Innovation is one of the main characteristics of the world in its last decades; transportation, communications, science, and values have mutated and advanced, as well as the needs of the human being.

Furthermore, the economy is no exception. It began with barter and was gradually replaced by gold until the circulation of currency as we know it today, mainly in the form of banknotes.

However, the use of cash gradually ceased to be the favorite method of users to manage their capital. It represented an impractical volume to transport in large quantities, and its theft was frequent.

Banks facilitated operations and helped connect the world through checks, deposits, cards, and transfers to solve these problems. Although at the time they were at the forefront, they slowly fell behind with the emergence of cryptocurrencies, their rigidity, and statutes that are gradually becoming obsolete. Thus giving way to the era of wallets and electronic payment alternatives. 

In this article we will tell you all you need to know about one of our partner’s platform. In a nutshell:

- Electronic payment alternatives are the link between parties who wish to conduct an economic transaction securely and reliably for all involved.

- Our partner’s platform is one of the most credible electronic payment alternatives in the market, with a presence on five continents.

- Eight banks support our partner’s platform global presence in different world regions.

- Citizens from the United States, Russia, and Israel are not accepted as directors or shareholders in the company structure acquiring payment processing services with our partners.

- Our partner accepts exclusively gambling/betting businesses.

- At this platform, you can process your payments with Visa, MasterCard, Maestro, JCB, Rupay, Diners Club, Amex, and Discover.

Electronic payment alternatives.

In response to the needs of an interconnected society, electronic payment alternatives have emerged. Their main objective is to serve as a link between parties that wish to carry out an economic transaction safely and reliably for all parties involved.

One of their main characteristics is the accessibility they present for people who live in countries with currencies that are not attractive in the international market and whose banks do not have access to international banking, which is generally handled in US dollars and the euro.

As online shopping became part of society's routine, these methods became more valuable and necessary. One of the most famous electronic payment alternatives is PayPal since it was one of the pioneers in this field.

But this does not mean that it is the best. This platform was founded in 2019 with headquarters in Lithuania and it is specialized in high risk business as it only works with gambling/betting businesses. Despite having a few years in the market, it is one of the electronic payment alternatives with greater credibility in it.

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Advantages of our partners

As previously mentioned, its presence in all markets with different operating headquarters and strategic alliances with traditional banks make our partner’s platform one of the most attractive options for those users who need to complete transactions in different types of currencies and allows them to have a presence in territories that are far from their own.

Eight acquiring banks support this global presence in different regions of the world is specifically located in:

- Central America has headquarters in each of its countries, including Venezuela.

- Europe: this area has three acquiring banks that focus their operations according to their assigned region and also provide services to Canada.

- Below Russia: which, due to its proximity, provides its services to the Balkan countries, the center of Asia, and what is called Eastern Europe. They manage to establish operations with countries that suffer from complex realities, such as Azerbaijan.

- Gulf region: serving the GCC countries, the North African area, and the Middle East. Including the most "complex" banks in the aforementioned zones.

- Asia: which has two areas of operations, one covering the area known as Southeast Asia and the other covering New Zealand, Australia, Japan, China, and Korea.

The presence in so many countries makes life and electronic payment transactions easier for people who decide to use their services. However, citizens from the United States, Russia, and Israel are not accepted as directors or shareholders in the company structure acquiring payment processing services with our partners. 

Although having the support of banks is one of the main advantages of acquiring our partner’s services, one cannot ignore the fact of being able to make transactions in different types of currencies that normally would not be so easily accessible.

Supporting your economy by transforming your local currency into other much stronger ones helps you protect your capital from phenomena such as hyperinflation.

The platform also has many commercial allies which allow you to make transactions with famous payment methods such as:

- Visa

- MasterCard

- Maestro

- JCB

- Rupay

- Diners

- Amex

- Discover

These alliances increase the platform's credibility and also allow them to improve their internal processes. As in the case of BIN optimization, they proceed to scan as soon as the first digits of the card are entered and instantly assign the deposit to a specific acquirer. This alone helps increase the approval rate by 15-20% and eliminates the percentage of cascading deposits.

FAQ Section

Are electronic payment alternatives secure?

Yes, as long as they are legitimate and have the necessary security support.

What are the requirements to have an account in the platform?

You must be of legal age and provide the necessary information to prove your identity.

Can I use this platform even if my income is in my local currency?

In most cases, yes.

Can someone from a country other than mine receive money from me through the platform?

Yes, as long as the person is also registered.

Why MUNDO?

In Mundo, our main interest is to keep our readers and clients at the forefront of the best financial market alternatives and economic activities that favor their capital. That is why we have strategic alliances in the most important sectors in many countries worldwide.

Being part of the new electronic payment alternatives allows you to maneuver quickly and accurately in operations that, under other methods, would be cumbersome or take more time. So we invite you to take this opportunity now.

Mundo has a varied group of experts who can advise you on any part of the process you choose, always aiming to meet your needs and desires within your budget, as our experts specialize in multiple financial sectors, including banking, investments, offshore business opportunities, and aspects of different jurisdictions. 

If you are interested in the financial alternative offered by our partner, do not hesitate to contact us to set the whole process in motion. Our main priority is to provide a complete and efficient service to our clients. 

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