New integration with Perfect Money
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New integration with Perfect Money

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Integrations has recently established a new integration with Perfect Money — a financial service which allows users to make instant payments and money transfers. Founded in 2007, it is a registered company in Panama but with headquarters in Hong Kong. PerfectMoney’s users can easily convert funds into other electronic currencies and vice versa within the shortest terms and at reasonable rates.

To redraw money from a Perfect Money account, you can do so via bank wire, e-currency, certified exchange partners, prepaid visa/master card gift cards, and perfect money prepaid card/e-voucher. A PM user can use the e-voucher to pay for goods and services too. Perfect Money account could be configured to make automatic payments to any of the participating online businesses.

The world is becoming increasingly cashless. Digital payments are experiencing a boom, driven by developing markets, according to the World Payments Report 2018 launched from Capgemini and BNP Paribas. The report forecasts that non-cash transactions will post a compound annual growth rate (CAGR) of 12.7 per cent through to 2021, following growth of 10.1 per cent in 2015-16, which saw the total volume of non-cash transactions reach 482.6 billion. This non-cash boom is being driven by developing markets, with Russia (CAGR of 36.5 per cent), India (33.2 per cent) and China (25.8 per cent) as notable movers during 2015-16. Mature markets maintained a steady growth of more than 7 per cent.

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