AI Magazine’s Best of the Best in Finance 2016

Allied Wallet is a global leader in payment processing and merchant services, offering customised solutions to businesses of any size. They provide payment processing services in 164 currencies, 196 countries, and nearly every payment method globally. We got in touch with the firm’s visionary Tech Billionaire, Dr. Andy Khawaja to ascertain more about this remarkable company, and the extraordinary impact it is having on the world today.

First of all, how would you summarise the excellent work that your firm does all over the world?
We accommodate consumers and merchants and link consumers on a safety platform with security being our main concern for online transactions. We do our best to make sure all consumers and merchants that work on our platform are completely safe and we want to make sure the cart data is stored and encrypted so there is no way a third party can gain access to it.

As the world’s foremost financial power, with over a quarter of the top 20 largest revenue producing financial service companies being based in the region, to what extent will any significant developments or trends within the US have on countless economies around the globe?
If you look around, at present most of the world is using American products, especially social media with Facebook, Instagram and Twitter. If you look at Apple and the IPod you have got people in Europe and Asia sleeping outside the store just to line up when a product is launched. People no longer use history books, indeed if you want to find something out Google will give you the answer in seconds. Around 90% of the population fully relies on American products, and out of the top 20 companies in the world, I would say 19 are based in the US.

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