The landscape involving virtual platforms has presented a dynamic panorama, with changes occurring constantly and at an increasingly rapid pace. As a result, the trend is for this scenario to continue growing, although there is still some fear and resistance from users, which suggests that many advances will continue to emerge.
More than just a way to win over the still-resistant audience, this represents the search for improvements in the delivery of this service, which emerged suddenly in some countries and expanded rapidly. Credibility and quality, even more on a larger scale than usual in cutting-edge markets, have been the focus of high-performance experts in this tech sector.
In some developing countries, online banking transactions grew by an average of 50% in 2023. Meanwhile, transactions through platforms developed specifically for this purpose saw a 70% increase.
In Brazil, for example, the agency responsible for regulating these financial transactions reported figures that were in line with this trend. One survey indicated that only 14% of financial transactions made in the previous year used paper money.
The simplicity and speed shared by this new landscape are the subject of academic studies and the work carried out by Helmi Ben Khalifa. As a Software Engineering expert, we spoke with him to clarify our doubts about the topic. His career is centered around developing applications that became platforms for these resources.
“One of the main pillars of developing these resources is the ability to quickly identify technical problems and implement reliable solutions. This ensures the optimal performance of the offered resource. I have always aimed to improve security functionality and develop new features for the payment process.”
Helmi Ben Khalifa holds two master’s degrees. Among his contributions, his work includes intuitive designs to prevent fraud and guide users. As a result, there has been greater success in attempting to limit risk behaviors.
When talking about enhanced security, one speaks of credibility. And credibility is directly tied to the success of projects, a path followed by the work led by the Tunisian expert. Based on these positive results, the Software Engineer evaluates that greater simplicity and enhanced security will be the key points for future advances along with new platforms.
“It’s too early to say whether traditional paper money will disappear or not. Every location has its own reality, culture, and level of development in this field. Any certainty is premature. But we can say that it is an irreversible path. There is no going back, but it’s a promising future, a better horizon. Users can expect that these rapid changes will bring a scenario of greater security and agility, more than what has already been achieved, in a very short time”, the specialist states, who with all his experience, has been working at PayPal since November of this year.
Virtual payments, coins moved by virtual wallets, and contactless payments through cards downloaded and registered on smartphones have no longer been a novelty in this landscape for some time. Although it’s always important to highlight that a portion of the population remains attached to more conservative concepts due to doubts about the debated and studied security.
Less questioned, the agility and simplicity provided by these resources seem to have gained a more unanimous positive reception even among the more resistant audience. For experts, this is proof that the work is heading in the right direction, and full trust in new projects is a matter of time, perhaps shorter than the time taken to reach this point.
“Security not only can but must be discussed and improved. In fact, this is a premise of every responsible project that follows the appropriate protocols. This will remain the main agenda for future projects, no doubt about it. The public is becoming convinced that the path is correct. The dysfunctions resulting from excessive bureaucracy have also helped convince many that this horizon is ideal. Now, it’s about making the resources even more ideal to cross this change.”
Some of these expected changes in certain software are already a reality in other more advanced devices. An example of this is the use of biometrics for security. A more nascent example is facial recognition, which is expected to become a popular feature in the not-too-distant future.
More details on Helmi’s career: From San Francisco, Helmi Ben Khalifa has spent over six years working on the development of these platforms. From 2022 to June 2024, he worked at Bank of America in California, influencing the roadmap of a product and developing payment features. In his home country, from 2018 to 2021, he worked as a developer.
Helmi holds certifications in the Android Developer Track, the Google Africa Scholarship Android Developer program and “Certified Payments Professional”, certificate from the Electronic Transactions Association. One of his master’s degrees was completed in Iowa in Computer Science, while the other was in Tunisia in Software Engineering.
“The future is tied to these standards and principles that have been gathered. Technique is important, as are skills, but they are worked alongside this foundation. This is another premise, even more basic, that professionals starting out or those interested in entering this field of study and evolution need to understand. It’s a foundation that needs to be solidly established,” concluded the expert.
