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How QR Code Payments Can Improve Financial Inclusion

03.02.2022, 13:18

Recently, the European Payments Council published a report highlighting the need to standardize QR code payments. They can be used to buy goods/services, pay bills, send money to friends, and even for charitable purposes.


Not so long ago, QR codes were used primarily as quick access points to information, websites, or personal verification in Europe and North America. However, with the beginning of the global lockdown in 2020, they have become a trendy way to pay for takeaways and other food services securely. QR code payment is becoming increasingly common in cafes, bars, restaurants, and other establishments. They are also very actively used in Asia in many spheres.


Now there are many solutions in the field of QR payments, but they operate only within specific markets of certain countries. This leads to the fragmentation of the European mobile payment space.


Some start-ups have already responded to the Council's statement with promises to take their solutions to the global level. Moreover, this opens up significant opportunities for increasing the audience. Firstly, QR payments can be used by people who cannot access banking services for various reasons. For example, migrants or refugees. In addition, QR codes can become very convenient tools for small and medium businesses.

What awaits the EUR and USD in 2022 and the near future

25.04.2022, 16:46

The Wallet Investor portal expects the fall of the EUR and the USD shortly. According to the forecast, they may end the year at an average of $1.042. In 2023, both currencies will drop a little more and will trade at $1.023 by the end of next year.


As for the longer term, in 2025, the EUR and the USD should trade below the parity level of 0.984 by December of that year. However, it is difficult to predict how long the effect of the energy crisis in Europe and the consequences of global inflation and the economic slowdown will last.


Analysts and prediction platforms can always be wrong. It is best to do your own analysis of the latest trends and news. Also, study the opinions of at least a few experts in the field.


What aaits the EUR and USD in 2022 and the near future


Different trading strategies are suitable for different investment purposes. Currency pairs can be very volatile in short to medium term. Now is the best time not to invest money you cannot afford to lose. However, this advice is always relevant.

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Max Express LLC

Providing low-cost, convenient and fast money transfer services to foreign and local customers.

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About Us

Max Express LLC began operating in the Georgian market in 2018

Goal

Our goal is to guarantee our clients unique conditions and the best service based on the principles of trust and transparency.

Mission

The mission of Max Express LLC is to provide low-cost, convenient and fast money transfer services to foreign and local customers.

License

Our goal is to guarantee our clients unique conditions and the best service based on the principles of trust and transparency.

Payments

The global online payment market is growing every year

$3.4 billion

Processed payments for 2020

20%

Growth in processed payments compared to 2020

$3 trillion

Conducted transactions for more than $3 trillion

24%

The amount of processed payments increased by 24%

Documentation

  • Extract from the register of business and non-business (non-commercial) legal entities

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  • The company is licensed by the National Bank of Georgia as a payment service provider.

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  • Statute

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  • Data Protection Guidelines

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  • Agreement on Payment Services

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Our news

03.02.2022, 13:18

How QR Code Payments Can Improve Financial Inclusion

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25.04.2022, 16:46

What awaits the EUR and USD in 2022 and the near future

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Payment AGENT

Colombanier Analytics SE

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Identification number 022 09 357
Phone +420608160758
Email maxexpressgeo@gmail.com

Payment details

USD

  • BENEFICIARY BANK

    Bank of Georgia (Georgia)

  • SWIFT - Bank of Georgia (Georgia)

    BAGAGE22CORRESPONDENT

  • SWIFT - BANKCITIBANK N.A.

    CITIUS33BENEFICIARY

  • NAME

    MAX EXPRESS LLC

  • MAX EXPRESS LLC

    GE22BG0000000100814454

EUR

  • BENEFICIARY BANK

    Bank of Georgia (Georgia)

  • SWIFT - Bank of Georgia (Georgia)

    BAGAGE22CORRESPONDENT

  • SWIFT - BANKCITIBANK N.A.

    CITIUS33BENEFICIARY

  • NAME

    MAX EXPRESS LLC

  • MAX EXPRESS LLC

    GE22BG0000000100814454

GEL

  • BENEFICIARY BANK

    Bank of Georgia (Georgia)

  • SWIFT - Bank of Georgia (Georgia)

    BAGAGE22CORRESPONDENT

  • SWIFT - BANKCITIBANK N.A.

    CITIUS33BENEFICIARY

  • NAME

    MAX EXPRESS LLC

  • MAX EXPRESS LLC

    GE22BG0000000100814454