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Amazon is the most popular and largest online store. So if you are selling products on Amazon, you need to know what the best selling products are. The Amazon Best Sellers Rank (BSR) is a measurement of the popularity of a product on Amazon. The Amazon BSR Chart allows you to easily see what the highest selling products on Amazon are and which products have the most demand. Amazon Best seller rank is a metric measuring the popularity of a product on Amazon. This is a great way to find out what your competition is selling and what the most popular products on Amazon are. There are many options for amazon ranking system.

What is Amazon BSR Rank?

Amazon BSR Rank is a metric Amazon uses to determine the popularity of a product. If a product has a high Amazon BSR Rank, this means that a lot of people are buying that product. The higher the Amazon BSR Rank, the more popular the product is. However, this metric is not the only metric Amazon uses to determine the popularity of a product. Amazon also uses the number of reviews and the number of sales. If a product has a high number of reviews and a lot of sales, this means that the product is popular.

How to use the Amazon BSR chart?

The Amazon BSR chart is a tool that can be used to determine the popularity of a product on Amazon. It is a great way to see what other people are buying and what your competition is. This can help you determine what products you should focus on to sell successfully. To use the Amazon BSR chart, simply type in the ASIN of the product you are selling.

The ASIN is the Amazon Standard Identification Number, which is the unique identifier for a product on Amazon. Once you type in the ASIN, the Amazon BSR chart will display the popularity of that product. You can also see how much the product costs, how many reviews it has, how many sales the product has, and how long it has been selling on Amazon.

Conclusion

The best way to sell your Amazon products on AmzScout is to create Amazon listings for them. This will help you to get the best possible prices and will also help your products rank in Amazon.com. You should also make sure that your listings have a good description and a high-quality image. When you are creating Amazon listings, you should also make sure that you are using the keywords that you want to rank for. This will help the Amazon search engine to find your listings more easily. Furthermore, you should also optimize your listings to be as specific as possible. This will help the Amazon search engine find your listings more easily. You should also make sure that you are using the Amazon search engine to find your listings. This will help your listings rank in Amazon.com.

Palletizers are material handling devices used to load and unload pallets during storage, shipment, and other times.

Pallet loads are a convenient way to combine numerous smaller units into one bigger, more manageable item that is widely used for mass shipping and distribution.

Top Industries Inc. is one of the well-known companies that designs and manufactures various equipment meant for material handling companies can also offer a customized pallet inverter for any customer based on their operational requirements.

Palletizer advantages

Automation has been implemented into practically every stage of manufacturing due to the growing need to reduce cost and processing time.

There are numerous machines that have automated and function with little assistance from operators, whether they are used for feeding, washing, assembling, or packing.

Palletizers are devices that automate the packing process, which involves picking, transporting, orienting, counting, and stacking. This speeds up and improves efficiency. Pallet stackers and load transfer stations are other names for palletizers.

Lifts and a platen were incorporated into the design of the palletizing machinery as key efforts to make the process simple. While platens assist in manually rotating the palletizing station to work at various angles, lifts make it simple for loaders to raise the station to conveyor belt height.

The table makes it easier to operate laterally and decreases bending action, which lowers the risk of repetitive motion injuries.

Palletizer disadvantages

Palletizers perform a variety of tasks, including as metering the incoming load, orienting the load, dispensing pallets, constructing layers, and many more, making them significantly more complex equipment.

Palletizers are classified as floor level in-feed and high level in-feed depending on the level at which feeding is carried out.

Conventional and robotic palletizers

The market is now flooded with palletizers, from basic conveyor-based models to very advanced robotic palletizers. However, each one of them comes with some drawbacks.

Hybrid palletizers, which combine the high rate of stacking of conventional systems with the flexibility of robotic designs, are therefore developed to address the drawbacks.

The concept successfully combines the best elements of the two and offers a method for palletizing several cargoes simultaneously.

Hybrid designs require less room than alternatives while being able to handle the completed goods from numerous production lines.

They allow customers the opportunity to upgrade even after installation because they are made to be equipped with extra palletizing machinery if necessary.

