Ecommerce has continued to grow steadily in Spain, except during the pandemic, which has already been overcome in terms of online shopping. Ecommerce has been making inroads among the Spanish for over two decades. In 2000, it was a marginal and niche activity. Now it is almost universal. Almost all Spaniards with internet access shop online […]
Real-time payments have become one of the most noteworthy innovations in the financial industry. Their growth in recent years has been significant thanks to the possibilities they offer companies, especially in customer relations.
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.
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.
APIs are an essential tool to boost the mobile payment market. Companies are able to easily implement complex financial solutions from other businesses, which were outside their reach until recently. Here is a list of entities with interesting API catalogs for mobile payments.
What is the current status of smartphone payments? Which companies are contributing the most to this new path of business? And what role can APIs play in the ecosystem of mobile payments?
What is the current status of smartphone payments? Which companies are contributing the most to this new path of business? And what role can APIs play in the ecosystem of mobile payments?
A few days ago at Revolution Banking 2016, I had the chance to meet with other professionals in the sector and discuss Open APIs, open bank API platforms and of course the potential impact of the European Directive on Payment Services (PSD2) on the future of the financial and payments sector.
