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“Financial companies develop and supplement the financial market of Ukraine,” says Irina Tsybulnik

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financial market of Ukraine," says Irina Tsybulnik

Head of the department for the development of services and the payment system of the LeoGaming fintech company Irina Tsybulnik talks about the development of the non-bank financial services market and explains the rapid growth of popularity of payment terminals and “mobile” money.

Can you tell us about the market of non-bank financial institutions? What are the key characteristics of its development in recent years?

The majority of people are aware of the fact that the influence of non-bank financial institutions (hereinafter referred to as NBFIs) in the financial market of Ukraine has grown significantly in recent years. It happened both as a result of the natural development of the market in the current legislative environment, as well as because of changes in the structure of the financial system itself.

A few years ago, small banks left the market. The reason was simple: they could not withstand the crisis in the domestic economy. At the same time, their place was not taken by financial companies. They simply cannot do this, since banks and NBFIs are different entities of the financial industry, although they have similar properties in many aspects. However, keeping in mind the fact that regulatory pressure on banks was increasing, financial companies were able to occupy those niches, where banks could not operate any longer. NBFIs became transactional organizations for payment systems that include banks. For example, the LEO international payment system works using the same way.

As a result, the market was distorted, which was solved by the Split Law (No. 79-IX) that came into force in July 2020. Supervision of financial companies was transferred to the NBU, thus allowing creating the unified “rules of the game” for the main financial services provided by all participants. We are talking about money transfers, credit services, and currency exchange operations. Financial companies often create strong fintech brands, while banks actively work with them. The financial company develops a technical solution, while the bank provides financial infrastructure. Thus, a holistic ecosystem has been actively created in Ukraine in recent years. It is worth noting that non-bank financial institutions have a very stable position within this ecosystem.

What are the key segments where non-bank financial institutions can compete with banks?

Banks are not able to offer a wide range of financial services. These functions are most often performed by the NBFI. First of all, we are talking about insurance. If the bank decided to provide insurance services, it has to cooperate with an NBFI, while the bank works as an insurance intermediary.

Secondly, we are talking about lending. In this case, banks and NBFIs play on the same field but having different audiences. NBFIs work with the segment of customers who need credit services but have no chance to get a loan from a bank due to higher requirements for the creditworthiness of the borrower. These are low-income individuals, who use the services of credit financial companies or pawnshops. The interest rate on the loan there is higher because of the riskiness of the operation.

Thirdly, we are talking about currency exchange operations. As you know, it is much easier for a financial company with a currency license to open a currency exchange office than for a bank to open a new branch. It turns out that NBFIs have a wider audience, sometimes introducing innovative cases. For example, our LeoGaming Pay financial company has launched the first office for currency exchange operations in Ukraine with a software payment transactions recorder.

How the new law on financial monitoring affected the financial market and the clients of financial companies?

Law No. 361-IX improves the financial monitoring procedure and brings it in line with the financial monitoring standards established by international and European authorities.

First of all, it is worth noting that the law expands and tightens the requirements for the identification of people making money transfers. For example, these days one cannot top-up any service for the amount of more than 4999.99 UAH by using a payment terminal. To pay more than 5,000 UAH, you must enter your identification data. Previously, such a requirement also existed, but it was applied for amounts over 15,000 UAH. However, there are several exceptions:

* Payment of utilities, taxes, fines, and other budget payments (regardless of the amount)

* Repayment of loans of less than 30,000 UAH.

At the same time, the amount of a financial transaction subject to financial monitoring has been increased from 150,000 UAH to 400,000 UAH.

The new law introduces a risk-based approach to the implementation of financial monitoring, which means a deeper check of suspicious customers and a simplified one for reliable ones.

The law also introduces the long-awaited possibility of remote verification of the client without any need for their physical presence. These days, the entire process of verification of the client’s identification data can be carried out, for example, using the BankID system by NBU, or a qualified electronic signature.

Besides, new approaches to the responsibility of the subjects of the preliminary financial intelligence are worth your attention. The number of fines has significantly increased. Also, the amount of the fines for specific types of violations are clear now.

How is the market of payment terminals developing in the context of the growing popularity of non-cash payments?

