At the core of all payments in Europe is the Single Euro Payments Area (SEPA), a pioneering initiative designed to make cross-border electronic payments as easy, efficient and secure as domestic ones. Understanding SEPA is essential for consumers and businesses alike, as it directly impacts how you conduct transactions across Europe. In this article, we […]
The number of online payments is growing every year. That said, credit card penetration remains very uneven. In countries like Israel or Canada, the rate exceeds 74%, while in Bangladesh, it remains at around 1% (source: Statista). Such numbers show that introducing alternative payment methods is not just an option but a must if you […]
In an attempt to gain the favour and loyalty of customers, businesses are coming up with more and more new solutions. Among the fruits of these efforts is Pay-by-Bank – an innovative alternative to traditional payment methods. This technology, which promises speed, security and convenience, has already gained a lot of popularity. However, like any […]
In 2023, we at Payop worked on setting up internal processes and expanding our team. A significant part of these efforts was to reorganise and strengthen our account management department. Now, each merchant has a dedicated account manager working under the guidance of Team Lead Iryna Pikhotska. In this short interview, Iryna explains how the […]
Open banking is reshaping the financial landscape, offering unprecedented opportunities for innovation and customer service. But how does it differ around the world? This article explores the regulatory landscape of open banking, providing insights into how different regions approach this transformative concept. In this article: → Open banking regulations in Europe → Open banking regulations […]
Retailers face a number of payment-related challenges all the time. For instance, a difficult checkout flow can lead to cart abandonment and, as a result, revenue loss. However, according to Baymard, an optimised checkout could increase conversion rates by up to 35,26%. So let’s look into the most universal issues and find out how you […]
Last week Payop team attended ICE London 2024, a big event for the gaming and fintech sectors. ICE London is known for bringing together experts and companies from around the world to discuss the latest trends and technologies in gaming. As a payment processing solution for various industries, including online gaming, Payop took this opportunity […]
With the variety of payment schemes used for international transactions, it is easy to lose track of what is what. To keep things simple, today we will focus on three schemes – SWIFT, SEPA and Faster Payments – their differences and where Payop’s Pay-by-Bank falls among these three acronyms. SWIFT payments Let’s start with SWIFT […]