FastSpring’s Post

Skipify and Visa Partner to Extend Reach and Capabilities of Skipify's Connected Wallet. Skipify, a leading financial technology company redefining the checkout experience, announced its partnership with Visa, a world leader in global payments technology, through the Visa Digital Commerce Program. Through this effort, Skipify aims to reinvent the way consumers transact, leveraging cutting-edge technologies to simplify and accelerate the payment process. By combining Visa's extensive digital payments expertise with Skipify's next-generation digital wallet, Skipify is poised to deliver unparalleled convenience and security to consumers at checkout. In early phases of the partnership, Skipify customers in a growing list of global markets will be able to link Visa Click to Pay cards with their Skipify Connected Wallet. Skipify's next-gen digital wallet is embedded by merchants to help ease the challenges of checkout commonly experienced by shoppers and increase the rate of conversion. Source: https://lnkd.in/eJA9Ft42 Sign up for more news updates like this in our daily newsletter: https://lnkd.in/eskQx7Ym #fintech #visa #partner #partnership #financialtechnology #financialservices #financialsolutions

It feels like another day when I walked into a room with seven other folks to talk about this special project. We sat there looking at each other for several minutes. We were from very different parts of the company, tasked with building something that did not exist in the industry. No material existed in the Financial Services industry on it. You could not read about it, discuss it, question it, or form an opinion on it. What followed were several animated, fiery conflicts—yet we somehow, gracefully and graciously, came up with a solution over several days! Tokenization at Visa was finally launched in 2014 with Apple Pay, the platform that brought forth Digital Payments. Rapidly building the Visa Token Platform—one use case, one market, one client—has been a masterclass in grit, determination, rejection, resilience, and immense collaboration among the collective geniuses of people. As Token at Visa reaches 10B across 200 markets, generating $40 billion in incremental e-commerce globally, I feel immense pride. But more than that, I feel immense gratitude for the opportunity to have worked with some of the brilliant minds in that space and to build a product of consequence. Today, even in my small hometown in India, a vendor at a makeshift shop can accept digital payments. Payments happen as they should—from the phone, with a text, sometimes a QR, sometimes an OTP. We take it for granted. I don't! Here's to 100B! ---- Thank You Mark Nelsen Ansar Ansari, Sayeed Mohammed, Eduardo Lopez Evelyn R. Loran Barbara Patterson Ivy Lee Mehret Habteab Chris Jacobs Dmitri Bannikov Deepak Tomar Ramesh Shankar David Wilson Bharat Melag Chris Jones Bharatkumar Patel Pankaj Rajurkar Glenn Powell Alan Johnson, Sheldon Banow Meselech Haile-Michael Phill Lavender Brandon Haenlein Mujeeb Mohammed Pradnesh Kulkarni Ranjit Bhaskar Chetan Jhaveri Vishwaa Vaidya Sramana Chakraborti Nimish Shah Frederick Liu Ritambhara Chatterjee John Sheets Oleg Makhotin Erick Wong Alesia Siuchykava Rachel Robertson Moore Astrid Wang-Reboud Arti Mehra Martha Talens Cavett Harini Tokala and several more! https://lnkd.in/gqyJSHeX

Network Tokenization is the wayforward for fraud reduction, success rate uplift, revenue growth and desired customer experience.

Hot Sale is the biggest digital commerce event in Mexico, bringing in millions of dollars in online sales and attracting consumers with special payment conditions. This year, it happened in May and some EBANX merchants reached an average increase in daily sales volume of over 80% compared to the other days of the month. According to EBANX experts, Hot Sale is a great benchmark of consumer payment behavior: in this edition, installments proved to be a powerful driver of sales, while alternative methods, such as wallets and instant payments, showed consistently strong performance. Take a look at some payment highlights: #payments #installments #mexico #ebanx

Last week, we gathered part of our APAC team and merchants in Bangkok 🇹🇭 for our Payments Summit. We discussed the latest trends of Cross Border payments in rising markets, such as Pix Automático use cases, the new regulatory framework in India, the evolution of consumption power in Egypt, Nigeria's next huge payment player, and many other topics. I had the chance to talk about where and what Gaming companies should focus to succeed in rising markets, and here are some of the highlights: 🌎 The power of the "non-obvious markets": when it comes to geographic expansion, merchants usually think about Brazil and Mexico, which combined represent a USD 5B opportunity (what's huge!), but usually neglect Colombia, Peru and the "smaller" markets (Central America, Bolivia, Ecuador, Paraguay, Uruguay), which combined represent a USD 7.8B opportunity! 💳 Ensure you are using all the capabilities of a payment method: enabling cards in Brazil and not enabling installments is almost like driving a sports car with the speed limiter always on - you are just not getting the full potential. Quick real-life example: one of our merchants decided to enable installments in Brazil, and they saw their AOV grow 126%. Simple as that. 🪪 Optimize your checkout: you should always aim for scalable rollouts, but a "one size fits all" checkout will just get you to the average conversion. One of our merchants used to have 10 different fields to generate a PIX payment. We managed to reduce it to 4, and they saw their conversion rate grow by 14 percentual points. This was the third stop of our Payments Summit World Tour, next and final stop: São Paulo 🇧🇷! #EBANX #Payments #APAC

