Pay By Bank – The Revolution Changing the Face of Payments
Thank you to Finance Derivative for publishing our COO, Delia Pedersoli’s article on this game-changing payment trend!
Delia’s article explores the growing prominence of alternative payment methods (APMs), with a focus on the emergence of Pay By Bank. It provides an overview of how Pay By Bank offers a seamless transaction experience for consumers and significant benefits for merchants.
Pay By Bank simplifies payments by allowing users to authorise transactions directly from their mobile banking apps, without additional downloads. This convenience, coupled with enhanced security, appeals to consumers prioritising mobile payments.
For merchants, this alternative payment method presents compelling advantages. By eliminating interchange and scheme fees, it delivers substantial cost savings compared to traditional card transactions. Real-time processing ensures quicker access to revenue and reduces fraud risk.
Aligned with the preferences of today’s ‘zero consumers,’ Pay By Bank fosters positive brand perception and loyalty by streamlining the payment process. It also provides valuable data insights for targeted marketing.
