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Asian Entrepreneur Magazine Talks ‘Startups’ with Allied Wallet’s Dr. Andy Khawaja
Dr. Andy Khawaja grew up as a child in Lebanon and came to the United States as a teenager. He has worked for years in high-end retail and has managed a chain of retail stores with locations in Beverly Hills on Rodeo Drive and Las Vegas MGM. When the Internet started to grow, Dr. Andy realized that credit cards would have to be accepted. Dr. Andy’s experience with international clients allowed him to understand foreign affairs well and wanted to create a way to communicate between entrepreneurs and clients all over the world, and this happened through Allied Wallet. Ten years ago, it was sold verbally and is now being processed for 150 million merchants worldwide.
Announcer: in your own words, what is Allied Wallet?
Andy Khawaja: Allied Wallet is currently the fastest growing online payment processor in the world. We offer small and large businesses around the world the ability to process credit card payments from their customers safely and quickly, even to new companies. Our award-winning APIs ensure that all transactions are fraudulently canceled and can be processed in over 150 different currencies for a truly international experience.
Announcer: How did you get the idea of the Allied Wallet?
Andy Khawaja: This company was born ten years ago because it inspired me to offer companies around the world the opportunity to take their company to the next level, globally. He realized that safer methods were needed to handle international transactions, and no one else had done so and left much room for fraud, which could ruin the business.
Researcher: Can you guide us through the Allied Wallet startup process?
Andy Khawaja: When the merchants approach us, they complete the order on our website. Our internal subscription team reviews your documents and sends you an approval email containing the secure payment page code on your website. Once the merchant has made changes to your site, we activate it. We can do all this in just 12 hours.
Announcer: Did you encounter any particular difficulties in the beginning?
Andy Khawaja: Unlike other processors, we don’t start investing in finance. Allied Wallet was created with my money because I believe in this company and thanks to the hard work and dedication of our team, we are creating one of the most successful computing companies in the world today.
Announcer: How did you develop Allied Wallet from the beginning?
Andy Khawaja: When we started out, we mainly focused on the portal, to make sure it had the maximum security available to deter fraud. Since then, we have created other products such as prepaid cards, virtual wallets, and our nextGen portal. We are always evolving to create new and better products to help our merchants.
Announcer: What kind of comments have you received so far from Allied Wallet?
Andy Khawaja: Allied Wallet is well known in the United States, Europe, and Asia. We always win prizes for excellent management jobs and our commitment to ensure our traders have a good job. Our 200 to 500% growth rate every year shows that people trust Allied Wallet for their businesses.
Researcher: Are you facing significant competition in this area, particularly from companies like Allied Wallet?
Andy Khawaja: we love competition. PayPal is probably our main direct competitor, but they have different infrastructure and we have a global approach with different capabilities and greater flexibility for our merchants. You know that the payment industry is very competitive, but thanks to our low prices, excellent internal customer service and a wide range of shopping cards to combine and protect unbeatable fraud, Allied Wallet speaks for itself.
Announcer: what can you tell us about this sector?
Andy Khawaja: this sector is very competitive and can be dangerous for new entrants. There are many things you need to understand about accepting credit cards online before entering and you must have a secure portal to avoid fraud.
Researcher: what is the future of the sector and how do you think you will remain relevant for this sector?
Andy Khawaja: the digital payments sector will only grow. See more people paying with cards or apps, not cash, which means more people will need a way to send payments online. Allied Wallet is constantly improving and creating new products so that it can be at the forefront
Addison is a student of the Aust Abbottabad University of Science and Technology. He started his graduation in 2016 and graduated in 2020. I’m a professional article and blog writer, has written dozens of content on different topics and worked with professionals all over the globe. Feel free to contact me for any assistance. hamzafazal43@yahoo.com