Leading Mobile Payment Apps That Have Revolutionized Shopping- Part 1
As consumers become increasingly reliant on their mobile phones for all aspects of their daily lives, the progression into mobile payment adoption is a natural next step. Retailers already geo-target their customers when they are in the vicinity of their stores: they send targeted text messages with special offers that entice customers into making a […]
New System to Automatically Update Mobile Money Payments for the Airline Industry
Leading Pan-African online and mobile payments provider, 3G Direct Pay Group (3GDP), has partnered with cloud reservation system, AeroCRS, to launch an advanced mobile money solution that enables airlines in five African countries to accept payment for reservation and issue tickets real-time. The new solution directly connects mobile money wallets to the airline reservation system, […]
Merchant Account Services: 7 Reasons to Work with a Payment Service Provider
When launching a new e-commerce website, one of the first decisions companies must make is regarding the selection of a payment processor. But should online businesses partner with a payment service provider (PSP) or work directly with an acquirer (payment processor)? While both options are valid, working with a PSP like 3G Direct Pay is […]
Understanding the African Travel Payments Ecosystem
Check out this presentation to learn about the recent changes, the current trends, and the future of the African Payments industry. Understanding the African Travel Payments Ecosystem from Eran Feinstein
Understanding Dynamic Currency Conversion
Dynamic currency conversion allows people who are traveling abroad to pay for services and items in their own currency. Check out this presentation to find out how dynamic currency conversion works and what its benefits are for merchants as well as for cardholders. Understanding Dynamic Currency Conversion from Eran Feinstein
5 Ways to Make Sure You Get Approved for a Merchant Account
Even though your application for a merchant account with the acquiring bank is done on your behalf by your payment service provider, the process can still be a challenge. But not to worry – there are ways to increase your chances of being approved for a merchant account quickly and without any hiccups. Applying for […]
How Merchants Can Recapture Lost Revenue from Declined Transactions
There are few things more annoying and troubling for merchants than declined transactions. According to MasterCard, decline rates for recurring card billings average 25-30% – that’s a huge amount of revenue being lost. The cost of acquiring a new customer is 5 to 10 times more expensive than retaining an existing one, so this activity […]
How Can Africa Prepare For the Credit Card Boom?
It doesn’t take a crystal ball to know that credit card usage in Africa is about to increase significantly. The credit card companies themselves are investing heavily in cashlessness in Africa. Such a financial eco-system is appealing to them, and they are hedging their bets between government deals and “small-scale retail.” As MasterCard’s sub-Saharan Africa […]
How Social Media Has Affected the eCommerce and Payment Industries
Online commerce and payments have grown significantly since their beginnings, and they are continuously advancing as technological developments take leaps forward. The history of ecommerce began as we know it in 1991 when the Internet first opened for commercial use. Online store websites launched and initially accepted payments performed through EFT (Electronic Funds Transfer) and […]
Top 5 Reasons Online Businesses Should Use a Hosted Payment Page
Merchants can either create a payment page from scratch or integrate a secure hosted payment page into their sites. Creating a dedicated payment page requires time and resources that many small merchants cannot afford that include obtaining PCI certification, design, development, integration with multiple payment methods, and liability costs. Working with a payment service provider […]