FSS (Financial Software and Systems) announced its e-Commerce Payment Gateway has been enhanced to support leading payment wallets — Apple Pay, Samsung Pay, and Google Pay — for online, in-app, and mobile purchases. The addition of new digital instruments is designed to help merchants meet the evolving needs of customers for new ways to pay and to boost online sales.
Mobile retail commerce sales by 2023, according to industry reports, would account for approximately 52% of total online sales. The recent enhancements help acquirers take advantage of this trend and boost conversions at checkout via the delivery of effortless payment experiences. Customers merely select their preferred Wallet at checkout, enter a biometric imprint or PIN, and the payment is done. There are no input-intensive forms to fill in or fumbling for a plastic card to enter the account number, card expiration, and security code.
Commenting on the enhanced capabilities, N Sathish, Dy Chief Product Officer FSS said; “The support for added payment instruments is timely as more merchants and consumers are adopting online payments due to the C-19 induced lockdown in most countries. The enhancements are in line with our objective to globally expand our white-label Payment Gateway footprint by bringing relevant innovations that deliver satisfactory, fulfilling payment experiences.”
“We are thankful for the support from Apple Pay, Samsung Pay, and Google Pay to help us bring safe, simple, and widely popular payment acceptance modes to the market;” added Sathish.
In addition to the Pays, the Gateway supports a breadth of alternate payment mechanisms including MADA (Kingdom of Saudi Arabia’s payment scheme), OmanNet (network for processing debit cards in Oman) Amazon Pay, Unified Payment Interface (India’s Instant payments scheme) to boost conversions at checkout.
FSS Payment Gateway supports 70 merchant acquiring institutions globally and processes 1 billion transactions annually. Acquirers can deploy FSS Payment Gateway in-premise or opt for an “As-a-Service” model, wherein FSS hosts the service on FSSNeT (FSS private cloud) and assumes responsibility for set-up, security, regulatory compliance, maintenance, and regular product updates.
