![]() ![]() Riyadh/Dubai: To enhance the electronic payment throughout Saudi Arabia and reduce the dependence on cash, High-tech Payment Systems (HPS) has been appointed by Saudi Payments, a fully owned subsidiary of Saudi Arabia Monetary Authority (SAMA), to provide a unified QR code platform to enable banks, wallet providers and FINTECHs to interact seamlessly within an interoperable platform. To enhance the electronic payment proliferation.To know more about HPS and PowerCARD capabilities, please contact. ![]() With HPS, you can quickly deliver relevant and innovative payment solutions to stand out in today’s crowded market. By leveraging HPS digital payments platform, the customer experience can be tailored to strive on your market, both for the issuing and acquiring. HPS’ fully digital payment platform enables flexibility and scalability to meet your unique payment needs. Merchants can take advantage of instant/same-day settlement, accepting all forms payments including Tap & Go or QR codes, as well as offering Click & Collect. Your customers can access innovations such as BNPL, Tap & Go, instant self-servicing, and the ability to split and pay bills in real time. PowerCARD is the HPS digital payment platform that covers the entire payment value chain to robustly process any payment transaction, from any channel, initiated by any means-of-payment, anywhere in the world. Numberless cards, instant payment, virtual cards, AI and voice payment are just a few examples of innovation, in addition to accessibility and security for all with one-time PIN solutions.Įssentially, you can create your own payment experience through HPS’ PowerCARD. credit, debit, prepaid, corporate or fleet) as either virtual or physical cards, mobile wallets or smart objects. You can manage any card, alternative payment means and/or accounts in real time, as well as instantly launch any product (e.g. HPS technology allows you to shape your unique digital card experience. Innovating today to create tomorrow’s payment experience: Offer digital and mobile products such as virtual cards, numberless cards, instant payment, AI, voice payment, accessibility and security for all with one-time PIN solutions, next generation and digital onboarding, BNPL, wallet, real-time or extended controls.Keeping up with changing market dynamics and improving Time To Market: Adapt dynamically to any market or regulatory changes with the ability to quickly launch new digital products, tokenization, virtual cards or alternative payment methods.Optimizing and securing your business: Generate new revenues by addressing several segments, creating sophisticated business models, launching new and competitive products - while keeping costs down.Payments providers can offer simple, seamless and secure payment experiences Designing and providing the best Customer Experience: Avoid churn, retain existing customers and attract new ones by leveraging on uniqueness, hyper-personalization and a feature-rich digital payment experience.There are a number of advantages when adopting an innovative digital-first strategy: One thing is certain, digitisation is the key to success. While it is not expected that any single payment solution will dominate the market in the near term, modern payment technologies will become more and more imperative in delivering innovative solutions that can be tailored to the customer market and allow you to stand out in today’s crowded market. For example, more than two-thirds of Americans expect to have a digital wallet within two years, while those reporting an interest in using BNPL facilities have increased to 15%, up from 11% in 2021. This covers a number of high-profile payment vehicles. ![]() In 2022, penetration of digital payments went up to 89% and those respondents using two or more forms of digital payments grew to 62%, up from 51% in 2021. The McKinsey 2022 Digital Payments Consumer Survey shows that almost nine out of ten Americans are currently using some form of digital payments. A recent survey from McKinsey shows that US consumers are increasing their use of digital payments in a variety of ways, which can lead to a variety of new opportunities for providers. Constant change in the North American payments landscape is a given, yet the COVID-19 pandemic has accelerated a shift to more modern channels. ![]()
0 Comments
Leave a Reply. |