Corporate Vision Issue 7

6 CORPORATE VISION / Issue 7 2018 , Following their success in Corporate Vision’s Corporate Excellence Awards, where they were awarded the accolade 2018’s Recognised Leader for Online Payment Processing, Fintech genius Dr. Andy Khawaja of AlliedWallet is keen to provide us with a detailed insight into the company’s phenomenal global online services. Allied Wallet : An Unstoppable Force Firstly, can you please tell us a bit more about Allied Wallet and the ser- vices you provide? Allied Wallet provides global online services with the tools of fraud reduction and cyber securi- ty implemented in Allied Wallet’s Global Payment Gateway infra- structure. Alongside processing credit cards both domestically and globally, we also reduce the fraud ratio and chargeback based on the extensive negative database that we have generated over the past 12 years since the inception of the firm. There are numerous providers who take advantage of the honest merchants in terms of high chargebacks. Which is why, when it comes to Allied Wallet’s system, data which comes into that negative database, our team are able to identify the good from the bad. As such, the transaction is thrown away when the card is connected to that negative database. Allied Wallet provides global online services with the tools of fraud reduction and cyber securi- ty implemented in Allied Wallet’s Global Payment Gateway infrastructure. Not only do we process credit cards domestically and globally, but at the same time, we reduce the fraud ratio and chargeback based on the massive negative database that we have generated over the past 12 years since the dawn of the company. Many providers take advantage of the honest merchants in terms of high chargebacks. As such, when it comes to Allied Wallet’s system, data comes into that negative database and we iden- tify the good and the bad. So, the transaction is thrown away when the card is related to that negative database. Lastly, our system is also more reliable than our competitors’ since we have close relationships with banks around the world, and as such are able to remotely connect to their systems and ensure that clients are supported wherever they are. Can you tell us just how Allied Wallet invests in both your team and your clients? We work with our clients to teach them what’s good and what isn’t, and advise them not to just sell a product, but to look at what the consumer needs to max- imise profit. My team members work hand in hand with every merchant and consumer, indeed we are dedicated to providing outstanding services to them. Here at Allied Wallet, we want to educate our clients, in addition to uncovering what could be potentially bad or good. Also, we look at businesses for which we have processes in place for and we understand how businesses grow. Therefore, we are able to provide any business advice based on our existing experi- ence. What specific expertise does Allied Wallet have when it comes to investments? Proving the opportunity for a business to launch, I believe is the best investment that we do. Even if you have a brilliant idea today and build up a business from scratch, one of the biggest problems that you may face, is for it to have a financial institu- tion who will allow you to start trading. Nowadays, there are many banks who expect you to already have a financial backing behind you. However, those who have only just recently graduated from university do not have this behind them. If you want to provide credit card processing and services, but the bank would want to know how much business the entrepreneur would be doing in six months and 1802CV22 what the chargeback could be within that period. Therefore, the bank will expect security from the budding merchant, but with Allied Wallet, we provide these services based on the business study and we don’t take money upfront. If we like the business, we ask to invest in it if we like it. How does it feel to have been selected in Corporate Vision’s Corporate Excellence Awards as 2018’s Recognised Leader for Online Payment Process- ing? It is an honor to have been selected as 2018’s Recognised Leader for Online Payment Processing. It feels good to wear these shoes and I am always happy to advise and share my knowledge to up and coming talent. Can you tell us what specifical- ly sets your experts apart from others who are in the e-com- merce field? Firstly, we are the leader in the field. Secondly, we are creating jobs, promoting entrepreneurs, as well as paving a new path for the youth to get out there and start a business and build themselves a company. Here at Allied Wallet, we want to be able to provide the young people with clean transactions, so they are