Retailers benefit from new digital payment solutions

Retailers benefit from new digital payment solutions

Accept payments quickly and conveniently thanks to new digital payment systems.

«Digital wallets» are electronic wallets that can be used with all mobile devices such as tablets, smartphones and computers. The advantage for users: all the customer’s details are already stored and a simple click enables secure and fast payment with all major credit cards – online and soon also in-store.

Strategic partnerships with the credit card giants

MasterCard and Visa are using their new digital payment solutions in response to the needs of retailers and consumers. With their MasterPass and Visa Checkout solutions, they are simplifying the entire payment process. Only a one-time registration is required to use these digital wallets.

The digital wallets of MasterCard and Visa store customers’ payment and delivery details in compliance with the highest security standards. Time-consuming multiple entries of data are now a thing of the past. The relevant data is automatically transmitted to the retailer during the payment process. The payment process is thus reduced to only a few clicks, much faster and easy to use. Abandoned purchases are also significantly reduced, thus increasing the conversion rate and turnover.

Samsung Pay and Android Pay will make use of the same infrastructure as MasterPass and Visa Checkout in the future, boosting acceptance of the two digital wallets, not only online but also at the POS. With the cross-channel standardisation of the payment process, e-wallets will simplify the realisation of an omni-channel sales strategy significantly for the trade. 

Seamless shopping experiences across all sales channels

Bundle your sales channels into a strong, innovative omni-channel approach and make your online and offline business a genuine success. SIX will support you across all channels – from strategy to the first payment.

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