LOS ANGELES, CA: CEO Andy Khawaja of Allied Wallet, a global leader in online credit card processing and a provider of multi-currency merchant services, was recently interviewed for the cover and main feature of Start Your Business Magazine, offering a glimpse to readers of how he rose to his billionaire status and tips as to how entrepreneurs can reach their success.
Andy Khawaja started Allied Wallet based on his concerns in regards to the safety and security of online payments. He wanted to establish a better payment processing system and Allied Wallet is how he brought his secure services to fruition.
“The purpose was to secure the internet…and to secure transactions so that con artists would find it tougher to invade transactions,” said Khawaja.
While security was the basis, it took much more for Khawaja and Allied Wallet to reach the success they see today. They saw their success by understanding the business they’re in and by establishing the relationships and trust that must be in place to maximize efficiency.
“If you want to build a multi-billion dollar business, you have to secure the most important aspects of your business with a plan that keeps it running 100%. For Allied Wallet, we focused on securing our compliance standards and having a knowledgeable risk team. So that, as we grew, we grew safely,” Khawaja said.
It’s clear that every step Khawaja has made has been carefully placed to build his empire on safe internet transactions. From local laws and compliance to brand violations and card scheme regulations, Khawaja has made a point to learn it all and build an infrastructure to support international payments within it.
Khawaja is every bit inspirational as he is knowledgeable in his trade and offers the entrepreneurial readers of Start Your Business Magazine tips and advice for perpetuating their own success.
“Everyone should be proud of themselves and persistent in what they are doing,“ said Khawaja. “Never make one [product] and then say ‘That’s it, I’ve made it.’ Build a better product than the original,” he continued. “To build a future, you have to build a future all the time.”
And as of today, Allied Wallet and CEO Andy Khawaja have no intentions to stop building.