In general, there are three different types of hybrid palletizers:

·         Shuttle cars

Shuttle cars are used at a layer-forming section to transport pallets and they move with the help of a track- or chain-type conveyor.

·         Rotary tables

The operation of this hybrid palletizer is remarkably similar to that of a shuttle car. The sole distinction is that spinning tables are used in place of shuttles that move along chains or tracks.

·         Robotic arms

This kind of palletizer combines a single robotic arm operation with a shuttle design. Alongside shuttle cars, a robotic arm with three joints picks and stacks objects.

Top Industries Inc. has designed such palletizers for several companies. And you may follow on Linkedin to know more details.

After building a firm foundation in the market directly around the organization, the online market should be the next focus for development. Your firm must have a website and social media profiles if you want to communicate with internet users and turn them into customers. Maintaining a website, on the other hand, may be tough, especially if you are inexperienced with the different SEO methods.

It is vital to design a budget strategy that will allow you to work with a professional Boise SEO marketing business that can meet all of your SEO needs. It’s tough if you don’t know what qualifications to look for in a candidate. Consider these factors while deciding on the best SEO agency for your campaign.

Why Would You Require the Services of an SEO Company?

You may be wondering why you need to start with an SEO firm. Is there really such a focus on SEO?

Because SEO raises the exposure of your website, more people will visit it. This enables you to turn some of your website visitors into paying customers. Furthermore, it may help in the promotion of your company, the development of client relationships, and the enhancement of your authority as an expert in your sector. Search engine optimization (SEO) looks to be a straightforward method when broken down into its essential pieces. However, because SEO is always changing, there is a lot to keep track of, which is especially difficult when combined with a business owner’s other responsibilities.

One type of ongoing marketing is search engine optimization (SEO). Despite the fact that certain one-time modifications require little ongoing upkeep, SEO should be seen as a continual undertaking. This item includes:

Original content of the highest quality is provided on a regular basis.

Maintaining a constant flow of modifications to previously published web pages in order to retain their validity in going to future pages while still linking to prior ones.

Information dissemination in many forms

Make Sure Your Goals Are Clear

When you use this strategy, you will be able to choose the SEO services that you require from the organization you have chosen. An inspection is conducted first to determine the nature of the problem, and any SEO agency may undertake this review. If you understand your company’s goals and needs, selecting the most effective SEO tactics will be a snap, and you won’t have to worry about picking the wrong SEO service or technique.

Conduct a Portfolio Audit

Now that you know what you’re looking for in the search engine optimization industry, it’s time to investigate the SEO firm’s prior work (SEO). These companies will also be able to give you prior customers’ names and contact information. This will allow you to examine the strategies utilized by these clients and determine whether or not there were any benefits or advantages as a direct result of their utilization. You may expect their listings to rank well in local search engine results if you trust in what they have to offer (SERPs). It is in your best interests to select organizations that have the ability to assist you in achieving your objectives and have previous expertise dealing with SEO needs comparable to yours. This is a fantastic thing to think about.

Please Take Both Their Suggestions And Opinions Into Account

Businesses are becoming increasingly worried about their internet reputations since they cannot afford to lose this marketing edge. Seek recommendations from other local firms that are already familiar with the best SEO providers in the region. You will be able to collaborate with, review, and vet each firm after you have created a shortlist based on the quality of their services, portfolios, and prior client testimonies. You made a list. You may use the internet to obtain a list of the best local firms to work with, from which you can select one.

Communication and Physical Contact Are Essential

The majority of the information on your website is clear and useful to you. If you hire an SEO company to handle your SEO, you won’t have much time to evaluate the numerous insights that your visitors may bring. A reputable SEO business such as Market Smiths will always be forthright in expressing what you genuinely need to know about SEO and what they feel you should know.

Consider Both The Services That Are Needed Now and Those That May Be Needed in the Future

Whether your company is already well-known in its industry or has only recently begun operations, you appreciate the value of hiring a business partner that has extensive knowledge in that field. This might imply that they have more expertise and experience in your industry. They are familiar with the particulars of your niche market, the terminology used to describe your goods and services, and the demographics of the individuals you aim to attract. The consequences of this should not be underestimated.

