Author: Vellis Team

Money is evolving again. From coins and paper bills to online banking and mobile wallets, each transformation has changed how we trade, save, and interact economically. Today, one of the most significant shifts is on the horizon: central bank digital currency (CBDC).

Businesses now handle transactions across borders, currencies, and multiple payment providers. Managing all these systems efficiently can be a nightmare, especially without payment orchestration.

Banking is changing faster than ever. For decades, financial institutions operated on a traditional model: centralized, branch-based, and largely closed to outsiders. Today, however, the rise of open banking vs traditional banking is reshaping how people and businesses interact with money.

If you’re running a business, transaction fees are one of those hidden costs that can eat into your profits more than you realize. Every time a customer pays by card, a slice of that transaction goes to card networks, banks, and processors. For small and medium-sized enterprises, these costs add up quickly and can even…

If you’ve been following the digital finance space, chances are you’ve heard about open banking APIs. But what exactly are they, and why are they so important? 

Open banking security has become one of the most important topics in the transformation of the financial world. It allows banks, fintechs, and trusted third parties to share financial data through secure digital channels, giving customers more control and access to innovative financial services. 

Embedded finance is changing the way people and businesses interact with money. At its core, it means embedding financial services, such as payments, lending, insurance, or even investing, directly into non-financial platforms and apps. Instead of using a separate bank or financial provider, users can access these services instantly within the tools they already use,…

Running a small or medium-sized enterprise (SME) is no small feat. Between juggling cash flow, finding financing, and managing day-to-day operations, many entrepreneurs face an uphill battle when it comes to financial management. But with open banking for SME, small businesses have better access to data-driven financial tools that drive growth.

When customers decide how to pay, it’s rarely just a rational transaction. The psychology of paying for something plays a powerful role in shaping customer decisions, often influencing whether they complete a purchase, abandon a cart, or come back as loyal buyers. 

Blockchain in digital payments is a decentralized system that records and verifies transactions across a secure, shared network. Unlike traditional payment systems that rely on banks or intermediaries, blockchain allows direct peer-to-peer transfers with minimal delays and lower costs.