BlueSnap has launched a next-generation global payment gateway that makes mobile checkout frictionless for consumers and integration to the platform simple for online merchants.
Online and mobile payments worldwide may reach three trillion Euros by 2018, with m-payments outpacing e-payments and the total payments market. The Asia-Pacific region, particularly China, is expected to overtake North America to be the largest online retail market within a few years.
A common trend emerging in Latin America (LAC) is increased use of mobile devices for payment in online shopping, with close to a quarter of online payment users already having paid with smartphone at least once.
Global online and mobile payments worldwide may reach three trillion Euros by 2018. Mobile payment outpacing online and the total payments market.
Digital River, a leading global provider of Commerce-as-a-Service solutions, announced an expansion of its Brazil payments offerings through a partnership with Ebanx cross-border payments processor. The joint Digital River and EBANX offering will provide companies of all sizes a turn-key solution for processing local online payments, including installments. The partnership allows merchants to process payments online through a direct API or a hosted payment page; increase authorization and conversion rates; consult with Digital River’s support staff; and access payments tools for processing and authorization.
Worldpay Group acquired Cobre Bem Tecnologia, giving its customers access to a wide range of payment products. Cobre Bem is a payment service provider that offers single point access to popular local payment methods in Latin America, including eight different credit/debit card types and more than 20 banks for direct online transfers, direct debit and Boleto Bancario. Cobre Bem will continue to operate its current business model, and the existing Cobre Bem management team will join the senior leadership of Worldpay’s eCommerce business unit.
Worldpay Group announced that it has acquired Cobre Bem Tecnologia payment solutions. Worldpay’s eCommerce division will further strengthen its global reach, giving its customers access to a wide range of payment products in Brazil, Argentina, Colombia, Chile and Mexico. Cobre Bem is a payment service provider that offers single point access to popular local payment methods in Latin America, including eight different credit/debit card types and more than 20 banks for direct online transfers, direct debit and Boleto Bancario. Cobre Bem will continue to operate its current business model, and the existing Cobre Bem management team will join the senior leadership of Worldpay’s eCommerce business unit. In addition, Worldpay has committed to further investments in Cobre Bem’s technology and product offering, as well as to bringing Worldpay functions such as Relationship Management, Corporate Support and Implementation to Sao Paulo and Buenos Aires – guaranteeing a consistent customer engagement model around the world.
Computop PSP made available its Computop Paygate 6.0. This latest version of the company’s multichannel global payment platform offers new features and functionality that make it even easier and faster for merchants to conduct business both domestically and internationally, and is fully SEPA enabled in preparation for the pan-European payment harmonization initiative due to go live in February and August 2014. The release of Computop Paygate 6.0 extends yet further the choice of international and domestic alternative payment and processing methods available to support consumer preferences. Paygate 6.0 sees Computop significantly extend its local market presence in a number of key global territories.
Research and Markets announced “Latin America Online Payment Methods 2013 – Second Half 2013” report to their offering. The new Latin America Online Payment Methods 2013 – Second Half 2013 report indicates that online payment continues its growth in the emerging markets of this dynamic region. Because of the number of consumers who use mobile phones but have no relationship with a bank, mobile payments also have a great potential for growth. Development of online payments in Latin America is encouraged by increasing banking coverage of the population and growing acceptance of online shopping. Governmental regulations also are generally designed to stimulate growth. Local and international online payment service providers are increasingly active in the region: Brazil based MercadoPago, reached over 20 million transactions in Latin America in 2012, and US-based SafetyPay secured several millions USD investment from a World Bank subsidiary to facilitate online payments in Latin America. Mobile payment also has a great potential to develop in the region, driven by growing smartphone penetration.
Trak won the top award of $10,000 at Electronic Transaction Association (ETA) Conference 2013 annual meeting and expo that took place in New Orleans on April 30 to May 2, 2013. The ETA, which is the trade association of the global electronics payments industry, oversaw the E-Pay Innovation Award funded by the Bill and Melinda Gates Foundation. Boleto is a unique barcode payment ticket that contains the customer’s unique purchase data and Trak’s bank information. Boleto is emailed to the buyer’s smartphone instantly, after checkout. Consumers can go with the printed Boleto ticket or equivalent proof of the email to any Brazilian bank, selected post offices, lottery agents, as well as some supermarkets for cash payments. Electronic verification is sent to Trak by the payment provider and the customer’s order is released by the retail store for pick-up or delivery.
Maas Global Solutions, a leading provider of global transaction processing technologies and maxiPago! announced a partnership that includes the launch of a new “smart” payments gateway for Latin America. The platform connects to local card acquirers in Brazil like Cielo, Redecard, American Express as well as local payment methods such as Boleto Bancário and Online…
Ukash prepaid vouchers, supporting online shopping, is expanding to Argentina and Brazi. This will allow consumers in these respective countries to purchase vouchers from shops listed on Ukash’s website in increments of $20, $50 and $100. Valid for 12 months, the Ukash vouchers have unique 19-digit codes consumers- whom choose not to or can’t access…