Pay with Bank transfer’s Post

Open banking enables ecommerce merchants and retailers — from multinationals to one-man bands — to save money on transaction costs compared with cards. Richard Mould, OBL Senior Policy Manager, explains how in Mediaplanet UK's #RetailandEcommerceCampaign. Read more >> https://bit.ly/3Pw9FNo #openbanking #openfinance #TechInRetail #InnovativeRetail #retail #ecommerce

Open banking is a secure and convenient way for consumers and merchants to make and take payments, offering a next-generation ecommerce experience. Richard Newman, OBL Director of Corporate Affairs, explains how in Mediaplanet’s Future of Retail & Ecommerce supplement. Read the article → https://lnkd.in/ejseW66d #OpenBanking #OpenFinance #SmartData #Innovation #RetailTech #RetailInnovation #Payments

In July 2023, 11.4 million Open Banking payments were processed. 💰 This reflects a 9.3% increase in total payments versus the previous month. 📈 A key takeaway for those in ecommerce: "Open banking’s impact on online shopping, especially in e-commerce, is notable. Vendors, in particular, benefit from cost savings on card transaction fees. While currently more prevalent in e-commerce, this payment option lets vendors confirm receipt of funds before releasing goods, enhancing financial security and potentially transforming vendor strategies." Source: https://lnkd.in/ea97_-Js #ecommerce

"Empowering E-commerce: How Open Banking is Revolutionising Transactions & Checkout Experiences 🛍️💳 In the world of e-commerce, staying ahead means embracing innovation. Open banking is transforming the way online businesses operate, offering a wealth of opportunities to streamline transactions and enhance customers' checkout experiences. Join us as we delve into the transformative power of open banking for e-commerce businesses: Seamless Transactions: Say goodbye to clunky payment processes. With instant bank pay, e-commerce platforms can offer seamless transactions, allowing customers to pay securely and effortlessly with just a few clicks. Enhanced Security: Security is paramount in e-commerce. Instant pay by bank brings robust security measures that protect sensitive financial data, giving customers peace of mind while they shop online. Personalised Experiences: Get to know your customers like never before. Open banking enables e-commerce businesses to access rich data insights, allowing for personalised shopping experiences tailored to each individual's preferences and behaviour. Faster Checkout Experiences: A credit card is not needed at the checkout. Open banking accelerates the checkout process, reducing friction and abandonment rates, ultimately leading to higher conversion rates and increased revenue. Global Reach: Break down barriers and expand your reach. With open banking, e-commerce businesses can seamlessly accept payments from customers worldwide, tapping into new markets and driving growth. Innovative Payment Options: From buy now, pay later schemes to subscription models, open banking opens the door to a wide range of innovative payment options, catering to diverse customer needs and preferences. Experience the Future of E-commerce Checkout: Are you curious to see open banking in action? Contact us at info@securemt.co.uk to check out our demo. Join the open banking revolution and elevate your e-commerce business to new heights. #OpenBanking #Ecommerce #Innovation #DigitalPayments"

For people who are following #openbanking as a payment gateway and #ecommerce future this article touches on the pros and cons of Open Banking for e-commerce merchants. If the technology providers i.e. banks and technology providers i.e. integrators get the user experience as simple as it can be, then the OPEN BANKING payment will be the preferred payment method for merchants. Open Banking Expo thanks for sharing.

Open banking is more than a buzz word. Whatever you call it - bank to bank payments, A2A payments, pay by bank, or instant bank payments, major e-commerce players are eliminating the need for a physical card at checkout, providing a faster, more convenient consumer experience. Learn how companies like Amazon are moving toward embedded payments.

Open banking is more than a buzz word. Whatever you call it - bank to bank payments, A2A payments, pay by bank, or instant bank payments, major e-commerce players are eliminating the need for a physical card at checkout, providing a faster, more convenient consumer experience. Learn how companies like Amazon are moving toward embedded payments.

Open banking is more than a buzz word. Whatever you call it - bank to bank payments, A2A payments, pay by bank, or instant bank payments, major e-commerce players are eliminating the need for a physical card at checkout, providing a faster, more convenient consumer experience. Learn how companies like Amazon are moving toward embedded payments.

Open banking is more than a buzz word. Whatever you call it - bank to bank payments, A2A payments, pay by bank, or instant bank payments, major e-commerce players are eliminating the need for a physical card at checkout, providing a faster, more convenient consumer experience. Learn how companies like Amazon are moving toward embedded payments.

Open banking is more than a buzz word. Whatever you call it - bank to bank payments, A2A payments, pay by bank, or instant bank payments, major e-commerce players are eliminating the need for a physical card at checkout, providing a faster, more convenient consumer experience. Learn how companies like Amazon are moving toward embedded payments.