1. Agile Payment Strategies to Accelerate
E-commerce Growth
An Enterprise Web Solutions Company

2. Agenda
 Introduction to E-payment
 Why E-Payment Methods
 Various E-Payment Methods
 Strategies
 Trends
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3. Introduction
 Presence of digital goods has given rise to commerce applications,
encouraging deployment of electronic payment systems
 Payment system provides a channel to transfer value between
different parties
 Many variants like smart cards, credit cards, etc. have been
introduced, which has facilitated use of online payment systems
Principal steps of Online Payment Processing:
• Authorization
• Settlement
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4. Why E-Payment Methods?
 Enable sellers to accept electronic payments
 Ensure privacy of customers
 Connect merchants, customers, and banks through secure online
transactions
 Integrate with existing and evolving systems
 Make payment process simple and fast
 Help in instant purchasing
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5. Online Payment Process
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6. Better Experience For Customers
Customers can:
 Get better knowledge about products before actual trade
 Easily explore products and services for better prices
 Receive better customer service after purchase
 Enjoy an interactive buying experience
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7. Traditional Payment Methods
Personal Checks Drafts
Traditional
Payment
Methods
Money Orders Cash
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8. Online Payment Gateways
E-payment systems have become familiar among consumers as technology and security
has progressed through time, enabling them to purchase products or services online.
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9. Various E-Payment Methods
Online payments allow transactions
to be completed more rapidly as
compared to traditional ones. Such
payments allow purchase and
payment of products or services
Credit/Debit Digital anytime, anywhere.
Card Currency
E-Wallets Smart Card
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10. Payment Related Terms
• Detection, prevention, and management
Fraud Management of fraudulent activities
Payment Options • Options for making a payment
• Consolidated and harmonized set of
Regulatory
compliance controls for smooth online
Compliance payment transactions
Local Currency • Availability to choose currency for
Pricing payment of products and services
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11. Strategies For International Commerce Channels
Diverse Payment
Options
Fraud
Business
Management &
Analytics Insights
Handling
Strategies
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12. Trends
Number of respondents
80%
70% 67%
Retailers are migrating
60%
toward hosted payment
50%
pages that will help
40%
them avoid handling
30%
20%
19.3% identifiable consumer
10% 6.40% 5.50% information.
0.90% 0.90%
0%
Fraud Rate
Survey on online sales fraud - An Internet Retailer survey shows a drop in
online frauds for 13% of web merchants. Source: Internet Retailer
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13. Trends
How can the retailers enhance shopping experience of their international
customers?
Payment type preferences
Language translation
Ability of the customer to see the
final cost in local currency
Legal and regulatory concerns
Fraud management
Customer service and returns
0% 5% 10% 15% 20% 25% 30% 35% 40% 45%
Respondents were asked to select major challenges in selling online
overseas, and 41% chose customer service and returns. Source: Internet Retailer
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14. NVISH USA OFFICE NVISH UK OFFICE NVISH INDIA OFFICE
5201, Great America 81 Oxford St. London DLF Info City
Pkwy, Suite 320 W1D2EU, First Floor, Tower E
Santa Clara, CA 95054 United Kingdom Chandigarh Technology Park,
Phone : (+1)-408-730-2615 Phone : (+44)-207-993-4843 Chandigarh 160101
Phone: (+91)-172-433-7713
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