Find a partner that can assist you in understanding certain services and how they may help you achieve your core business goals. Some tactics that could be included in a comprehensive SEO strategy are as follows:

  • Content Management Writing Research and Writing Keywords Building Text Links Search Engine Optimization (SEO) Technical Advancement
  • Both on-page and off-page SEO are important.

Suppose you are new to SEO. In such a scenario, seek a company that is knowledgeable about your sector. Make sure they have worked with businesses in your specific field and provide SEO services that can help you reach your goals, such as positioning your website at the top of search engine results. Investigate the “why” of these events further. Why do they bother formally pitching their services to your company?

Utilize Your Financial Resources to the Fullest

If you use SEO packages tailored for small enterprises, you may get the services you need from a provider. It is critical to investigate available features and goods before selecting a plan. Consider the company’s approach to on-page search engine optimization. Some examples are provided in the list below:

A website that is easy to use and introduces new content to visitors on each visit. Provide a link to the contact page on the landing page to maximize the value of each lead produced. This may be accomplished by going from the landing page to the contact page.

Summary

To develop confidence and a long-term partnership, your website and the SEO firm you employ must communicate clearly and consistently. If you are looking for a company that can handle all of your marketing and SEO needs, please visit www.bearfoxmarketing.com as soon as possible. We like getting into the nitty gritty of challenging marketing efforts, and we are ready to aid you with your own if you require it!

When it comes to dropshipping, you can do a few key things to ensure success. First and foremost, it’s crucial to find a niche market that you can tap into. Once you’ve found your niche, it’s crucial to build a relationship with your supplier. This way, you can ensure that you’re getting the best possible products at the best possible prices.

Dropshipping is a business model in which ecommerce entrepreneurs sell products without having to carry any inventory. When a store owner receives an order from a customer, they contact the supplier, who will then ship the products directly to the customer’s door. Dropshipping is a great way to start an online business with little up-front investment, but it’s essential to understand the ins and outs.

You also need to understand dropshipping price points. It’s crucial to find a happy medium between what your customers are willing to pay and your margins for you to make a profit. Last but not least, you need to focus on marketing. Dropshipping is a competitive industry, so getting your products in front of as many people as possible is essential.

Here are a few dropshipping tips that will help you drive sales growth:

  1. Find a niche market

The first step to successful dropshipping is finding a niche market. When you’re trying to sell to everyone, it’s challenging to stand out from the competition. But when you focus on a specific niche, you can become the go-to expert for that market.

  1. Build a relationship with your supplier

If you want to succeed in dropshipping, it’s crucial to build a good relationship with your supplier. A good supplier will be able to provide you with high-quality products at a reasonable price. They should also be able to keep you updated on new products and trends in your niche.

  1. Find the right price point

One of the essential aspects of dropshipping is pricing your products correctly. If you charge too much, you’ll miss out on sales. But if you charge too little, you won’t make a profit. It’s crucial to find a happy medium between the two.

  1. Focus on marketing

In order for your dropshipping business to be successful, you need to focus on marketing. There are some ways to market your products, such as social media, search engine optimization, and paid advertising.

  1. Offer excellent customer service

Another vital aspect of dropshipping is customer service. Since you’re not carrying any inventory, it’s essential to offer excellent customer service. This way, your customers will be happy and more likely to purchase from you again in the future.

  1. Stay up to date on trends

It’s essential to stay up to date on trends in your niche. This way, you can be sure that you’re offering the latest and most excellent products. You can also use trends to come up with new marketing ideas.

  1. Always be testing

The only way to know what works and what doesn’t is to be tested constantly. Try different marketing techniques and see what generates the most sales. Also, test different products to see which ones are the most popular with your customers.

If you follow these dropshipping tips, you’ll be on your way to driving sales growth for your business.

