Digital Payments Get on Stage-FEITIAN at Seamless India 2021 Nov 24-25th

In recent years, digital payments will account for 71.7% of all payment transactions in India by 2025. India’s e-commerce market is expected to grow to USD 200 billion by 2026. According to a recent study from 《Forrester Research》, retailers reported increase in contactless transactions since January. Further aided by the rise of online orders, digital payments suddenly became a necessity for many.

FEITIAN IOT & Payment Business Unit CMO Mr. Mahaveer Shah participated in the panel discussion,Payments Innovation——Building a digital payments ecosystem. 

Mr. Mahaveer Shah said “India is the third largest economy in Asia ,to better promote local digital payment development, FEITIAN is improving its digital payment ecosystem and services adapt to shifting consumer behavior and market reality by rounding out their digital payment ecosystem.” On this event, FEITIAN introduced the hardware, software and one-stop shop.

Hardware,F20- Android Financial payment terminal to attendees, the F20 support Omni-channel Payment, NFC, IC card, Magstripe card and QR code is more convenient to use and faster to trade on the basis of ensuring safe trading, powered by a 4G and WIFI network, whatever and where you are can be use it with easy, help customers reduce costs. F100-Android Portable POS ,breakthrough the business boundary only to bring more business opportunities. combine NFC and QR code, it seems like versatile and flexible and be your business partner, bring a new payment experience for merchants.

Software,STORM,Terminal Operations Remote Manager ,the next generation TMS platform realizes the management of traditional POS,  Android Smart Phones, Android POS and mobile POS via one platform.

SmartPay,  Android Merchant/Cashier

A standard, flexible, stable Android payment application (APK format), with a complete bank card transaction capacity, mobile payment capacity and value-added features.    

As consumers made the switch, many retailers and quick-service restaurants followed suit and encouraged using contactless payments.

Another common objective shared by many companies services are to eventually level up and build a commerce ecosystem that serves both consumers and merchants. FEITIAN are aiming to serve both sellers and buyers with a mix of business-oriented and consumer-facing products. FEITIAN is one of the market leaders in digital POS systems and provides a “One-Stop Shop” such as Digital Banking Solutions, New Retail Solutions and so on service to its business customers services, whereas FEITIAN also sells POS software that primarily serve businesses.

Under the wave of digital payments, FEITIAN will create more hardware and software products with better experience, further develop domestic POS and related products in the Indian markets.

 

 

FEITIAN Make New Payment is simple

Seamless Saudi Arabia as one of the largest payments and business technology conferences and exhibitions in the region.one of the region’s largest payments and commerce technology conference and exhibition. Seamless Saudi Arabia 2021 covering the world of payments, fintech, e-commerce and retail. The event is set to bring together the entire banking and financial services industry to discuss, debate and evaluate the future of money across two days of keynote presentations, panels, case studies, interviews, demos, roundtables and workshops.

As a gold sponsor , FEITIAN has been devoting into providing secure financial solutions for worldwide customers for 22 years and in more than 2000+ global customers and 1000+ Patents Worldwide. FEITIAN follows the latest technology trends, like Android 10 OS, high voltage battery and Qualcomm quad-core processor etc., and combines with our world-leading R&D capabilities to offer the best cost-effective, secure, flexible payment terminals and solutions. To meet the demands of different application scenarios.

One-stop Solutions

 

On this event, FEITIAN IOT & Payment Business Unit CMO Mr. Mahaveer Shah participated in the panel discussion——REVOLUTIONISING PAYMENT PROCESSES AND REACHING MARKET MATURITY: DIGITAL CURRENCY, UNINTERRUPTED PAYMENTS AND TECH EMBRACEMENT

exchanges opinions with other distinguished guest, such as below:

  • Taking wearables completely out of the equation;
  • Creating a frictionless, easy and convenient experience
  • Reaching market maturity – is digital currency the way forward
  • What will it take for invisible payments to thrive

In the future, FEITIAN is always committed to providing customers with safe and convenient payment products and solutions, will follow the development and transformation trend of payment, use the technical advantages and landing experience in the construction of payment industry, help the bank and retail industry to achieve cost reduction and efficiency, improve service experience, enhance the core competitiveness.

 

 

 

Building Security and Payment FEITIAN has been on the way

Find out in Seamless Africa in 2021 (02-03 Nov Online Event)

Seamless is the key meeting and Africa’s largest and longest running conference focused on cards and payments. Now, Payment methods have changed a lot in recent years, it is understood that Africa faces great opportunities, especially in the field of digital and payments. 

