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5 Top Payment Trends Impacting Asia in 2024

Fintech News

The Asian payment landscape is evolving rapidly in 2024, driven by advancements in technology, changing regulatory frameworks, and shifting consumer behaviours. This evolution presents a fascinating panorama of trends that are set to redefine the way financial transactions are conducted.

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Creating a User-Friendly Payment Experience

Payment Savvy

They worry about unwanted emails and unwelcomed correspondences. The best payment experience take customers’ preferences into consideration and not the requirements of a business. Be sure to stay abreast of payment trends and adopt new methods your customers will use. Allow for guest checkout to guarantee a sale.

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How To Do Accounts Receivable Reconciliation

Nanonets

Improving cash flow management: Accurate accounts receivable balances enable businesses to better manage their cash flow by ensuring timely collection of outstanding payments from customers. This may include sales invoices, credit memos, customer payments, bank statements, and ageing reports.

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An Overview of Netsuite AP Automation

Nanonets

Bank Reconciliation NetSuite automates bank reconciliation by importing bank statements and automatically matching transactions with corresponding records in the system. This seamless and efficient workflow accelerates the approval process, ensuring that invoices are processed promptly and preventing delays in payment processing.

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Managing Invoices on Sage Intacct

Nanonets

Match the payment to the corresponding invoice, and the system will automatically update your financial records. Generate reports to analyze your invoicing data, identify sales or overdue payment trends, and gain valuable insights into your business performance.

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Mastering Network Tokenization

Segpay

Even if intercepted, the token cannot be used for fraudulent transactions without the corresponding authentication mechanisms. During checkout, Michael enters his credit card information into the payment gateway. Suppose a customer purchases a refrigerator from an online store.

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After Adoption, Consolidation Of Payments Tech The Next Hurdle For Treasurers

PYMNTS

He noted that AP teams must first onboard and validate payment methods in their own back-end systems, ensure the master data on the supplier-side is accurate, and run compliance and background checks on those vendors before any payments can be made. “Speeding up payments is only part of the equation,” he said.