Blockchain vs. PayPal: Understanding the Difference and Evolution

| January 22, 2019

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In today’s world, everyone wants everything in a hurry. The faster, the better. In the world of digital payments, a major competition is underway between the blockchain and PayPal. The blockchain is the relative newcomer, while PayPal has been around for about two decades. Here’s a look at some of the pros and cons of both money transfer systems to help you decide the long-term winner in the blockchain vs. PayPal debate.

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ABBANK

An Binh Bank (ABBANK) is one of the leading commercial joint-stock banks and among top ten largest commercial banks in terms of charter capital in Vietnam. After 15 years of development since its establishment in 1993, ABBANK has made major breakthrough over the last 3 years, particularly through its cooperation with giant domestic and foreign corporates as follows: - Electricity of Vietnam (EVN) – ABBANK’s strategic shareholder, owning 27% of ABBANK’s charter capital.

OTHER ARTICLES

Fintech Customer Acquisition - Beyond Early Adopters

Article | February 24, 2020

This blog attempts to answer the following key questions at a high level: What could financial technology companies (fintechs) do to enable greater consumer or SME (customer) adoption of their products and services beyond early adopters? What could fintechs do to pull under-served and well-served customers away from incumbent banks and established providers?

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9 Best Fintech Apps to Use While at Home During the Coronavirus Lockdown

Article | March 31, 2020

With the threat of the global coronavirus pandemic upon us – knowing which ones are the best Fintech apps to use may get a little confusing for the average consumer. It is no doubt that the entire world has been impacted negatively by the coronavirus (COVID19) lockdown. Regardless of what industry you are in it has been impacted. The limited mobility of goods, services and travel is causing a strain on businesses and personal finance. Your ability to do physical banking, pay bills and basic financial transactions have no doubt changed. The negative financial effects of the coronavirus may change the way we interact with money for years to come. Digital currency and transactions are on the horizon.

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How Data Aggregators Are Using Blockchain To Empower Fintech Players

Article | March 1, 2020

People know their banks and their favorite fintech applications. However, consumers are generally not aware of data aggregators like Plaid and Finicity, which collect consumer data from banks, crunch it and feed it to fintech applications. Blockchain technology can play a key role in helping data aggregators manage consumer financial data while complying with regulations and empowering consumers.

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How Fintechs Expanding in Latin America Can Build Trust with SMEs

Article | February 10, 2020

Small businesses in emerging economies are notoriously underfinanced. Despite making up over 99.5% of the economy in Latin America, SMEs face a financing gap in the trillions of dollars. For example, up to 78% of small businesses in Argentina and 45% in Peru struggle to grow because of financial constraints. Numerous articles and institutional white papers point to the lack of trust between banks and SMEs as a major cause of this financing gap. Banks simply do not know how to accurately calculate small business risk, especially in volatile economies in Latin America, so they offer high interest rates or pass on providing credit altogether.

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Spotlight

ABBANK

An Binh Bank (ABBANK) is one of the leading commercial joint-stock banks and among top ten largest commercial banks in terms of charter capital in Vietnam. After 15 years of development since its establishment in 1993, ABBANK has made major breakthrough over the last 3 years, particularly through its cooperation with giant domestic and foreign corporates as follows: - Electricity of Vietnam (EVN) – ABBANK’s strategic shareholder, owning 27% of ABBANK’s charter capital.

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