FEITIAN will study together with you, exchange the latest products and payment methods, comprehensive solutions and advanced technologies in the industry, providing a good communication platform for all visitors. On this event FEITIAN shared two topics below

Mahaveer ShahChief Marketing Officer (CMO) |  IOT& Payment Business Unit                                                                                                                        Topic 1Opening financial ecosystems with APIs: navigating an open and digital future, reaching inclusivity and meeting customer demand and unlocking the world of digital commerce

Riad LAQLACHChief Technology Officer (CTO) |  IOT& Payment Business Unit                                                                                                                      Topic 2Promoting and facilitating responsible financial inclusion with digitally enabled infrastructure

 

 

 

As a listed company in China, FEITIAN has been devoting into providing secure financial solutions for worldwide customers for 22 years and in more than 100 countries. To meet the changing payment patterns and customers’ ever-changing payment needs, FEITIAN will seize this opportunity to share with you the latest solutions in the region.

In the future, in the digital age, with our excellent products and services to help all customers realize and create their business value. To become an international enterprise providing reliable information security products and solutions for global users.

 

 

 

FEITIAN Speak on Transformation path to the digital acquiring process for new banks at Open Bank Latam

FEITIAN joined the Open Bank Latam event (Online Virtual Meeting) on October 28 and 29, 2021. The event focus on the megatrends in regulation, infrastructure and scalable business models in the Region.

Riad LAQLACH ——Chief Technology Officer (CTO) |   IOT&Payment Business Unit 

Every day, more and more payment transactions take place without a customer ever touching their cards. New Fintech players are launching services that erode banks’ interface with customers, making it harder than ever for financial institutions to build and maintain brand loyalty. The new Fintech companies collect rich customer data that they use to personalize and optimize customer experiences strengthening their customer relationships while weakening the bank’s, leveraging transaction data to launch their own financial products challenging the traditional financial institutions directly.

 

How FEITIAN Technologies can help Banks to compete by offering a better digital experience for the end customer and also for the bank operator. We will discuss how our customers used FEITIAN Technologies Hardware and Software Solutions to achieve the three key success factors for digital acquiring transformation by :

 

 

 

  1. Delivering differentiated value-added services
  2. Achieving distribution scale at the industry vertical level
  3. Executing an effective acquisition and partnering strategy
 
ABOUT FEITIAN

Established in 1998, FEITIAN Technologies is a global leading provider of secure financial solutions for worldwide customers for 22 years. FEITIAN aims to build security for customers and has world-leading technology and experience in secure hardware designing and software development.

 
ABOUT THE OPEN BANK LATAM

​Building a new Open Bank architecture in Latin America.

Learn about the mega-trends in regulation, infrastructure and scalable business models in the Region. Latin America has emerged as a power house of open banking activity.

We Build Security And Payment, FEITIAN Was Invited to Seamless Middle East 2021 In Dubai

Seamless Middle East 2021 in Dubai September 29-30 concluded successfully. The event showcases FEITIAN various products and solutions in Payments and Retail Industries to visiting delegates, as well as providing great opportunities to connect with the regional ecosystem and providing opportunities for exhibitors to communicate with customers face-to-face and negotiate deals. Seamless is considered as one of the largest payments events showcasing future payment technologies and new ideas. It is heavily attended by visitors and end users interested in payment technology.

Mahaveer Shah, Chief Marketing Officer, IoT & Payment Business Unit, FEITAN Technologies, China joined the first day fireside chat, shifting toward a cashless society – the financial implications of digital implementation. According to the following , the special guest shared their different views with each other.

  • Addressing legal and policy questions
  • Ensuring trust in the everyday community
  • Addressing the cost of cash. Banking isn’t and never was free
  • Vision for rollout and community confidence

During the exhibition, FEITIAN Introduced the F20、F100 、F300、ePayPOS600 payment Terminals. Like F20,all-in-one financial devices, which also perform fingerprint reading in addition to contributing to the growth of mobile wallets and NFC and QR technologies to the payments market.

As an excellent supplier in the payment industry, FEITIAN has developed a number of intelligent payment integrated solution terminals to appear in the exhibition by taking advantage of its core advantages in the payment industry. During the two-day exhibition, FEITIAN demonstrated its advanced production processes and innovative payment technology solutions, which were recognized and praised by visitors and customers from different parts of the world.

The new global intelligent payment terminal market, FEITIAN is poised for growth, whether in product innovation or product quality, FEITIAN will continue to pursue excellence. We build security and payment , FEITIAN will continue to innovate in the field of payment, to help the industry.

 

 

 

Feitian is proud to see the article published in POSitivity 9.1 at mpecosystem

During the previous 18 months, we have seen a massive rise of contactless and shift to eCommerce payments. Do you think that the digital payment revolution will continue post covid and change consumer payments?

