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Chargeback claims are a fact of life in e-retail, but that does not mean you should consider them as inevitable costs of doing business. Designed for consumer protection, chargebacks can severely harm your business. And when you are expanding to new geographical markets, the increased complexity of your operation will increase the risks.
The culture of paying for any type of goods via affordable financing plans was born in the 1980s. With rampant inflation in Brazil, local merchants began to offer payment plans to consumers at the point of sale, with lower interest rates than those offered by credit cards.
Last week, after a very interesting Opening Conference led by Maud Bailly, AccorHotels' CDO, Marc-Henri Desportes, Worldline's Deputy CEO, Pascal Mauzé, Worldline's Head of Sales & Marketing, and Worldline Experts, Fintech startups challenged themselves during 48 hours to deliver solutions for Worldline clients using Worldline assets during the e-Payments Challenge Hackathon.
Vending machines and unattended payments have long been associated with low cost transactions. From sodas and snacks to even buying a postcard from your trip to the seaside, they can be found everywhere.
The new normal for expected digital payments’ (payments other than cash and checks) growth numbers in India seemed unreal until recently. In a recent report, Credit Suisse estimated that digital payments in India would reach $1 trillion in FY23 with mobile payments accounting for $190 billion, the estimate for 2018 is $10 billion.
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