When you are searching to buy car insurance, you must be aware of the choices available in the market. You must have a basic understanding of the plans provided by the various insurance provider. To know your insurance needs. One of the most necessary steps to make is to compare car insurance companies.

What are the Benefits of Comparing Insurance?

  • Once you compare car insurance between providers, you can find the one with the best pricing for the provided coverage. If you buy the cheapest plan and avoid this step, you may pay less on the annual premium. Yet, you need to pay a great amount as a voluntary deductible. At the time of an accident claim, you have to be aware of the policy coverage. Before you decide to agree to the provided terms and conditions.
  • The complete process only takes a few minutes and can be finished at no extra cost.
  • You also have a better understanding of the coverage of various plans in the market.

Tips to assess the car insurance plan you’re considering:

With the advent of the internet, a lot of things are easily done such as online shopping. People are now using the internet to buy everything from electric goods to groceries. Insurance companies also join the trend, providing enticing online products. That is easy to maintain and effective as well.

  • Understand your insurance needs
  • Your insurance needs will differ from one another person. So the best thing to do in your journey of getting the most appropriate plan is to check your insurance needs. Think about your dependents, existing financial abilities, and your current savings. With these factors, you’ll understand the scope of coverage you will need.
  • Check the cost of the policy
  • If a policy has an affordable price, it doesn’t mean that it is a great deal out there. To know if it is cost-effective, you must check the coverage under the policy.
  • Read about the customer service
  • You must have a clear comprehension of the customer service facilities. Provided by the insurance company before registering the dotted line.
  • Check the ease of purchase
  • The ease with which you can buy the plan is a very essential factor that you must pay attention to. An extra benefit is to compare it against various plans, to learn more about the plan. Also, making online payments is a great help. It is advisable to choose the insurance company that can enhance the coverage under the base policy.
  • Bw aware of the types of coverages
  • There is enough financial literature online that educates you on the various types of insurance plans. The comprehensive plan and Third-party liability plan.

Car insurance means to protect you financially and your loved ones at the time of misfortune.

When your car has been in a car accident, it is essential to get legal help promptly.

Lawyers understand what needs to happen and can advise on taking care of yourself and other people involved in an accident. You can always use the internet to search “Car Accident Lawyer Near Me,” and you can find someone who will help you navigate the process of an accident claim, which involves dealing with insurance companies and law enforcement professionals. 

Given below are some situations when should you hire a car accident lawyer:

In the case of serious injuries

 

If you are in the hospital, injured with broken bones, or something more serious, you must act quickly. You will need to decide whether or not you want to file a claim and then get a lawyer for yourself who will represent you. If someone else will be liable for your injuries, you will have a much better chance of getting a settlement if you have a lawyer working for you rather than going it alone.

 

In the case of someone else’s negligence

 

If the accident was caused by another party who did something wrong, such as speeding or being intoxicated while driving, then you can seek compensation from this party’s insurance company. To do this, you’ll need a lawyer. This is because the company can contest your claim, and they may try to block you from getting an attorney. If they do, the case will be delayed or constantly go back and forth in court.

 

In case your insurance company is paying you a minimal amount

 

In some cases, insurance companies will try to get away with paying people the minimum amount they can get away with. This is because they will try to put a price on settling a claim. It is essential to hire a lawyer who will negotiate for you to get the best possible settlement in these situations.

 

In case the other party was injured as well

 

In an accident, the probability is that the other party may have become injured due to it too. In these cases, their insurance company will want to negotiate another settlement with you rather than pursuing you for the total amount they have to pay. They will most likely be willing to settle for a smaller amount if they know that they will not have to spend a lot of money if you take them to court.

 

Accidents can be complicated; hiring an attorney to figure out how to proceed can save you a lot of time and effort.

Pro traders are capable of handling the difficult situation as they are familiar with the market condition. But, they have not reach this position instantly. Professionals have invested their time and effort in Forex market and take the proper preparation. In Forex market, without having the practical and theoretical knowledge, it is not possible to do better. Experts have some traits which help them to become profitable. Let’s know about these.

