Webelight Blog

  During the first wave of the pandemic, over  80 million  adults in India made their first digital merchant payment. It’s because most of them were concerned about the hygiene of currency notes since they get exchanged very frequently. Such widespread events have changed their mindset about making payments, and they are slowly shifting toward adopting digital currency payment technology for processing cashless transactions. Paying close attention to consumer psychology and the evolution of blockchain and cryptocurrency in financial services, central banks from all over the world have adapted to the wave of digital currencies. In this blog, we will go through the global strategies and impact of CBDC on the financial ecosystem and why this currency needs to be issued worldwide!   What is a CBDC? You are probably wondering, what exactly is a CBDC? Well, CBDC stands for Central Bank Digital Currency and is a digital form of money issued by central banks that has a fixed...

  It’s a golden period for the fintech industry since the fintech software market is on the rise with a prediction to increase by USD  22.66  billion between 2023-2028, with the focus being on phenomenal sustainable growth. Most fintech software development companies do not want to miss out on the boom where everyone else is looking to change the way their consumers access, handle, conduct, and keep track of their finances through advanced technology. But most of them are pondering around the same question. How much do I have to pay for developing Fintech software, and how long is it going to take? Is your mind buzzing around the same question? Well, it can depend on several factors. Estimating the costs at the planning phase could save you from uninvited troubles. This blog is a roadmap for you to understand how much it can cost to develop fintech software, the hurdles you may face during development, and how you overcome those challenges.    Source:  www....