Allied Wallet is on a noble mission to shape the future of eCommerce, by giving young entrepreneurs the opportunity to accept payments, generate profits and to stay in business. As the ‘Saviour of the Entrepreneurs’, the firm’s tech billionaire Dr. Andy Khawaja gives an inspirational interview about his globally successful credit-card processing company Allied Wallet, who serve 196 countries and an astounding 150+ million users. In June 2016, he was the recipient of the Honorary Degree in Humane Letters, at the Lebanese American University.
As we approach Christmas 2016, what achievements do you feel Allied Wallet has accomplished during 2016?
Allied Wallet has recently won the Most Trusted Payment Company Award, because both our merchants and consumers trust our company, and the way we handle their transactions or any issues related to fraud or a product being delivered on time through a third party. That has increased the business of Allied Wallet, especially with Black Friday and Thanksgiving Day, not to mention Christmas shopping.
We did 300 times more business than the previous year for Black Friday this year, so we are doing extremely well and I am really excited about the business, indeed we want to do the right thing at Allied Wallet to gain more business.
Following the Christmas and New Year period, what plans to Allied Wallet have for 2017 and beyond?
In the forthcoming second quarter of 2017, we are exploring the possibility of going IPO on the New York Stock Exchange, something that is still on the table. With the new platform, ‘Next Gen Payment Gateway’ for online payment processing, the next generation in my opinion is four companies combined. If you put together Square, Stripe, PayPal and CyberSource, all 4 of these companies are pretty much what the Allied Wallet Next Gen Payment Gateway is.