Organize your trading plan

Professionals use the fruitful plan so that they can walk on the right path. Various types of components influence the market, but experts always stick to the strategy. When the investor will follow the plan properly, it will be possible to tackle the difficult conditions. They do not start trading without making the strategy. Professional invest proper time in the process of making a roadmap. They do the proper research on the market and analyze every condition properly. When the investor will work hard, it will be possible to develop a well-balanced blue print for trading. Newcomers are required to generate this blue print and try to stick to this which will help to get success.

Enhance your technical skills

Experts are skilled enough to manage the risk. They do not face problem to set the stop-loss and take profit in the right situation. They know how to maintain the risk-reward ratio. A good investor does not take the unnecessary risk without contemplating the situation. When the person will develop technical skills, it will be possible to identify the current circumstances of the market. Pro traders are capable of plying the indicators in the specific situation. The expert can manage the money by using smart analysis. Moreover, he always focuses on increasing the savings than the expenditure. He does not invest money in the wrong asset. Trade with the demo account from Rakuten Securities Australia and see how you perform in different instrument. This should give you the opportunity to select your favorite trading asset.

Professionals are aware of the co-related currency pair and they do not take the action without thinking properly. On the other hand, fresher does not practice properly and fails to improve their skills. In the trading field, this is necessary to become prepared so that they can tackle the tough situation. If you can overcome the difficult situation, it will be possible to get a better result in Forex market. Try to practice through the demo account so that they can be able to do better.

Create a classic trading journal

Good traders are aware of their strengths and weakness. They know about their mistakes and do not repeat this. To identify the errors, a professional keeps the trading journal which helps him to find out the reasons behind the failure. He also modifies the plan by reviewing the journal. Newcomers should develop a good trading journal to become conscious of their past activities. If you cannot find out the reasons, it will not be possible to avoid the mistakes in Forex market. So, review the journal properly and fix the common faults by using practice account.

Work on your sentimental issues

Sentimental issues create complications for the trader. For these, investors cannot be able to make the proper decision and fail to get the expected outcomes. Professionals do physical exercise which helps them to become strong. On the other hand, they also do meditation for refreshing the mind. Newcomers fail to control the emotions and make the wrong decision. This is necessary to keep the mind stable so that people can be able to achieve the goal.

People should not think that it will be possible to make money easily. Here, the investors are required to work hard and try to develop the necessary abilities which will help to do shine in Forex market. Lazy and restless people will not be able to stay here.

Sports are an industry that has been realized with the potential that is measured with the cryptocurrencies. However, this is there with the blockchain technologies can bring to the future with the further monetize fan with proper engagement. You must also know about the IPS law that attracts the sponsors with engaging the global market with the unimaginable in the decades ago.

Moreover, the passionate fans with the citizen and digital technology can easily consume the sports that are related with the innovating and survive of the new digital age with the technology. The content beyond with having actual duration of the match is there with the teams and clubs with sporting with the bodies. It is the way that they are innovating with survive in the new digital age and meet with the fan expectations.

With the limitations can have the pandemic, the sports industry then it has responded and devised with the new strategy. This is way that the people ensure the clubs and fans with the connection of the social distanced. And the industry has recognized with the perfect block chain with the capable of revolutionizing with the revenue streams. The fan experiences through increased with crypto-sponsorships which are provided in the market.

Misuse of confidential information

With the IPS law, you are going to have all the information about the usage and misuse of the confidential information. This is the way that the court appeals the disagreed way to have proper reasoning. It is the distinct and has a particular way of introduction with the easiest way to enhance the level of information.

Moreover, when you are dealing with the perfect information related to the sports law news you must know have news. However, it is the reason that many of the IPS law you must know which can influences the customers. This is the way you must know that you must know related to the sports that is been played with the law influenced. And this is the reason that players and even the IPS law work with the sports.

