Good news from fintech — new license arrived! Payment system Airwallex has obtained an Australian Financial Services License (AFSL) and plans to actively expand access to retail investments for its business clients. The Airwallex Yield investment program will allow retail investors to earn income from balances in different currencies. Before this update, the functionality was only available to clients who could invest a minimum of A$500,000, but now the entry threshold has been reduced to A$10,000. This significant reduction will allow fintech company to earn more and also truly diversify its services and revenues.
Meanwhile, the cryptocurrency exchange Bybit has also concentrated on business clients and improved related functionality of its platform. New features include a spot liquidity program and Block Trading with zero fees. Thus, the exchange focuses on attraction of institutional traders who will use it for large-scale transactions. This will increase the liquidity of exchange itself and its role in the international crypto market.
Actually, business owners are in the focus of many payment systems and products. The reason is that they are able to bring stable and predictable profits. Retail services for individual clients do not have such potential, and this is clear for both banks and modern young fintech. If we consider the situation from online business point of view, which, of course, includes iGaming, focus on solving problems and providing quality B2B service only helps payment systems and e-commerce work smoothly and make a mutual profit. When a fintech company knows its client's problems and strives to solve them with own capabilities, not just doing bling sales — it works. Therefore, at Monoup, we are not tired of reminding you that evaluation of potential payment partners should be carried out precisely according to the functions and options, not the prices. Yes, the price is important, but not the most important.
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