Now our latest whitepaper The Game Changers of Global Payments is out! Here we are digging into some of the factors that we believe will be the game changers of the payments industry as we know it. Some of those factors are regulations, trends in technology and shopping behaviour.
Topics: psd2, FinTech, improve customer experience, increase conversion rate, mobile payments, Real time payments, Direct payments, Instant payment options, payment options, Payment solutions, Payments, Financial regulation, Ecommerce
Making online payments a secure process both for merchants and consumers is a topic that never loses its relevance. Especially since major retailers have been subject to data breaches as a consequence of flaws in their payment systems.
During FinTech Stockholm last week we got to listen to many interesting speakers with a range of different topics inside the scope of FinTech. There was a lot of focus on what it is that makes or breaks a business and who are the ones that go from good to great. One topic of discussion was innovative ways of reaching new customers and there is one company leading the way - Lunar Way.
PSD2 (Revised Payment Service Directive) is being put in place within the EU this year. Banks who used to have a monopoly on their customers account information and payment services will be obliged to share open APIs with third-party providers.
Alone is not always strong. Especially not when it comes to scaling a business in a highly regulated industry. But if a collaboration between banks and FinTechs are done correctly, both parties will walk away as winners.
Payments is an ever evolving industry which constantly forces you to stay on top of trends and consumer needs. It is truly an industry that changes rapidly.
For many people, e-commerce has become the preferred way to shop and it has become so mainstream that even the smallest of shops have an online presence.
The world of payment solutions is truly a jungle and at the moment it may seem impossible to keep up with all trends and statistics. Some merchants may think that the payment solution only is a small part of the buyers' journey, but that is far from the truth. In this article, we are going to show you some of the alternative options out there so you can make an educated decision when choosing your payment provider.
Topics: FinTech, Payments, Ecommerce, Payment solutions, mobile payments, payment options, Direct payments, Real time payments, Instant payment options, improve customer experience, increase conversion rate
As eCommerce is on the rise, so is the hunt for ways of ensuring high conversion rates. Consumers are getting more tech-savvy and now expect the shopping experience to be a seamless process. If a shopping experience somehow gets interrupted on the way because of technical issues, the chances are big that the consumer will abandon the cart and search for other options. Needless to say, this is something that needs to be avoided at all cost and therefore making sure the payment process is optimized is the key to success.
With the Revised Payment Service Directive (PSD2), being put into place, banks are being forced to keep up with financial innovations in order to stay relevant. As much as 88% of financial institutions are afraid of losing business to FinTech companies. If you are interested in reading more about what PSD2 actually is you can check out our article PSD2 - The regulation that will disrupt the financial industry. Here we will have a look at the PWC Global FinTech Report 2017 to see what steps banks can take in order to stay relevant.