In-store Account Based Payment
A convenient and secure payment method relying on PSD2 Payment Initiation Service
In-store account based payment
is a new way to pay for products in physical shops. Based on a credit transfer, it allows to pay at the terminal without the use of plastic cards or the involvement of other domestic or international schemes.
All that customer need is tap a phone on a terminal (for NFC) or scan a QR code, confirm a payment and enjoy it’s shopping.
In-store Account Based Payment which benefits ?
For consumers
Seamless shopping experience
Full control of the payments
Data security and data protection
For merchants
High conversion rate
Low processing costs
High security and fraud reduction
For Payment Service Providers
New markets and customer segments
Low processing costs
Support omni-channel approach
Customer journey
The best user experience plays an important role for the optimal conversion rate of the shopping event. The payment step is optimised for the appropriate sales channel (online or instore) and is strongly supported by the usage of the mobile device.