In the event, every company looks forward to being a software company in the present digital economy, rest assured that every company would require becoming a process automation software company. It implies that achieving digital transformation at an enterprise scale; the team leaders would need to redesign the business processes before looking forward to automating them. If you wonder, why consider driving digital transformation on ineffective and inefficient processes that would fail drastically. Moreover, it would also expose operational challenges that have been relatively difficult to rectify after the bots have been in place.

Understanding business re-engineering process

The Business Re-Engineering Process would assist organizations to re-imagine their present processes and redesign them into achieving astonishing results. The idea was introduced to bring attention to business owners that before you could improve the quality of customer service along with reducing the costs, consider reassessing your processes and redesigning them to fit the latest goals of the business.

The business re-engineering program would bring together all the tools, expertise, business systems, materials, and processes needed to make a positive change to your life and your business. You should log on to theaspireinstitute.com for making the most of the proven combination of training, coaching, mentoring, tools, analysis, and programs. They have helped numerous small businesses finding the desired success they have been chasing for years. The program would work for you in the best possible way suitable to meet your specific needs.

Why do you need business re-engineering programs?

Business Re-Engineering Process enables companies to redesign their processes by enabling cross-functional teams to work together for determining areas of improvement and ways to optimizing them for maximum value. It would also enable companies to make better decisions through better data dissemination that ensures the organization would make sound improvements to their customer service. If done correctly, organizations would deploy optimized bots at a significantly quicker rate. It would also reduce costs by getting rid of unproductive activities and do not bring value. If done correctly, the organizations would be able to deploy optimized bots at a considerably quicker rate. It would also reduce the costs by getting rid of unproductive activities that do not bring value.

Head of the department for the development of services and the payment system of the LeoGaming fintech company Irina Tsybulnik talks about the development of the non-bank financial services market and explains the rapid growth of popularity of payment terminals and “mobile” money.

Can you tell us about the market of non-bank financial institutions? What are the key characteristics of its development in recent years?

The majority of people are aware of the fact that the influence of non-bank financial institutions (hereinafter referred to as NBFIs) in the financial market of Ukraine has grown significantly in recent years. It happened both as a result of the natural development of the market in the current legislative environment, as well as because of changes in the structure of the financial system itself.

A few years ago, small banks left the market. The reason was simple: they could not withstand the crisis in the domestic economy. At the same time, their place was not taken by financial companies. They simply cannot do this, since banks and NBFIs are different entities of the financial industry, although they have similar properties in many aspects. However, keeping in mind the fact that regulatory pressure on banks was increasing, financial companies were able to occupy those niches, where banks could not operate any longer. NBFIs became transactional organizations for payment systems that include banks. For example, the LEO international payment system works using the same way.

As a result, the market was distorted, which was solved by the Split Law (No. 79-IX) that came into force in July 2020. Supervision of financial companies was transferred to the NBU, thus allowing creating the unified “rules of the game” for the main financial services provided by all participants. We are talking about money transfers, credit services, and currency exchange operations. Financial companies often create strong fintech brands, while banks actively work with them. The financial company develops a technical solution, while the bank provides financial infrastructure. Thus, a holistic ecosystem has been actively created in Ukraine in recent years. It is worth noting that non-bank financial institutions have a very stable position within this ecosystem.

What are the key segments where non-bank financial institutions can compete with banks?

Banks are not able to offer a wide range of financial services. These functions are most often performed by the NBFI. First of all, we are talking about insurance. If the bank decided to provide insurance services, it has to cooperate with an NBFI, while the bank works as an insurance intermediary.

Secondly, we are talking about lending. In this case, banks and NBFIs play on the same field but having different audiences. NBFIs work with the segment of customers who need credit services but have no chance to get a loan from a bank due to higher requirements for the creditworthiness of the borrower. These are low-income individuals, who use the services of credit financial companies or pawnshops. The interest rate on the loan there is higher because of the riskiness of the operation.

Thirdly, we are talking about currency exchange operations. As you know, it is much easier for a financial company with a currency license to open a currency exchange office than for a bank to open a new branch. It turns out that NBFIs have a wider audience, sometimes introducing innovative cases. For example, our LeoGaming Pay financial company has launched the first office for currency exchange operations in Ukraine with a software payment transactions recorder.

