E-commerce is here to stay and with it, all of its perks, including online payments. Business owners today must ensure that they equip their e-stores with the right payment gateway to ensure maximum efficiency and customer satisfaction. This will go a long way into ensuring the success of the e-commerce business.   Figure Out Where You Want to Collect the Payments Online payment gateways can be designed to collect funds right on the e-store’s website. They can also be designed to redirect users to another website where the collection occurs. The former is the integrated model of online payments, and the latter is the model of redirection. Both these models of online payment gateways are available in the Philippines or in Indonesia and can be availed by business owners there.   Ensure Compliance with the Prescribed Security Standards  The internet can be a scary place. Monetary transactions over the internet can be

Much quicker than expected the number of digital consumers in Southeast Asia is growing exponentially. There is no doubt that the number of digital consumers in this region will reach several million in the future. The number of digital wallet payments facilitated by leading online payment providers in Vietnam and the rest of Southeast Asia is only going to keep rising in the near future. Take a look at some of the advantages you can enjoy with online or e-bank payments in SEA.   Cashless Payments in Southeast Asia When it comes to a digital economy, China has been a clear leader in this regard. Across this populous nation, fin-tech firms have been instrumental in executing cashless payments. However, in recent years, other parts of Southeast Asia have also provided competition to challenge this status quo. It has been noted that commercial bank customers who form a large percentage of

A smooth online customer experience is often the result of a fast, secure, and easy payment process. Looking ahead, customer growth and retention are likely to be driven by high-quality and professional e-commerce payment gateways. The lifeblood of an e-commerce business is payments; thus, the success of your online store will largely depend on your choice of the right online payment solution.   What is a Payment Gateway? The system and infrastructure that facilitates payments from your e-commerce store are termed an e-commerce payment gateway. It enables merchants to accept and manage payments and mitigate fraud in a secure way and helps to process transactions from a website. In simple terms, it can be thought of as a cash register for your online business.   What is a Merchant Account? One will regularly come across the term ‘merchant accounts’ when looking into SEA online payment solutions. A special type of

Every day, we learn something new. In the corporate world, innovation and adaptation are the keys to being successful. The same is applicable to the world of consumers. Consumers want what is hot, what is trending, and what is easy.   What is the Contactless Payment? Contactless payment is a secure payment method where customers purchase products or services using a debit or credit card or any other device using near field communication (NFC). Mobile app payment and online payment using any of the above-mentioned methods come under the same category. With the advancement in wireless technology and the ever-increasing popularity of smartphones, this technology has become a game-changer. This is because consumers need not carry physical currency any longer as all transactions can be carried out using the consumer’s smartphone.   Why is Contactless Payment Gaining Popularity? The year 2020 has seen the rapid spread of COVID-19. Since the

Choosing an online payment gateway that is best suited for your business requirements can be a very tedious process. You should ensure that the customer experience through the online transaction is smooth, secure, and quick, with the least number of clicks. If the customer experience is positive, it will ensure that customers will come back to purchase other products or services in the future. The top three considerations to make while selecting an online payment gateway in Indonesia are listed below.   Safety Regulations & Security Features Mobile payment gateway providers should have permission from Bank Indonesia to run their service, and in addition to this, they should have a license from PCI DSS with Level 1 as per government directives. Online payment has become part of our daily lives. We are processing online transactions not only through credit cards or debit cards but also through other modes like internet

In the current digital era, businesses are forced to adapt quickly and oftentimes without warning to match the ever-changing consumer expectations and buying habits. In order to succeed, you need the right e-commerce solution provider who can focus on the digital aspects of your business while you focus on the more important areas of your business.   Background and Integration Experience  To shortlist your e-commerce solution partner for online payment solutions in Thailand, the first step would be to verify/research what your potential partner has delivered in the past and to whom. It is imperative to choose a partner who has a proven track record in all areas of e-commerce. It is worth noting whether they have delivered projects across various industries to successful clients and also whether they have experience servicing their clients globally. You would also want to look for a provider that has the skills and expertise in integrating the

John had landed at the airport and boarded his taxi to take him to a meeting. In his rush, he forgot to carry his wallet. But he was comfortable knowing that he could use his e-wallet on his phone to make this particular payment.   What is E-Banking? Electronic banking or e-banking is a method of transferring funds from one account to another using an electronic medium. The different forms of e-banking include, but are not limited to, internet banking, ATMs, telbanking, smart cards, debit cards and mobile payment solutions or mobile banking.   Benefits of E-Banking  Payments made electronically are realised immediately. This saves time for customers and business owners. The cost of transactions for customers is minimal, and in many cases, without any cost involved. Customised statements are always available online, and tracking expenses can be done very quickly. This saves you from the occasional trip to the bank