In this era of spontaneity and limitless choice, a unified commerce solution is key. Check out my latest blog post for Visa Acceptance Solutions here. https://vi.sa/4a6yfxz #VisaAcceptanceSolutions #UnifiedCommerce #DigitalPayments

Brazil's instant payment system Pix is a worldwide phenomenon, and we all know it. Now, it is set to surpass credit cards as the most widely used payment method in Brazilian digital commerce by 2025. According to exclusive data from EBANX by PCMI, Pix will account for 44% of all value transacted in online purchases in the next year. The growth of Pix on digital, which already accounts for 14% of all instant transactions worldwide, has been driven mainly by retail and travel, the two largest digital verticals in Brazil. As Sebastian Fantini, Product Director at EBANX, explains, Pix has been serving as a gateway to digital commerce: EBANX internal data shows that 95% of people who made their first purchase at one of its partner's online stores paid with Pix. "It's positively impacting not only the financial and digital inclusion of Brazilians but also the businesses of merchants who offer this payment method to their customers," emphasizes Fantini. #payments #pix #brazil #digitalcommerce #brazil

𝐘𝐮𝐧𝐨 𝐚𝐧𝐝 𝐌𝐚𝐬𝐭𝐞𝐫𝐜𝐚𝐫𝐝 𝐋𝐚𝐮𝐧𝐜𝐡 𝐂𝐥𝐢𝐜𝐤 𝐭𝐨 𝐏𝐚𝐲 𝐭𝐨 𝐁𝐨𝐨𝐬𝐭 𝐄-𝐂𝐨𝐦𝐦𝐞𝐫𝐜𝐞 Yuno, a global payment provider, has partnered with Mastercard to launch the Click to Pay checkout solution across 40 international markets, to improve e-commerce transactions and reduce cart abandonment rates. The partnership, will enable merchants to offer customers a simplified, secure payment process that requires only a few clicks to complete purchases, using Mastercard's brand recognition to boost consumer confidence and drive sales worldwide. The collaboration extends beyond basic payment processing, as it addresses challenges faced by businesses expanding into new markets where brand recognition may be limited. By launching Click to Pay solution, merchants can provide their customers with a globally recognized, friction-free checkout experience while ensuring compliance with local regulatory requirements. #ECommerce #ClickToPay #FintechInnovation #DigitalPayments #GlobalCommerce

🌟 Creating a Marketplace for a Portuguese Bank, fully customized and integrated with a headless ecommerce product! 🚀 Our specialized teams created a marketplace for one of Portugal's biggest banks, which the bank plans to make available to its clients in order to leverage the usage of credit products in the purchase of goods from partners joining this marketplace. We were tasked with defining and creating the MVP and developing a robust, future-proof solution for the architecture and integration with pertinent services for the ecosystem, working with their business professionals. This involves comparing headless e-commerce market options to ensure the best fit for the established goals. Everyone collaborated in a team setting using an agile methodology, constantly offering insightful feedback and recommendations that proved to be crucial in achieving the intended MVP. 🚀 👏 We are grateful to our teams for their dedication, optimism, and spirit of perseverance. 🌈 #BankingInnovation #Marketplace #TeamWork #ContinuousImprovement 🌟 #Agility #Architecture #Delivery #HeadlessEcommerce

🌟Latin America: The Digital Payments Powerhouse 💳🌎 📈 Key Points: • 7 out of 10 Latin American adults embrace digital payments. • Cash usage is declining rapidly. • Brazil's Pix system leads the way with 160M+ users. • Brazil's digital commerce surged, capturing over half of the region's market share. • Ebanx predicts Latin America's digital commerce to nearly double by 2026. Latin America is not just witnessing a digital revolution; it's leading it. As Mexico, Colombia, Peru, and other nations experience exponential growth rates in digital buyers, the region's potential in the global payments landscape is limitless. Let's ride the wave of innovation together! #DigitalPayments #LatinAmerica #Innovation