How can ecosystems in payment technology surface the power and value found in the use of APIs to enrich the merchant offer and customer experience? From enabling alternative payment systems driven by QR codes to digital receipting that reduces environmental waste, joined up services driven by APIs are everywhere.
Discover how Worldline through Ingenico has managed to significantly reduce the environmental footprint of its payment terminals through its eco-design approach, at the heart of its CSR strategy.
The eco-design of payment terminals is not a “nice-to-have” anymore. It is an obligation for every sustainable and responsible company. At Ingenico, a Worldline brand, we have put in place an innovative and preventive product-oriented approach to protecting the environment. Being the leader in payments starts with an eco-responsible attitude.
The digitalisation of payment has accelerated the move to cashless transactions. Even before COVID-19, contactless payments were on an upwards trajectory, facilitating a shift towards cashless countries. This evolution is not as far away as you might think, with Sweden already poised to stop accepting cash in businesses in 2023.
New technologies usually crush existing ones; the metal tool supplanted the stone axe, the video tape fell to the DVD, then Blu-Ray and now streaming services. Does the use of COTS devices for payment ring the imminent death knell for the dedicated payment terminal?
When we think about financial inclusion, it’s tempting to associate it with poorer populations in emerging countries where cash is still the driver for a high percentage of transactions. Even though 43% of sub-Saharan Africans have an account at a bank or with a mobile money service provider(1), the vast majority of purchases are still completed using cash. In Nigeria, for example, the rate is 95%.
In today’s fast-moving world, convenience and security are essential to success in payment. This has become even more relevant in the face of unpredicted challenges posed by the post-COVID ecosystem we now find ourselves in. Many behaviours have been impacted by the crisis, compelling consumers and merchants to move away from the physical world of commerce. In this article, we will focus on the Polish market, where these changes have been clearly demonstrated through dedicated studies.