficial
YouTube: https://www.youtube.com/channel/UCOmtkZ6cwwamzmQ_iViuzeA
Website: https://xanpay.com/
Media Queries
Carrine Eng, Marketing & PR Manager
Email: [email protected]
SOURCE: XanPay
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