Category: Industry Insights

Charge Once, Charge Often? Let’s Talk Recurring vs One-Off Payments

Pricing your product or service is a tough cookie to crack. One dilemma that’s coming up more often is whether to charge your customers a one-time fee (as is traditional), or move towards the direction of recurring payments instead (as is on the rise). Let’s talk about one-off payments vs recurring payments. How do the […]

New Feature Alert: Collect Recurring Payments From Credit/Debit Card!

For many of us, recurring billings are without a doubt heavily ingrained into our lives. Our phone services, internet, mortgage and car instalments all make up some examples of recurring payments which are ever-present in our day-to-day lives. In the past two years, Curlec has been instrumental in making the recurring payments process easier for […]

Cheng & Co: Empowering Accountants And SMEs Using Curlec’s Online Direct Debit Solution

As Covid-19 continues to unfold globally with most countries putting their citizens under lockdown, the repercussions of the pandemic are causing a profound effect on businesses, both big and small – challenging professional services to configure their workforces and operations to better manage their client’s cash flow position and maintain visibility over the cash pipeline […]

Digital Payments: A ‘Nice-to-Have’ To The Only Way To Do Business

Covid-19 has sent the world into a panic. This is particularly true for businesses, with companies of all sizes being sent into survival mode. If cash flow wasn’t the priority before, it certainly is now. A survey conducted by SME Malaysia found that only 33% of Malaysian businesses had just enough cash flow to pull […]

5 Excuses For Late Payments & How To Deal With Them

It probably does not come as a surprise that late payments are not just a problem for SMEs and large corporates in Malaysia, but also for businesses of all shapes and sizes across the globe. Dealing with late payments has become part and parcel in running a business. Reports suggest an estimated $3.1 trillion are […]

The Subscription Economy

From digital disruption to the race to innovate customer demands, gone are the days when business-customer relationship are as simple as the swiping of a card. According to the recent IBM Institute for Business Value survey report, 68% of consumers anticipate organisations will harmonise consumer experience; 76% of consumers expect organisations to understand their individual […]

Instalments For All, Even Non-Credit Card Holders?

The everyday practice of paying via instalments isn’t something foreign to most, and has become commonplace even among today’s youth. With the bulk of people opting for this payment method for most commitments that would otherwise eat off impossible chunks of their income, large purchases become more and more accessible for folks of all income […]

5 Direct Debit Myths

Direct Debit vs Credit Cards: Which is the Best Way to Take Recurring Payments?

Direct Debit and Credit Cards are two methods used for taking regular payments. Both enable businesses to take payments from their customers easily, but there are some key differences between the two that we will explore in this article. Before we delve into our comparison, it is important to note that the term ‘Credit Card’ […]

Direct Debit: Moving Malaysia to a Cashless Society

We are just at the beginning of a payments revolution in Malaysia, which is changing the way consumers are paying for goods and services. In 2019, studies have shown that two in three Malaysians are now utilising cashless payments, with Debit cards and online banking being the most preferred methods of payment, including Direct Debit. […]