It is worth noting that the market continues to grow. Only this fact alone eliminates any negative connotation from the question. The terminal business is inventing new niches and options for working in the realities of the growing cashless economy. But at the same time, it is worth remembering that the main audience of customers of payment terminals (and these are millions of Ukrainians) did not suddenly stop paying in cash because they had a PayPass card to pay for groceries in a supermarket. I want to highlight another important thing. The coronavirus has not killed the will of people to pay in terminals. Even in 2020, we saw stable growth in turnover. A wide array of marketing tools stimulated this demand. In general, the situation is the following: when people stay at home, they play games. But they are used to top up their accounts in the terminal located in the nearest grocery store. They do not want to enter all the card credentials in the browser.

If we talk about development, there are several amazing projects here. For example, the iBox terminal network was the first to install NFC readers on terminals. By using this advanced system, the client does not need to enter 16 digits of the bank card to top it up. They can just approach the card to the reader. In addition, Sistema terminals allow using the DIYA verification app to make payments of more than 4999 UAH.

Can terminals compete with online payments? If yes, in which segments?

They do not have to, because they develop in the same direction. One of the most popular services in payment terminals is the ability to top your bank card up. In fact, the terminal has become a mediator allowing people to move from cash to non-cash economy.

A payment terminal is one of the many popular payment methods for goods and services. Local companies worked, work, and will work with terminals because the business needs to have direct access to the customers.

What is the role of mobile money in the Ukrainian reality? Is it really popular among the people? When do they use it?

This is a convenient non-bank payment alternative. The “mobile money” payment method is the evolution of payments using SMS commands, which has existed in Ukraine for almost 20 years. Now the mobile balance payment buttons appear in the payment forms of websites and apps along with the bank card payment options.

In general, the prevalence of mobile money depends on the category. For example, in the field of online games, the share of payments with mobile money ranges from 5 to 30%, depending on the service. Operators are investing resources in the development of their “payment buttons”, thus exploring new niches. For example, LeoGaming together with the three operators launched parking payment via SMS commands in Kharkiv. During the first days, the demand exceeded all our expectations.

What are the most prospective areas for mobile money? Can you give us examples where mobile money will be useful to the average consumer?

The main advantage is the simplicity and clarity of this tool for its target audience, i.e., people aged from 35 to 55 years. They use the same way of payment for many years in a row. In addition, they are also active users of terminals. The payment takes place immediately, while the person just needs to confirm it with an SMS code. In addition, there is a large segment of people in Ukraine who do not have a bank card. For them, paying with mobile money is a good solution to substitute bank cards.

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Benefits of Installing Van Shelving Systems

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Benefits of Installing Van Shelving Systems

Many contractors and other remote jobs van shelving  Systems. Because custom Van Shelving system gives you van a professional look. It’s perfect for a small business that offers remote services. You can also run a van food stall with a shelving system.

Enhanced Safety

Shelving system enhances the safety check. When you are on the drive, your tools are in active mode, which can cause serious issues. These tools cause injuries. In many cases, tools are stuck in the emergency brake. Sometimes it’s seen that tools and other things drop on-road that cause serious accidents. Shelving systems give extra security and are on a safe journey.

Space Maximization

When you have not organized space, it looks like a mess, and you can’t find the required tool at the time necessary its can take your time. And also can have more space for the load. Van shelving system maximizes the van space a small van can convert into a business van with the help of van shelving system installation.

Better Professional Image

Van shelving system gives a professional look to your ordinary van. Your office shows the quality of work. When we go to a restaurant, we can image the reputation with the looks of place as the same public can recognize your business with the looks of your office van. When you work remotely, the van is your office, so in this way, we can say that the van shelving system can change the entire look of your office.   Click here to order your Van shelving now.

Improved Productivity

Let suppose you are running a food van business. You need more space to organize your things and require more space. The Van shelving system can give you more space at the same size van. Now you have more space, and you have the option to increase your items. As all the material is fully organized and available at its place, you can do your work more quickly. 

Save money and time

Van shelving saves your time and money. Once you install Technolam shelving, no maintenance cost occur or not replacement frequently required it saver of money. As we talk about time-saving when you get all the things organized, no need to search out and waste time you will get your tools at the place that will save your time.

