Whenever we make a payment to buy something, there are hundreds of companies working behind the scenes to make sure it all goes smoothly.
Payment processing firms ensure that however we choose to pay, it is made as seamless and painless as possible. On the flip side, they also ensure that merchants are paid promptly and quickly.
WHAT INSPIRED YOU TO SET UP CURLEC?
I was previously based in the UK. At that particular time, there was a lot of growth around fintech. Every time I came home for holidays or whatever, I saw a lot of opportunity for growth. One of the pain points we saw in the beginning was particularly around payment solutions.
And that was having the ability to collect recurring payment at low cost. Direct debit is not new, but it has always been a paper-based process. It’s extremely manual, cumbersome, time consuming, and quite frankly, you know, the banks would only ever serve large corporates.
Denne historien er fra Issue 19, 2021-utgaven av SME Magazine Singapore.
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Denne historien er fra Issue 19, 2021-utgaven av SME Magazine Singapore.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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