Digital wallets and contactless payments have seen a surge in popularity during the COVID-19 pandemic, with Apple Pay being one of the tech solutions prospering at the time. The plethora of benefits this payment method offers and Apple’s course on innovation make it clear that this upward trend will continue.
We're extremely proud to announce that Payneteasy has officially become a part of the community of gateways and payment processors supporting the Google Pay API.
The Digital Services Act (DSA) and the Digital Markets Act (DMA) are legislative proposals of the European Commission that aim to build a safer online space by protecting users’ fundamental rights and establishing a fair playing field for businesses.
Buy now, pay later services are installment-based payment schemes that have experienced a surge in popularity over the past few years and have become a prominent part of modern eCommerce. In fact, BNPL hit $1.6 trillion in global market value in 2020, showing a 5% year-over-year increase and outpacing credit card expenditure which declined by 4% during the same period.
Introducing various payment methods into your business operations is essential for matching your customers’ preferences and staying ahead of the competition. However, not every payment option will suffice - statistically, there’s a chance of losing up to 80% of your clients due to the presence of a payment service that is inconvenient or untrustworthy.
In the aftermath of the COVID-19 pandemic, the so-called “decade of action” is unfolding as regions across the globe experience severe economic contraction and go through the recovery process. This is reflected in many ways, including the adjustments in achieving the international sustainable development goals (SDGs) - the strategy countries should follow for a better future for the planet.
Achieving the balance between advanced payment security and a smooth shopping experience is an omnipresent challenge for online merchants. This dilemma is especially prominent nowadays, as sellers face regulations that require multiple authentication steps and make order placement less vulnerable to fraud yet more time-consuming and complex.
Request-to-Pay is an emerging messaging framework that is becoming increasingly popular as a value-added service for real-time payments. As the name suggests, this solution enables payees to request payments digitally from consumers, which the latter can choose to either accept or reject.
Marketplaces are expected to account for 30% of global online business-to-business sales by 2024, taking a leap from $680 billion in 2018 to an estimated $3.6 trillion. This phenomenal growth requires adjustments from B2B eCommerce platforms in a variety of aspects, including the way they accept payments.
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