How the new law on financial monitoring affected the financial market and the clients of financial companies?

Law No. 361-IX improves the financial monitoring procedure and brings it in line with the financial monitoring standards established by international and European authorities.

First of all, it is worth noting that the law expands and tightens the requirements for the identification of people making money transfers. For example, these days one cannot top-up any service for the amount of more than 4999.99 UAH by using a payment terminal. To pay more than 5,000 UAH, you must enter your identification data. Previously, such a requirement also existed, but it was applied for amounts over 15,000 UAH. However, there are several exceptions:

  • Payment of utilities, taxes, fines, and other budget payments (regardless of the amount)
  • Repayment of loans of less than 30,000 UAH.

At the same time, the amount of a financial transaction subject to financial monitoring has been increased from 150,000 UAH to 400,000 UAH.

The new law introduces a risk-based approach to the implementation of financial monitoring, which means a deeper check of suspicious customers and a simplified one for reliable ones.

The law also introduces the long-awaited possibility of remote verification of the client without any need for their physical presence. These days, the entire process of verification of the client’s identification data can be carried out, for example, using the BankID system by NBU, or a qualified electronic signature.

Besides, new approaches to the responsibility of the subjects of the preliminary financial intelligence are worth your attention. The number of fines has significantly increased. Also, the amount of the fines for specific types of violations are clear now.

How is the market of payment terminals developing in the context of the growing popularity of non-cash payments?

It is worth noting that the market continues to grow. Only this fact alone eliminates any negative connotation from the question. The terminal business is inventing new niches and options for working in the realities of the growing cashless economy. But at the same time, it is worth remembering that the main audience of customers of payment terminals (and these are millions of Ukrainians) did not suddenly stop paying in cash because they had a PayPass card to pay for groceries in a supermarket. I want to highlight another important thing. The coronavirus has not killed the will of people to pay in terminals. Even in 2020, we saw stable growth in turnover. A wide array of marketing tools stimulated this demand. In general, the situation is the following: when people stay at home, they play games. But they are used to top up their accounts in the terminal located in the nearest grocery store. They do not want to enter all the card credentials in the browser.

If we talk about development, there are several amazing projects here. For example, the iBox terminal network was the first to install NFC readers on terminals. By using this advanced system, the client does not need to enter 16 digits of the bank card to top it up. They can just approach the card to the reader. In addition, Sistema terminals allow using the DIYA verification app to make payments of more than 4999 UAH.

Can terminals compete with online payments? If yes, in which segments?

They do not have to, because they develop in the same direction. One of the most popular services in payment terminals is the ability to top your bank card up. In fact, the terminal has become a mediator allowing people to move from cash to non-cash economy.

A payment terminal is one of the many popular payment methods for goods and services. Local companies worked, work, and will work with terminals because the business needs to have direct access to the customers.

What is the role of mobile money in the Ukrainian reality? Is it really popular among the people? When do they use it?

This is a convenient non-bank payment alternative. The “mobile money” payment method is the evolution of payments using SMS commands, which has existed in Ukraine for almost 20 years. Now the mobile balance payment buttons appear in the payment forms of websites and apps along with the bank card payment options.

In general, the prevalence of mobile money depends on the category. For example, in the field of online games, the share of payments with mobile money ranges from 5 to 30%, depending on the service. Operators are investing resources in the development of their “payment buttons”, thus exploring new niches. For example, LeoGaming together with the three operators launched parking payment via SMS commands in Kharkiv. During the first days, the demand exceeded all our expectations.

What are the most prospective areas for mobile money? Can you give us examples where mobile money will be useful to the average consumer?

The main advantage is the simplicity and clarity of this tool for its target audience, i.e., people aged from 35 to 55 years. They use the same way of payment for many years in a row. In addition, they are also active users of terminals. The payment takes place immediately, while the person just needs to confirm it with an SMS code. In addition, there is a large segment of people in Ukraine who do not have a bank card. For them, paying with mobile money is a good solution to substitute bank cards.