Revolutionizing Payments on Telegram with Altery’s Embedded Finance Solution
In the bustling landscape of digital communication, one messaging platform that continuously stands out for its versatility and wide-ranging functionalities is Telegram. Boasting a robust selection of apps and bots that cater to everything from casual gaming to stringent financial management, Telegram’s ecosystem is a fertile ground for technological innovation. With its impressive tally of 800 million active monthly users, Telegram has caught the eye of UK fintech startup Altery, marking the beginning of a partnership poised to transform the user payment experience.
Altery’s introduction of their Altery Payment Bot into Telegram is an exciting development for users who seek a more fluid and cohesive payment method within their day-to-day digital interactions. Choosing Telegram as its launch platform was no accident; Altery was drawn to Telegram’s flexible environment for creating versatile bots and applications, which stands out amidst the technological constraints of other platforms.
The financial landscape of Telegram is already significant, with the platform bringing in $45 million in 2023, primarily through its Premium services. Moreover, the trading volume on these bots has reached astronomical levels, exceeding $190 million cumulatively, with daily volumes peaking at $10 million. This bustling commerce activity underscores the potential impact of integrating advanced financial services like those offered by the Altery Payment Bot.
The newly launched payment bot revolutionizes the way Telegram users manage their finances, facilitating money transfers without the need for detailed bank information—all within the familiar confines of their contact list. Should a recipient not be an existing Altery user, setting up an account is straightforward and integrated seamlessly within Telegram. But the bot goes beyond mere account creation and money transfers; it offers an array of services including card ordering and initiates payments as effortlessly as sending a message.
One of the standout features of the bot is the support bot functionality, allowing users to either generate or respond to support queries right from their messaging interface. This ensures that essential communication doesn’t fall through the cracks, bolstered by Telegram’s competitive security measures which include biometric confirmations for transactions and two-factor authentication, aligning with the security standards of iOS and Android apps.
Vasily Uvarov, CPO at Altery, expressed his enthusiasm about the new partnership, stating, “Telegram is the pinnacle platform for development, renowned for its user-friendly and advanced technological environment. We are proud to be pioneers in the UK, leading the pack with such an innovative solution well ahead of other major platforms like Facebook and Viber.” Uvarov underscores Altery’s dedication to expansion and innovation, viewing the collaboration with Telegram as a critical stride toward their ambition of global connectivity and technological superiority.
The Altery Payment Bot simplifies the sign-up process requiring standard identification information and supports transactions in three major currencies: USD, EUR, and GBP, with plans to embrace more in the near future. This integration not only promises to enrich the Telegram experience for its vast user base but also paves the way for Altery as it embarks on its mission to redefine the landscape of embedded finance solutions.
As Altery and Telegram forge ahead with this groundbreaking partnership, the potential for further advancements in the field of embedded finance looms large, promising to deliver a seamless and highly secure user experience. It’s a testament to the power of collaborative innovation in pushing the boundaries of what’s possible in the digital domain, particularly within the realm of secure and efficient financial transactions.