Better Van Environment

When we are at home, and the is mess up. You feel irritating as your van is messed up the same van you can’t work effectively and not feel comfortable. As your van is well organized, and all your tools are available at their place, you will work effectively and more quickly. As human beings, our nature needs a neat and clean place to survive. So van shelving keeps your workplace tidy and well organized.

Conclusion:

In the short van, shelving gives a professional look to your van. These shelving installations are affordable. This can help you to run your business more comfortably and productively. 

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How Can You Increase Sales in Your Business?

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How Can You Increase Sales in Your Business

Are you looking for a way to generate more revenue for your business? If so, there are plenty of options available. Even though the environment has changed significantly during the past few years, there are still ways for you to generate a reliable revenue stream. Take a look at a few important tips below, and remember to reach out to a professional who can assist you. This is not something you need to address on your own, and there are consultants who can help you close more sales for your business. 

Don’t Overlook the Importance of a One-on-One Meeting

First, you must remember not to overlook the importance of a one-on-one meeting. Everyone likes to feel special. One of the ways you can make your potential customers and clients feel special is to give them a one-on-one meeting. Of course, your clients are busy people, so how can you create time for them to meet with you in this type of settings? 

That is exactly where a meeting booker and be helpful. You have a lot to do on a daily basis as well, and you should rely on a professional and help you schedule your meetings in advance. A professional can take a look at your schedule, figure out how long that potential meeting is going to take, and make sure you schedule enough time. They can also go back and forth with a client for you, helping you make sure you pick an appropriate spot on your schedule. If you demonstrate that you are willing to meet with a potential client one-on-one, you can increase your chances of closing a deal.

Take Advantage of the Digital World

Next, you need to take advantage of the digital world. The vast majority of people use the internet when they are looking for products and services they require. Therefore, you should do the same thing. Even though there will always be a place for brick-and-mortar shopping, people are still going to use the internet to research a product before they make a decision. You must make sure you have a strong online presence. You might want to work with a professional team that can help you construct a solid digital marketing campaign. This can help you generate more leads on the internet.

Invest in Added Training

There will never be a replacement for talented professionals. You need to make sure you have the right people working for your company as well. Your sales team is invaluable, and they will be responsible for doing most of the legwork. Make sure your sales teams understand the ins and outs of your products and services. You may want to put them through additional training from time to time to make sure they have the necessary information to meet the needs of your potential customers. This can go a long way toward helping you generate more sales for your company. 

Use Automation

Finally, you should also take advantage of automation. Time is your most valuable resource, and you must make sure you spend it wisely. For example, you might want to take advantage of technological applications that can help you automatically respond to potential customers and clients. Then, when someone has moved a significant amount of the way down the sales funnel, you can get involved with a more personal touch. That way, you make sure you are spending your time on the people who have the greatest chance of becoming paying customers. This can help you generate more revenue for your business. 

Find Ways To Close More Sales

These are just a few of the best ways you can generate more revenue for your business. It is true that customer expectations are higher than they have ever been in the past. At the same time, there are ways for you to rise to meet them. You want a versatile business option that is filled with a lot of people. You simply need to place your professionals in a position to be successful. If you can find a way to close more sales on the part of your business, you can position your company to achieve great success in a competitive marketplace. 

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Double Seam Bowl Market: Global Industry Overview by Size, Share, Trends, Top Manufacturers, Segments and Forecasts Research 2027

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The global double seam bowl market can be segmented on the basis of material, end-use and region. On the basis of material, it is sub-segmented into plastic and metal. Plastic is sub-segmented into polypropylene (PP), polyethylene terephthalate (PET) and polyethylene (PE).

Metal is sub-segmented into aluminum, tin and steel. The plastic sub-segment is anticipated to show highest growth rate over the forecast period. The various properties of the plastic packaging such as excellent barrier and cost-effectiveness is anticipated to be the primary reason for the large acceptance of the plastic material during the forecast period. On the basis of end-use, it is sub-segmented into fruit, fish, pasta, soup, vegetable and others. Fish is expected to lead the end use segment. This is on the account of increasing demand for the double seam bowl for the preservation of the fish for long period of time.

The global double seam bowl market is anticipated to expand at a significant CAGR during 2018-2027. The capability of the double seam bowl to upsurge the shelf life of the packaged foods is expected to be the key factor for the growth of the global double seam bowl market during the forecast period.