As a business merchant, it is essential to understand the aspects that help to enhance your business. This includes providing materials and services that are impeccable. For a merchant, keeping up with the quickly changing marketplace includes choosing a trustworthy and reputed online payment gateway. Let us understand why merchants cannot do without one.   A Swift Means of Transaction Having the support of a strong online payment gateway can ensure a hassle-free and instant transaction. Despite the geographical restrictions, customers can easily make payments with just a simple click. The customer and the seller are immediately notified once the transaction is complete. It enhances the scope of merchandise sales and boosts the business.   A Secure Means of Transfer  Merchants have numerous sales per day and online invoice software is far more secure than cheques. Online payment gateways integrated technologies like APIs and Artificial Intelligence protect the owner by

Payment gateways have helped to simplify the payment procedures in a secure manner. Here is a guide to understanding payment gateways and what should the merchants consider while choosing the best. What are Payment Gateways?  Modern technology has come a long way since the genesis of the internet. As easy as it has made a life for everyone, a constant threat of misuse always seems to loom over its usage. That is when payment gateway methods step in as the saviour. This simple technology allows the customers to make payments either physically in bricks and mortar shops via credit and debit cards or provides easy processes to register for online payment methods. Choosing the best online payment service provider can be a challenge. Here are a few things to look out for. The Payment Methods Offered  The online payment service providers are entrusted with making the transaction process easier for

Recent research has shown that there are about 2.05 billion online shoppers as of 2020 which works out to a little over a quarter of the world’s population. Many of the purchasers are habitual shoppers and they shop from just about anywhere. In Vietnam, the number of people making payments using their mobile phones has grown faster than elsewhere in Southeast Asia according to a report from PwC and these include mobile app payments. From 37% in 2018, the percentage of consumers using mobile payments increased to 61% in 2019 in Vietnam. It is important that as a business owner you use these facts to leverage your position as a great service provider to your customers be it in-store or online from start to finish including a seamless platform to complete a purchase over and over again. A Comprehensive Data Analysis At a basic level, when a customer makes a

To launch your online store, there are a number of e-commerce solution providers who can help you get a head start and manage your business for you. Here are some things to consider while choosing your solution provider.   Ease of Starting and Ability to Drive Traffic to You E-commerce solution providers offer a number of ready to use templates which can be customized to your business. You can add your own logo and use simple features to drag and drop items into their respective field to build your online store with ease. As easy as that, your store should be readily visible online and open for the world to see. The provider should be able to boost SEO strategies with customizable URLs access. The aim should be to build buzz, find your target customers, and drive more site traffic.   Sell Anywhere and Grow Faster Once your store is

As technology evolves so do payment trends and therefore the opportunity this field presents is enormous.  Take a look at some of the big payment developments taking place in 2020.   Seamless Customer Experience Customer experience is a priority in today’s business world and one of the ideal ways to achieve it is to provide a smooth and invisible payment process.  From customer information to automatic subscriptions or charges, the way forward is to have frictionless payment options embedded into applications through specific software.   More Businesses Will Become Digital More and more businesses are leaning towards incorporating easier online payment technology trends to ease the process for the customer.  There is also a need to keep up with the growing demand for increased digitisation and a huge generation that was born with the internet.  The younger generation has proven to contribute to nearly 40% of payments in some form

With the advancement of technology and the spread of internet-based shopping and banking, the role of online payment services has steadily grown over the years.  As a popular payment option these days, here is a look at digital payments and payment gateways. Features of Digital Payments Digital payment forms are flexible and varied and most are supported by a safe and strong infrastructure although online payments are not completely safe from malpractices.  Cyber-attacks can result in unauthorised money transfer or data theft which can be avoided by creating a secure service provider that is designed on government regulations.  The cost of online cash transactions are close to zero when compared to the high cost incurred through more traditional routes and is far more efficient and quicker. Digital payment service providers ensure that customers are able to conduct all kinds of payments online.  This includes e-commerce billing, ticketing, bill payments, POS,

Merchants used to be quite wary of setting up e-commerce websites, unsure of how effective they really were. Customers likewise traditionally preferred using cash to make their purchases. That scenario has drastically changed so that we now see every little trader and merchant setting up online portals to take advantage of a global clientele.  E-commerce solution providers have become necessary to make it possible for merchants to receive payments from online customers.  Online purchases have become the norm now with surveys confirming that more than 86% of customers use online payment methods such as credit and debit cards or even their smartphones to pay for their purchases.  Payment gateways help merchants to accept different types of electronic payments.  They do not have to take the trouble of setting up the hardware, the software, and the security processes needed for online payments. How to Choose the Right E-commerce Solution Provider? E-commerce

Payment gateways are necessary for all online traders to enable them to accept payments from customers for purchases made.  Online stores are here to stay especially with the increased need for safety these days of the pandemic.  Online stores make it possible for customers to search for the things they need at their own pace and convenience.  They are able to make use of discounts and offers that traders proffer despite being unable to physically visit the shops.  Online traders also have return policies that make it possible to return goods if they are found to be not quite what the customer ordered.  For all the cash transactions involved in these activities, merchants need the help of payment gateway providers.   Payment Gateway Providers Keeping Up With Technology Payment gateway providers help not only online traders but also brick and mortar stores to accept payments through credit and debit cards