SEPA Transfers
Business services
Fintech innovations in iGaming: transforming the gaming experience
Fintech (financial technology) and iGaming industries benefit from each other as their cooperation grows. For one, fintech solutions are revolutionizing how players engage with online platforms by providing a wide spectrum of services. For instance, instant payments and blockchain security. On the other hand, the gamification of services has become more common within financial businesses. In today’s article, we will explore the synergy between the gaming industry and fintech and find out which direction it goes. The integration of financial technology in iGaming The global iGaming market is projected to reach $133 billion by 2029, partly driven by financial innovations.
Business services
What is an ACH payment? A complete guide to Automated Clearing House transactions
ACH payments (Automated Clearing House payments) provide one of the most important ways of moving money between banks in the US. It is regarded as a highly efficient and secure method of making transfers from one bank account to another, making the ACH transfer process extremely popular in different industries. What are Automated Clearing House (ACH) payments? ACH payments are electronic transfers between financial institutions in the US, involving transfers from one financial institution to another across the ACH network. ACH transfers are typically used for transactions, including bill payments, paychecks, and recurring monthly debits. Social security payments and tax
Money and you
Choosing the best money transfer app for your financial needs
Want to access seamless and fast money transfers while holding a smartphone? In 2024, it is a common wish for many people who want to prioritize time and convenience. According to the latest research on the topic, 40% of mobile users in 35 countries around the world will start actively using mobile financial apps in the next 5 years. Thus, such a feature will certainly increase demand. Want to learn what the primary advantages the best international money transfer app should possess? Find out below! What is a money transfer app? A money transfer app is a digital tool that
Product news
Unlock the full potential of SEPA Instant transfers with Genome!
In today’s fast-paced world, speed and efficiency are more important than ever, especially when it comes to financial transactions. Our team at Genome knows that all too well, and we are happy to share the news about our transfer feature! Genome’s game-changing SEPA Instant Transfers are now available for outgoing payments as well! Now, you can send and receive transfers in euros within seconds. Such a transfer option is perfect for the momentary, cost-effective day-to-day financial operations and business transactions within the Eurozone. Note that the payer’s/beneficiary’s financial institution needs to have the SEPA Instant scheme integrated so they can
Product news
Even more currencies for international business transfers!
This year, Genome unveiled an international money transfer feature for its business wallet users. It allows receiving and sending business payments to over 40 countries, benefiting from Genome’s easy-to-use interface. With these, companies can significantly expand their global footprint and take advantage of new growth opportunities in various markets. Our team is happy to announce that we are ready to expand this feature. We are adding extra currency options for business wallets to send and receive SWIFT transfers. These currencies are Polish zloty (PLN), Swiss franc (CHF), Japanese yen (JPY), and Canadian dollar (CAD). It means that you can now
Business services
How to send money transfers internationally: a guide for companies
No bank account is complete without the ability to send and receive funds. It especially concerns companies, as their production cycles and customer relations depend on this financial feature. And, for many businesses, there’s a need for international business payments. In this article, Genome’s team will explain how companies can make international payments and which transfer options are used for this. What are international business payments? International payment is a type of payment that occurs between two entities that are located in two different countries. Even if countries are situated right next to each other, for instance, Germany and Netherlands,
Money and you
Wire transfer vs bank transfer: understanding the differences
The article was updated on 12.12.2024 To common users of banking services, money transfers are money transfers. As in, you don’t consider them complex – they are just tools for receiving and sending money. But then, you face many terms like bank transfers, wire transfers, electronic payments, online transfers, etc. And you start to wonder – “Is there a difference between all of these?” and “What should I use?”. Well, let’s figure it out together! In this article, Genome will primarily focus on bank transfers and wire transfers and how they differ when it comes to sending money. What is
Business services
Direct debit payments: what are they and how to use them?
Financial institutions come up with many solutions to allow customers to navigate the banking sphere more accessible and straightforwardly. Direct debit payments are one such tool. In this article, Genome will explain what direct debit transactions are and the benefit of direct debit. Direct debit: meaning of the term A direct debit transaction is a payment method used for collecting payments. Using direct debit, the account owner authorizes the third-party (different kinds of businesses and merchants) to pull funds from the said account to pay for the company’s products or services. The clients must notify their financial institution that they
Money and you
Understanding modern cross-border payments
The article was updated on 10.12.2024 There are so many kinds of money transfer options worldwide that not even financial experts can name all of them on the spot. However, in many cases, various payment types are grouped by common purposes or other metrics. It is where cross-border payments come into place, as a number of payment and transfer options can be classified as such. In this article, Genome explains what a cross-border payment method is and provides cross-border transaction examples so you can select the option that suits you the most. We also explore the advancements and improvements in