Poland is a country that can confidently be described as one of the innovation leaders in Central and Eastern Europe. This is possible thanks to the thriving fintech industry, which now numbers several hundred entities that provide support for business. So what is fintech? What benefits does it offer to business? We answer.
What is fintech?
In order to explain what a company referred to as fintech is, it is necessary to first provide a definition of the word. This is because it is a term that was created by combining the first syllables of the phrase financial technology, which refers to financial technology. Thus, a fintech will be a company whose activities revolve around the development of digital solutions related to the circulation of money. What is important in this case, however, is that the term fintech does not refer to banks. This is due to the fact that a fintech is a company that operates online and does not have physical branches responsible for serving customers.
As mentioned in the introduction, the Polish fintech industry is currently made up of several hundred entities (about 300). What is important in this case is that many of them were established in the last few years, which confirms the dynamic development of the industry. A characteristic feature of Polish fintechs is their diversity, as one can find among them both companies offering services to individual customers, as well as companies specializing in creating solutions for business or financial institutions.
Payholding International as a fintech since 2013.
Among Polish fintechs, the most noteworthy is Payholding International, which has been on the market since 2013. Indeed, the company is the first fintech company in Poland to create two exchange bureaus that enable online currency exchange. As a result, it caters to the needs of both individual and business customers who can use the service:
Xkantor.com, an online exchange office dedicated to business customers.
Amronet.pl, which combines an innovative online exchange office and a social currency exchange service.
What’s behind Payholding International’s success? First and foremost, innovation, as the company uses the latest technology available to enable secure, fast and global currency exchange transactions. This has helped change the foreign exchange market in Poland, as the platforms created cater to a wide range of customers. As a result, not only individual users, but also businesses benefit. The high quality and reliability of the company is confirmed by the awarding of a number of awards and certificates, examples of which include: Consumer Laurel “Discovery of the Year”, Expert Laurel, or the Certificate of Reliable Company and Financially Reliable Company.
Benefits of Payholding International’s services for business.
Payholding International’s services, as already mentioned, are beneficial not only for individual customers, but also for businesses. This is because the company makes it possible to integrate the client’s systems with Payholding International API, which allows to open up new opportunities in business. This is because the integration of services makes it possible to implement solutions that were not previously available, and thus to offer even higher quality to end customers and gain a competitive advantage. Among the benefits, the security of currency exchange should certainly also be mentioned, as the services offered by fintech use security features equivalent to those dedicated to online banking. Indeed, the security of transactions is as important as the attractiveness of the exchange rates offered by the exchange offices created by Payholding International. Thanks to the use of modern technologies and the right approach to currency exchange, they are really favorable, which is especially important for business.
The bottom line is that fintechs are companies that create solutions to support and develop business. An example of this is Payholding International, which offers online currency exchange on really attractive terms and using state-of-the-art technology.