The use of contactless technology and the increasing share that eCommerce takes of total retail spend have been trends that started well before the pandemic. The pandemic only accelerated this trend. But the pandemic has also done is to open up these payment forms to parts of the population or generations that were naturally reluctant to adopt those. People were forced to use these and as a consequence changed their purchasing and payment behaviours. Post-pandemic some of that change might be lost again as some of us crave to go back to the old days but this won’t change the overall trend.

What do you think are the types of payment rails that will be growing?

In previous years I have been very positive about the potential of Open Banking but there is a growing sense that whilst Open Banking will play a major role in future

years, Open Banking based payments may be less so. Unless there is a real value add for end users i.e. consumers merchants should benefit from lower costs and faster settlement anyway – it will struggle to gain momentum. That then raises the question about the role of Accountto-Account payments. EPI, the European Payment Initiative, is also meant to be A2A based. I think the industry will follow with interest whether any of these initiatives will drive growth in A2A volumes.

What do you see as a key card acquiring trend in the upcoming 12 months?

A very important consequence of the pandemic has been the accelerated adoption of digital payment acceptance technology in the SME and microbusiness segment. It is the segment that is very well served by the likes of Stripe, Square and Adyen, and may be less so by the traditional acquiring banks. Growth in this segment and the need to combine payments with other value added services will stay with us. In this context I will look with interest at how Square is continuing the creation of a super-app. At last year’s virtual event Mastercard presented research on the growing use of mobile wallets. Will Square make a big play for it in the next 12-18 months?

COMPANIES & TRENDS to watch & trends to follow If you could share your three tips on the most promising: – merchant payments companies (rising stars) with high potential to change/shape the market and

As stated earlier, I will be following closely what Square does in developing its super-app.

Not sure to what extent it will change the competitive landscape, but the rise of the corporate acquirer will be interesting to watch. Citibank, Deutsche Bank, JPMorgan are just three examples that are re-entering the merchant acquiring space with a proposition that is closely integrated with its corporate banking / treasury services offering. Initially this is targeted at corporate banking customers but how will this impact other acquirers serving the large international tier 1 clients?

Merchant Payments Ecosystem 2021/2022 – after the Pandemic

Payments companies must anticipate what’s next-now.

Change in payments has gone into overdrive, and will only get faster. From digital disruption and the race to innovate to regulatory requirements and customer demands, traditional payments players are being squeezed from all sides. The pressure will not let up.Android is known to deliver a seamless software experience to its users and it’s no wonder, with 86.6% market share as of 2019, Android is the dominant smartphone operating system worldwide, way ahead of its rival iOS at 13.4% as per International Data Corporation (IDC).Today Banks/Acquirer are in need of Smart Android POS which are cost effective and also offer an ecosystem with White label merchant Payment application with in built mini cash register and inventory management along with ready adopters to integrate to multiple switches on different ISO8583/Nexo protocols along with a Multi POS Terminal Management system with DUKPT Remote Key Injection as SaaS which is PCIPIN Certified.

What are current trends in merchant payments?

Trend in Payments is WLA Standard https://wla-payment.org and LCR Least Cost Routing kernel support apart from SOFTPOS and Dynamic QR Sound Box.

What can we expect in 12 months? What will Merchant Payments Ecosystem and Point of Sale look like after the pandemic?

One trend that will impact merchant payments in 2021 is the rising data-awareness required in every business activity. More specifically, data linked to merchants’ activity needs to be transformed into useful and actionable analytics and this is where FEITIAN is working on Future AI /ML based Technology to be incorporated into their Terminal Management system for real time analytics

.A second trend to emphasise is the expansion of the portfolio of available payment solutions, driving users away from plastic cards and other traditional means of payments. Among all the innovative ideas available, one that will probably be very impactful is digital wallets with QR and NFC payment Terminals and Android based Unattended Terminals for Vending and Kiosk.

What do you think are the types of payment rails that will be growing?

QR , NFC and Face ID Payments are the real future which are upcoming trends.

Do we see a divergence or convergence of Payment Technologies across Europe?

Convergence of Payment Technologies with the adoption of new technologies will be in place in future also merchants are now wanting to use POS for different VAS services rather than focusing on multiple traditional POS and different solutions for their day to day operational & payment needs.

Are Digital and physical POS converging at a higher rate?

Sure! Digital Payments Like QR, NFC ,SoftPOS are all converging as with new innovations and adaption of new technologies . Now we at FEITIAN are working hard on brining innovative solutions for merchant retail POS with Cloud POS and Payment as a service for market acceptance building on the roads of AI/ML based Analytics on TMS and Dynamic GUI based Merchant Cashier applications.

 

ABOUT Merchant Payments Ecosystem
MPE is Europe’s largest payment acceptance conference & community. Future of payments happens at #mpecosystem.

