Posts

Showing posts from March, 2024

How scan and thru is an emerging trend in contactless payments for 2024

  Today's fast-paced digital world offers us new opportunities to simplify our lives. For instance, we can now buy anything, from groceries to clothes, from the convenience of our own homes by making online payments. Online payments are transforming, and every second day we are finding new ways to pay for things.  One such way is called Scan and thru. It is a trending contactless payment method that enables customers to scan items using their smartphones while shopping and then complete the payment within the app. This eliminates the need to visit a traditional checkout counter, making the checkout process faster and more convenient.  Customers can simply scan the items they want to purchase, pay through the app, and then leave the store without waiting in a lengthy line. It offers a seamless and efficient shopping experience, enhancing customer satisfaction and streamlining operations for retailers.  In this blog post, we will look into the increasing popularity of ...

How cross border payment platforms offering fast transfers boost customer satisfaction

  In today's global economy, the ability to send money across borders quickly is crucial. Whether you're an e-commerce business, a bank facilitating remittances, or a multinational corporation, your customers expect fast and seamless international payments.  However, traditional cross-border payment methods are often slow, expensive, and lack transparency. This is where cross-border payment platforms offering fast transfers can boost customer satisfaction. As a financial institution, providing an exceptional customer experience is key to retaining loyalty. Imagine being able to facilitate real-time international transactions with full transparency and low fees. Your customers would avoid frustrating delays and hidden charges, leading to higher satisfaction. In this article, you will explore how cross border payment platforms offering fast transfers boost customer satisfaction. Let’s get started!  The need for speed  Your customers demand the same speed and convenie...

How can digital wallet solutions reduce friction in the payment process to scale your business?

  Running a business in today's digital economy means constantly looking for ways to scale operations and remove friction from the customer journey. When it comes to payments, outdated methods like cash, checks, and even cards can slow things down and create bottlenecks that hurt conversion rates.  This is where digital wallet solutions come in – they provide a frictionless payment experience that helps businesses scale much faster.  Read more to know about it!  Friction Points in the Traditional Payment Process You’re likely familiar with the friction that traditional payment methods can cause. Processing checks and cash creates lags in settlement times. Credit card payments involve lengthy steps of authorization and reconciliation.  The lack of data and insights on transactions also makes it hard to connect payments to customers. Not to mention the high processing fees that eat into margins. These pain points add up and end up directly impacting your business...

Security features of an eKYC solution that can streamline identity verifications

  As digitization is transforming the world at a faster pace, the security features of eKYC solution is streamlining the identity verification process. However, with increasing digitization, fraud risks are also piling up. But kudos to the eKYC solutions that help your business verify customers online regardless of the time and location. Without any human intervention, the process is performed automatically in alignment with the compliance regulations. eKYC helps you in onboarding customers easily and quickly. Certain security features support your business in making the customer onboarding process trouble-free. In this article, you'll witness robust eKYC security features that help prevent fraud using various techniques. These advanced features using cutting-edge technologies benefit your business by reducing human errors and ultimately contributing to providing top-notch security to your customers. So let's start to know more about these in detail. Face Matching Face sca...