Download Sample of This Strategic Report @ https://www.researchnester.com/sample-request-693

By region, global double seam bowl market is segmented into North America, Asia-Pacific, Latin America, Europe, Middle East and Africa. North America is anticipated to lead the global double seam bowl market during the forecast period. The increased consumption of the packaged foods in the region coupled with the highly developed packaged industry is driving the growth of the global double seam bowl market during the forecast period. Asia-Pacific region is expected to be the fastest developing region for the global double seam bowl market. The increasing expansion of the food industry across the region is anticipated to increase the demand for the double seam bowl during the forecast period.

The distinct properties of the double seam bowl is anticipated to foster the growth of the global double seam bowl market

The double seam bowl offer better packaging solutions by enhancing the shelf life of the packaged food items. It also offers microwable properties which keeps the food warm for a long period of time. The high barrier resistant property of the double seam bowl creates a barrier between the food products and the moisture which preserves the food. Thus, the various properties of the double seam bowl is anticipated to increase the growth of the global double seam bowl market during the forecast period.

Request a Sample Copy of Concerned Market Report @ https://www.researchnester.com/sample-request-693

Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model. This report also provides the existing competitive scenario of some of the key players of the global double seam bowl market which includes company profiling of key companies such as Silgan Holdings Inc., Truitt Bros. Inc. and Golden-Tech International, Inc.

The outlining enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global double seam bowl market that is expected to help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.     

About Research Nester

Research Nester is a leading service provider for strategic market research and consulting. We aim to provide unbiased, unparalleled market insights and industry analysis to help industries, conglomerates and executives to take wise decisions for their future marketing strategy, expansion and investment etc. We believe every business can expand to its new horizon, provided a right guidance at a right time is available through strategic minds. Our out of box thinking helps our clients to take wise decision so as to avoid future uncertainties.

Contact Us

AJ Daniel
Email: info@researchnester.com
U.S. Phone: [+1 646 586 9123]
U.K. Phone: [+44 203 608 591]

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Visual Analytics Market Research Outlook, Analysis, Latest Updates, Data, and News 2027

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Visual Analytics

Research Nester has evaluated the current market opportunities in “Visual Analytics Market – Global Demand Analysis & Opportunity Outlook 2027” which delivers detailed overview of the visual analytics marketin terms of market segmentation by component, by deployment, by end use industry, by intended audience and by region.

Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.

The global visual analytics market is segmented on the basis of component, deployment, end use industry and region. On the basis of end use industry, the market is further bifurcated into IT, retail, BFSI, manufacturing, military & defense, and transportation. The market is further segmented by component into software and services; by deployment into on-demand, on-premise and finally, on the basis of intended audience, the market is divided into OEMs, system integrators, research, government, private equity groups and others.

Get Exclusive Sample Report Copy Of This Report @  https://www.researchnester.com/sample-request-688

The visual analytics market is anticipated to record a CAGR of around 22% during the forecast period i.e. 2019-2027 owing to worldwide attempt by various government agencies to standardize the data security protocols. The field of logistics and supply chain is anticipated to invest highly in information technology to improve data quality and availability on the back of the fact that the supply chain intelligence provide demand patterns, quality and customer requirements from numerous sources for demand driven planning. Additionally, growing necessity for real-time data management coming from various logistics operations and rising adoption of cloud technology for visual analytics is positively impacting the growth of the market.

Regionally, the market in North America is anticipated to hold the largest market share owing to rising technological developments and applications of visual analytics in various industries coupled with merging of IoT, big data and cloud technology. The Europe market for visual analytics is anticipated to witness high growth rate on the back of growing demand for business intelligence technology in order to enhance the business productivity. The presence of diverse manufacturing industries coupled with huge investments by developing countries like Japan, Singapore, China and India in technology is estimated to boost the growth of the market in Asia Pacific region.

Growing Technological Advancements

Recent technological advancements leading to the adoption of Apache open source technologies and SQL-on-Hadoop, in-memory computing, and in-database processing coupled with continuous updating analytics facilities are anticipated to hone the market growth. Additionally, rising demand for visual analytics tools among various enterprises to access, interpret, and analyze information is estimated to boost the market revenue in upcoming years.