 

New technology enables Smart POS payments

New technology enables Smart POS payments

Aug 25th, 2021

With the rapid development of global fintech, the application of mobile payment and big data in every work of life, the global shipment of POS terminals is growing rapidly. According to the relevant statistics, the global shipment POS terminals in 2019 was 128.20 million units, year-one -year growth in 23.7%.  

In 2019,From the POS terminals type of distribution, traditional POS terminals account for 46% ,Bluetooth terminals account for 38%, QR POS terminals account for 7%.

Even though traditional POS still have a large market share , no need to worry about it .Under the new retail trend ,more and more merchants focus on digital transformation with Smart POS terminals status growing rapidly. In three years to come, intelligent payment terminal market shall keep rising.

In order to satisfy needs of the retail industry, FEITIAN has tap into the customers demand ,rely on internet ,big data ,AI and other technologies realized the importance of integration and interaction of online and offline (O2O).

Based on the above, the IOT & Payment Business Unit of FETIAN launched one-stop service, including hardware, Payment Application and software’s. These solution’s can be of further assisted to improve and update the whole sales ecosystem in order to reduce costs , promote efficiency and improve experience.

The perfect combination of hardware ,application and software making FEITIAN your One-stop shop!

√ Inventory Management

√ Price tag Management

√ Price tag Management

√ Price tag Management

√ Customer Loyalty Program

√ Reconciliation

 

Related Products

 
ABOUT FEITIAN

Established in 1998, FEITIAN Technologies is a global leading provider of secure financial solutions for worldwide customers for 22 years. FEITIAN aims to build security for customers and has world-leading technology and experience in secure hardware designing and software development.

 

 

 5

FEITIAN Unveils Next Generation Smart POS on its Virtual Launch Event

FEITIAN Unveils Next Generation Smart POS on its Virtual Launch Event

May 10th, 2021

Beijing, China — Feb 26, 2021 — This year’s Europe’s Largest Merchant Payments Conference—MPE was held virtually from Feb.22 to 25. FEITIAN IOT&Payment Business Unit CMO, Mahaveer Shah delivered the speech titled “The Changing Landscape of POS”. In his speech, Mr. Shah answered the mostly asked questions of smart POS such as “Why Android?” and analyzed the drivers of the changes of POS landscape with insights, and presented FEITIAN smart payment solutions to global customers for the first time.

To respond to this juncture, FEITIAN IOT&Payment Business Unit launched F20 virtually and received warm reactions from the attendees. IOT&Payment Business Unit CMO Mr. Mahaveer Shah introduced the new F20 mobile terminals, all-in-one financial devices, which also perform fingerprint reading in addition to contributing to the growth of mobile wallets and NFC and QR technologies to the payments market. Just was featured in the latest NILSON report, this intelligent infrastructure is supported by Android 10 operating system, has high voltage battery and Qualcomm quad-core processor, etc.

With strong R&D capability, what FEITIAN aims to provide is a complete ecosystem composed of POS+Management+Cashier App, which meets the demands of different application scenarios. Mahaveer also introduced SmartPay, an Android payment APP with EMV level 3compliance and the STROM, the smart terminal remote operation manager that can manage terminals of different systems, including Android, MPOS and even traditional POS.

As the leader of global payment digitalization, in the discussion session, FEITIAN IOT & Payment Business Unit CMO Mr. Mahaveer Shah exchanges opinions about the future trend of the Latin American market with local leaders in the industry. Mahaveer Shah with more than 20 year’ industry experience, shares the growth of digital payments and the Indian national QR scheme and points out that QR code is going to play a more and more important role in the post-pandemic era. Alejandro Fosk General Manager of Comscore Latin America, a global leader in measuring the digital world, adds that digitalization payment is an important part of digitalized life and the pandemic just boosts the speed of it. In the next 3 to 5 years, digital payments will continue its fast growth.

AFEITIAN as a global player and expert in emerging markets, brings the all-in-one technology and infrastructure needed to build a solid business superstructure which empowers enterprises to be ready for the next level in market demands. In the future, FEITIAN will continue empowering our global customers with high standard products and solutions.

About FEITIAN

As a listed company in China, FEITIAN has been devoting into providing secure financial solutions for worldwide customers for 22 years and in more than 100 countries. FEITIAN aims to build security for customers and has world-leading technology and experience in secure hardware designing and software development. The continuous high investment in R&D and the deep understanding of customer needs over the past 20 years have enabled FEITIAN to continuously develop diversified types of innovative products with international patent rights and certifications. FEITIAN follows the latest technology trends, like Android 10 OS, high voltage battery and Qualcomm quad-core processor etc., and combines with our world-leading R&D capabilities to offer the best cost-effective, secure, flexible payment terminals and solutions. To meet the demands of different application scenarios, FEITIAN provides a full series payment terminals from financial smart POS to QR code scanning box to NFC card reader etc.