Lack of confidence in the payment platform and slow processing are the two factors that most influence the abandonment of purchases from ecommerce. Two problems that can be solved thanks to APIs.

Banks have accelerated their digital transformation as a result of the COVID-19 pandemic. In this new ecosystem, open banking and integrated finance are booming, facilitating banking operations and improving the customer experience.

Confirmation of funds is a service regulated by the PSD2 Directive intended to find out whether a certain customer has enough funds in their bank account when making a charge using their credit card.

A new edition of the Secure Payments & ID Congress was held on November 17, an event dedicated to analyzing the current state of collection and payment services, authentication and identification processes, and fraud security and prevention.

A few years ago, Bank of Mexico implemented the SPEI payment system and the CIE agreements to facilitate bank transactions between individuals and to provide commercial operations with more information. We how they work here.

Alipay has become one of the most important and popular payment systems in the world. Owned by Ant Financial Services Group, a subsidiary of Alibaba, it currently has 1.3 billion users, becoming the most widely used platform globally to make cell phone payments.

Startups and existing companies in the process of digitization need a new set of digital tools to help them transform their businesses and get more in tune with their customers' needs. If possible, they should develop frictionless systems that do not create barriers to entry for the business, as occurs with some banking solutions.

Taking a customer through the entire buying process until it is formalized is an arduous journey and one that faces the constant possibility of the customer leaving. However, there are ways to make the buying decision happen if you are given facilities such as agile, secure financing.

Open banking is driving the development of new apps that are integrated into company platforms, all in an effort to offer banking services to customers. Thanks to APIs, any banking operation, such as opening an account, can be done without the need to exit an application.

Algunos estados han dado moratorias consideradas excesivas por los demás, mientras que las fintech se quejan de la lentitud de una parte de la banca tradicional en el desarrollo de funcionalidades clave de la directiva europea de servicios de pago, como el sistema de acceso a los datos de los clientes.