Infini Cuts Transaction Fee to 0.1% Aiming for Zero-Fee Era

Infini, a leading financial technology company, has announced a significant reduction in its transaction fee to 0.1%. This move brings the U Card one step closer to achieving the era of zero transaction fees. The reduction is part of Infini's ongoing efforts to enhance user experience and make financial transactions more affordable and accessible.

Infini co-founder Christine highlighted the company's strategic decision to return the commission received from Visa and Mastercard global networks to users, thereby reducing their payment costs. This approach not only benefits users but also aligns with Infini's long-term vision of achieving zero-fee payments and ushering in a new era of stablecoin payments.

The fee reduction marks a significant milestone for Infini, as it has progressively lowered the transaction fee from the initial 1% to 0.8% and now to 0.1% since the start of public beta testing. This move is expected to optimize the platform's overall operating income as user transaction activity increases, ultimately achieving a true zero-payment threshold.

Infini's growth in the stablecoin payment card sector has been particularly notable in high inflation markets such as Latin America and Southeast Asia. The platform supports global payments through mainstream wallets like Apple Pay, Google Pay, Alipay, WeChat Pay, and PayPal, offering zero conversion fees from stablecoin to fiat, instant conversion, and automatic yield mechanisms. This fee reduction reflects Infini's product philosophy of benefiting users and further solidifies its long-term vision of creating a seamless transaction and borderless payment experience.

By lowering the cost of transactions, Infini aims to make its services more competitive in the market. This move is likely to benefit both individual users and businesses that rely on digital payments, as they will be able to save on transaction costs. The 0.1% transaction fee aligns with the broader trend in the financial technology industry towards lower fees and more transparent pricing, driven by increasing competition and growing consumer demand for affordable and convenient payment options.

Infini's decision to reduce its transaction fee to 0.1% is a bold move that could have far-reaching implications for the financial technology industry. By making transactions more affordable, Infini is positioning itself as a leader in the fintech space and setting a new standard for transaction fees. This move could also put pressure on other fintech companies to follow suit and reduce their own transaction fees, leading to a more competitive and consumer-friendly market.

The reduction in transaction fees is also likely to have a positive impact on the adoption of digital payments. As more people and businesses switch to digital payments, the demand for financial technology services is expected to grow. This growth could lead to increased investment in the fintech sector, as well as the development of new and innovative payment solutions.