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AWEPay: Bolstering Fintech With A Focus On Accountability

CFO Tech Outlook

Casey Seow, Managing Director, AWEPayCasey Seow, Managing Director Among all the intricate processes modern technology is used for today, trumping even space and aeronautical research, finance seems to demand the latest digital innovations’ most extensive application. The age-old institution that manages the ebb and flow of economies across the globe has been successfully adopting new trends and solutions to meet the needs and expectations of businesses in 2021, all the while adapting to the monetary behaviours of present consumers throughout the banking sector. However, with the adoption, implementation, and utilisation of various new solutions and technologies for financial purposes, a good number of safety concerns have propped up over the years and with justifiable reasons.

"AWEpay is able to provide flexibility and tailored solutions to ensure smooth operations for online merchants"

Today’s international marketplace continues to grow more active with the emergence of several online merchants and, with them, their respective payment gateways. This growth creates opportunities for cyberattacks and fraudulent activities—not to mention national and international regulatory challenges as well. And without the right assistance and guidance, navigating through payment solutions and service providers for expedited and secure transactions can become extremely daunting. Oftentimes, the lack of accountability in payment services that persists in the industry has resulted in the improper management of merchants’ monetary resources. And if accountability issues arose in an international transaction, the chances of recovering valuable data and money typically becomes difficult. Over the years, there have been instances where payment services have vanished without a trace, hampering the progress of merchants in every corner of the world.

In order to help businesses receive payments for their goods and services and pay their contemporaries with complete accountability, UK-based AWEpay offers the most reliable payment solutions that are cost-effective and easy to use. The company’s solutions excel at providing merchants with extensive features that include multicurrency and secure gateways, easy shopping cart integration, and user-friendly interfaces for easy accessibility.

AWEpay: Accountable Worldwide Epayments

AWEpay maintains many years of experience and partnerships in the payments space, ensuring that all our solutions have been developed with vigorous due diligence and know your bank (KYB) processes,” expresses Casey Seow, managing director of AWEpay.

In conducting such strict self-developing operations, AWEpay’s experts are able to empower merchants around the world with a safe, stable, and reliable solution. According to Seow, the company has had a sterling record in the past few years as it provides full accountability to all its merchant partners, and they always get paid as long as settlements are completed by the bank.

As a payment service provider, the more types of payments you accept, the easier it is for customers to pay the merchants


Be it Visa, Mastercard, AMEX, JCB, Unionpay, WeChat, Alipay, FPX, or eNets, flexibility is critical for online merchants; they must integrate several leading payment services into their workflows to drive customer experience. “As a payment service provider, the more types of payments you accept, the easier it is for customers to pay the merchants,” adds Seow. However, each of these gateways come with their own set of benefits and misgivings. Popular brands like Visa and Mastercard charge between two to seven percent of a transaction are levied as fees. Channels like FPX, on the other, have fixed rates for their fees. AWEpay’s solutions support merchants in choosing the most preferred and popular payment channels and provide them with the freedom of providing flexibility with an assurance of safety. FOREX, eGaming, healthcare companies, herbal product sellers, players in the nutrition sector, and legitimate multi-level marketing are some of the many merchants who stand to benefit greatly from the solutions and services proffered by AWEpay. Some banks in various countries, might consider specific industries as high risk, while a few EU banks are flexible with the choice of sectors they operate in. AWEpay serves all industries with their safe and reliable solutions, allowing many merchants to serve their customers across borders seamlessly.

The Technology Behind Awesome

AWEpay leverages the innovation of automation to the fullest alongside several API integration capabilities to design its solutions. The company, over the years, has spared no expense to ensure that their client’s businesses are always run without unwarranted interventions or downtime. The automated systems are constantly reengineered with the latest technological advancements in the payments industry to constantly stay ahead of the massive competition. The company strives to ensure that it maintains the highest levels of security to adhere to varied, stringent policies and regulations of the industry, keeping the welfare and interests of the merchants in mind.

Seow and his team specialise in achieving fast approvals to help online merchants establish a fully-legitimate e-commerce business with the utmost efficiency. Clients can expect support in the areas of all digital payment and m-commerce website development, single contact point for all banks, and round-the-clock customer support. AWEpay’s payment processing is 100 percent PCI-DSS compliant with certifications to prove how immaculate its solutions are via server penetration tests conducted every quarter. To top it all off, DDOS prevention is also implemented to protect its servers.

The company has also developed a wallet application— AWEwallet—that centralises and streamlines payment operations through a single portal to provide clients a new level of convenience and versitality with regards to all their payment requirements. “AWEpay is able to provide flexibility and tailored solutions to ensure smooth operations for online merchants,” states Seow.

The Resourcefulness of AWEpay

The Greenlife Company in Dubai and Morocco is a multi-level marketing (MLM) company that produces and distributes high-quality herbal and beauty care products. The company pays out residuals and commissions to its MLM members, which is a relatively easy task within local regions. However, it became a challenge when its members grew in number across Asia, Europe, and the Commonwealth of Independent States (CIS). At this juncture, AWEpay helped The Greenlife Company with its prepaid Mastercard product. The solution executed fully-integrated processes in order to help MLM members upload their KYC and receive their payments in the form of a debit card with access to over a million ATMs and 35.9 million merchants across the globe. “Each client has different requirements, while most are pretty straightforward. AWEpay’s payment solutions are extremely flexible, supporting clients through various complications while remaining completely compliant,” informs Seow.

The Road Ahead

With such strong competencies in the fintech realm, AWEpay is set to streamline payment services in the most compliant and efficient manner possible. Moving forward, the company plans to continuously develop its AWEwallet offering to support digital payment services with cryptocurrency capacities as well. AWEpay’s deep understanding of the online marketplace and its needs has also led it to combine social media marketing with payments, which considering today’s trends, seems to be the most effective strategy to drive fintech innovation. It intends to cover extensive grounds for both the consumer population and the banking industry by promoting its wallet alongside merchants to create a new, more robust payment services ecosystem for the future.

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Top 10 FinTech Solution Companies in Europe - 2021

AWEPay

Company
AWEPay

Management
Casey Seow, Managing Director

Description
AWEpay focuses on providing absolute accountability to its clients. The company provides the best fintech solutions tailored to the needs of the industry to drive productivity and innovation. AWEpay leverages the innovation of automation to the fullest alongside several API integration capabilities to design its solutions. The company, over the years, has spared no expense to ensure that their client’s businesses are always run without unwarranted interventions or downtime. The automated systems are constantly re-engineered with the latest technological advancements in the payments industry to constantly stay ahead of the massive competition