Tag "Fintech Basics"
Fintech Basics: What is Earned Wage Access?
Earned Wage Access (EWA) is a transformative service addressing a fundamental need in the fast-evolving landscape of financial solutions: timely access to earned wages. EWA, also referred to as on-demand pay or instant pay, presents an innovative way for employees
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Fintech Basics: What is Cryptocurrency?
What is cryptocurrency? It is a form of digital or virtual currency that leverages cryptography for security. Unlike traditional currencies issued by governments (like the US Dollar or the Euro), cryptocurrencies operate on decentralized networks based on blockchain technology—a distributed
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Fintech Basics: What Is an E-wallet?
The financial sector has always been on the frontline of technological advancements. From the invention of paper money to the introduction of credit cards, each new development has promised to make transactions smoother, faster, and more secure. In the 21st
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Fintech Basics: What is Buy Now Pay Later (BNPL) ?
Ever wondered what is buy now pay later? Imagine walking into a store, picking up a gadget or designer outfit you’ve been eyeing, and taking it home immediately without paying the full price upfront. This isn’t a shopper’s fantasy; it’s
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Fintech Basics: What is Open Banking?
Traditional banking practices have profoundly transformed in an increasingly digital and interconnected world. To understand what is open banking, one needs to understand that it is a concept to foster collaboration between financial institutions, technology companies, and third-party providers, and
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Fintech Basics: What is Embedded Finance?
In today’s rapidly evolving digital landscape, the way we interact with financial services is undergoing a profound transformation. Traditional banking and payment systems are being disrupted by a new paradigm known as “embedded finance.” But what is embedded finance, exactly?
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