Paycly: high risk merchant account and offshore business online payment solution provider. 

Since the dawn of the internet, the modern business landscape has changed drastically, with cashless or digital, aka online, payments starting to play a significant role in daily business transactions. After that, we all witnessed the rise of online payments, and now almost half of the payments for B2C e-commerce purchases come from a single channel named digital wallets. According to the FIS Global Payments Report 2023, in 2022, e-wallets were used for 49% of online purchases, credit cards for 20%, debit cards for 12%, and account-to-account transfers for 9%. In the last few years, online payments have seen their brightest phase, where almost the entire world has embraced them after seeing their advantages during the COVID pandemic. But in the aftermath of that, everything has gone through significant changes, and so have online payment services.

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In today's digital age, the age of information and data, the way we handle financial transactions has undergone a significant transformation. The advent of new technologies in digital payment services has revolutionized the way we pay for goods and services, making transactions faster, more convenient, and often more secure. The reason why we emphasize the word “secure” is because, in recent times, online payments have become more vulnerable to cyberattacks than ever. As a result, the online payments world had gone in search of "Masiah,” which it found in the form of payment gateways.