However, lack of trained professionals who are efficient in working with business intelligence tools is expected to operate as a key restraint to the growth of visual analytics market over the forecast period.

This report also provides the existing competitive scenario of some of the key players of the visual analytics market which includes company profiling of Tableau Software,SAP SE, Qlik Technologies, TIBCO Software, ADVIZOR Solutions Pvt. Ltd., SAS Institute, Oracle Corporation, MicroStrategy, IBM Corporation, Alteryx, Inc.

The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the visual analytics market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.     

Get Exclusive Sample Report Copy Of This Report @  https://www.researchnester.com/sample-request-688

About Research Nester

Research Nester is a leading service provider for strategic market research and consulting. We aim to provide unbiased, unparalleled market insights and industry analysis to help industries, conglomerates and executives to take wise decisions for their future marketing strategy, expansion and investment etc. We believe every business can expand to its new horizon, provided a right guidance at a right time is available through strategic minds. Our out of box thinking helps our clients to take wise decision so as to avoid future uncertainties.

Contact for more Info:

AJ Daniel

Email: info@researchnester.com

U.S. Phone: +1 646 586 9123

U.K. Phone: +44 203 608 5919

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Methanol Market- Report Explores Key Regions, Company Profile, Opportunity, and Challenge 2028

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Methanol

Research Nester has published a report titled Methanol Market: Global Demand Analysis & Opportunity Outlook 2028” which delivers detailed overview of the global methanol market in terms of market segmentation by feedstock, by derivatives, by end user and by region.

Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.

Methanol is a light combustible liquid, which is also known as wood alcohol and methyl alcohol. Itproduces less pollution and majorly created by coal, natural gas and renewable resources which make it safe and environment friendly product. Methanol contains a number of physical properties, which makes it ideal for the transportation sector also.

The methanol market is anticipated to grow by a significant CAGR of around 7% over the forecast period, i.e., 2020-2028. The feedstock segment is segmented into natural gas and coal. The segment for natural gas is anticipated to hold the leading share in the market during the forecast period owing to the increasing demand for natural gas from several regions around the world. In the statistics by theU.S. Energy Information Administration (EIA), total consumption of natural gas in the United States peaked to 31014345 MMcf in the year 2019 from 24086797 MMcf in the year 2010.

Based on region, the methanol market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. Asia pacific is estimated to hold the largest share on account of presence of nations, such as China, India and Japan, where there are several end user industries that use methanol.

Download Sample of This Strategic Report @ https://www.researchnester.com/sample-request-683

Rising Involvement of the Government in the Promotion of Usage of Methanol

Increasing promotional awareness for methane and its usage by the government of nations around the world so as to reduce environmental pollution, coupled with the rising demand for methanol from several end user industries are some of the factors anticipated to drive the growth of the global methanol market.

However, thecost related to the conversion of methane into liquid formis expected to hamper the growth of methanol market over the forecast period.

This report also provides the existing competitive scenario of some of the key players of the methanol market which includes company profiling of Honeywell International Inc. (NYSE: HON), Mitsui & Co., Ltd(TYO: 8031), Methanex Corporation(TSE: MX), Mitsubishi Gas Chemical Company, Inc. (TYO: 4182), Valero Marketing and Supply Company(NYSE:VLO), Celanese Corporation(NYSE:CE), Methanol Holdings (Trinidad) Limited, Bp p.l.c. (LON: BP), Shell International B.V. and CNOOC Limited (HKG: 0883).The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the methanol market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.     

Curious about this latest version of report? Obtain Report Details @ https://www.researchnester.com/reports/methanol-market/683

About Research Nester

Research Nester is a leading service provider for strategic market research and consulting. We aim to provide unbiased, unparalleled market insights and industry analysis to help industries, conglomerates and executives to take wise decisions for their future marketing strategy, expansion and investment etc. We believe every business can expand to its new horizon, provided a right guidance at a right time is available through strategic minds. Our out of box thinking helps our clients to take wise decision in order to avoid future uncertainties.

Contact Us

AJ Daniel
Email: info@researchnester.com
U.S. Phone: [+1 646 586 9123]
U.K. Phone: [+44 203 608 591]

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