Pay-by-bank payments are emerging as a significant trend. Their simplicity, convenience, and high level of security make them a popular choice among merchants and consumers. So, let’s take a look at the Pay-by-Bank technology and see how it works step-by-step. The principle behind Pay-by-Bank Pay-by-bank payments are driven by the open banking concept and modern […]
Mobile commerce (m-commerce), accounting for over 50% of e-commerce sales, has emerged as a critical channel for online business. It’s convenient, simple and allows to make purchases on the go. However, you can quickly lose customers if you fail to deliver the expected swift shopping journey. This article will tackle a key stage of the […]
The e-commerce landscape continues to expand, changing the way consumers around the world shop and interact with brands. As the digital marketplace grows, understanding the nuances of e-commerce in different regions becomes critical for companies looking to capitalise on global opportunities. This article examines e-commerce market trends and consumer behaviour in key regions, providing insight […]
Sometimes, transactions go through quickly, and sometimes, they take several days. What are the factors affecting processing time, and is there a way to speed up the payment? Let’s address these questions in the following article. #1: Transaction volume High transaction volumes can overload payment systems, leading to slower processing times. This is especially true […]
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 […]
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 […]