When building marketplace software, it is crucial to provide online payments. Choosing a payment processor for your marketplace is key to remain competitive and boost consumer engagement, an organization should enable real-time or near real-time transactions. For this purpose, software engineers can integrate a payment gateway. The main advantages of this solution are automated payment...
The surge in digital payments brought on by the pandemic is already well storied. Almost anyone who’s bought something in the last year can attest first-hand to the rise in e-commerce and contactless payments. But let’s be clear, this is not a sudden transformation, B2B payments is the real digital revolution. The critical digital infrastructure...
As technology rapidly evolves alongside customer expectations, adopting an API-first approach in payments has become critical. What are payment APIs? and why do we need them? APIs are the building blocks of the next-generation of payments platforms, utilizing the essentialism of PaidYET. Several trends are driving the evolution of payments in 2021. To start, data...
The Future of Digital Payment is Integrated. The payments landscape does not stand still, and as such merchants will always require turnkey solutions that allow them to keep up with the shifting needs of their customers. For developers who have the foresight to identify these behavioral shifts and the technological expertise to capitalize on them,...
Contactless payments are made by tapping your contactless card or a device over a contactless card reader, which then processes and accepts the payment. In recent years, the benefits of contactless and digital payments have become increasingly popular with shoppers and businesses alike, to the point where many people no longer carry cash with them....
From coin shortages and curbside operations to contactless transactions, how consumers pay for their purchases has been completely transformed during the pandemic. Contactless payments lead marching toward a digital and cashless society. Marketers expect that transformation to continue and expand. The digital payments industry continues to mature at an accelerated pace. Shoppers will see new...
Is using contactless payments secure? How do contactless payments work? Cash payments are slowly getting replaced by other payment methods, such as credit cards, debit cards and now contactless payments. Contactless payments are becoming increasingly popular for a good reason, they’re a secure and convenient way to pay. Contactless payments are one of the most...
Stimulated by the COVID-19 pandemic, its expected the number of unique digital wallet users to exceed 4.4B by 2025, up from 2.6 billion in 2020, according to a recent study from Juniper Research. The total amount spent through digital wallets is also expected to nearly double to $10 trillion annually by 2025 from $5.5 trillion...
The trend toward digitization has been building momentum over the past few years. Since the onset of the Covid-19 pandemic, it’s even faster, especially in the payment industry. Cash apps, digital wallets and card-not-present (CNP) transactions are replacing cash, checks and physical credit cards. Meanwhile, fraudulent activity across digital channels is ramping up. Merchants are...
COVID-19 has placed financial pressure like never before on companies and consumers. Banking institutions are forced to facilitate alternative payments and transfers with new automation, due to the increased number of e-commerce transactions and new consumer trends. A large proportion of people around the world made their first online purchase ever this year, with more...
