Publicación de Pai, Partner de Stripe

It is prime time for real-time payments. Last year, just under one-fifth of all electronic payments globally were real-time and accounted for 266.2 billion. By 2028, real-time payments are expected to account for 27.1% of all electronic payments globally according to new research by ACI Worldwide. Along the same line, it is quite striking to note that 10 years ago, there were only 14 countries with operational real-time payments schemes, whilst today, that number has skyrocketed to 80 countries worldwide. (💡Irina Chuchkina) Real-time payments facilitate immediate electronic transactions, enabling instant funds transfer and immediate availability to the recipient. The adoption of real-time payments (RTP) is driven by a strong demand for low-cost, convenient, and accessible electronic payment methods, among other factors. Real-time payments have opened doors to economic, competitive, and operational advantages globally. Merchants and consumers are increasingly embracing real-time payment solutions through apps, QR codes, and mobile wallets. Markets where real-time payments have become mainstream are now sources of valuable knowledge and experiences to share. The success of real-time systems like India’s UPI and Brazil’s PIX demonstrates the transformative impact and benefits of adopting real-time payments technologies. Their success has not only driven financial inclusion and digital adoption but has also sparked innovation in the fintech industry. These success stories encourage collaboration among stakeholders, including governments, financial institutions, and technology providers, to accelerate the adoption and evolution of real-time payments globally. This week, two great resources have been released: ◼️ACI Worldwide published a detailed report on RTP networks. The report includes a deep dive into 5 RTP markets that are leading the way in instant payments adoption, giving key insights into their global economic impact. A must read! Link to report: https://lnkd.in/gsPtMMAw ◼️ Volt.io published a comprehensive map of RTP networks across the globle. See graphic below 👇🏽 Link to graphic source: https://lnkd.in/e-eqBYc8 👉🏽#paymentsexperts, any insights to share🎤? --- 𝑳𝒊𝒌𝒆 𝒕𝒉𝒊𝒔 𝒄𝒐𝒏𝒕𝒆𝒏𝒕? 𝑯𝒐𝒘 𝒄𝒂𝒏 𝑷𝒂𝒚𝒑𝒓.𝒘𝒐𝒓𝒌 𝒉𝒆𝒍𝒑? 𝘞𝘦 𝘢𝘳𝘦 𝘗𝘢𝘺𝘮𝘦𝘯𝘵𝘴 𝘚𝘵𝘳𝘢𝘵𝘦𝘨𝘪𝘴𝘵𝘴 𝘤𝘰𝘯𝘯𝘦𝘤𝘵𝘪𝘯𝘨 𝘣𝘶𝘴𝘪𝘯𝘦𝘴𝘴𝘦𝘴 𝘵𝘰 𝘳𝘦𝘭𝘪𝘢𝘣𝘭𝘦 𝘍𝘪𝘯𝘵𝘦𝘤𝘩 𝘱𝘢𝘳𝘵𝘯𝘦𝘳𝘴. 𝘉𝘭𝘦𝘯𝘥𝘪𝘯𝘨 𝘰𝘶𝘳 𝘱𝘢𝘺𝘮𝘦𝘯𝘵𝘴 𝘬𝘯𝘰𝘸𝘭𝘦𝘥𝘨𝘦 𝘸𝘪𝘵𝘩 𝘰𝘶𝘳 𝘤𝘳𝘦𝘢𝘵𝘪𝘷𝘦 𝘧𝘭𝘢𝘪𝘳, 𝘸𝘦 𝘥𝘦𝘷𝘦𝘭𝘰𝘱 𝘴𝘵𝘳𝘢𝘵𝘦𝘨𝘪𝘤 𝘤𝘰𝘯𝘵𝘦𝘯𝘵 𝘢𝘯𝘥 𝘵𝘩𝘰𝘶𝘨𝘩𝘵 𝘭𝘦𝘢𝘥𝘦𝘳𝘴𝘩𝘪𝘱 𝘢𝘴𝘴𝘦𝘵𝘴 𝘧𝘰𝘳 𝘪𝘯𝘥𝘶𝘴𝘵𝘳𝘺 𝘭𝘦𝘢𝘥𝘦𝘳𝘴. 𝘞𝘦 𝘢𝘭𝘴𝘰 𝘥𝘦𝘭𝘪𝘷𝘦𝘳 𝘱𝘢𝘺𝘮𝘦𝘯𝘵𝘴 𝘵𝘳𝘢𝘪𝘯𝘪𝘯𝘨 𝘪𝘯 𝘰𝘶𝘳 𝘢𝘶𝘵𝘩𝘦𝘯𝘵𝘪𝘤, 𝘷𝘪𝘴𝘶𝘢𝘭𝘭𝘺 𝘦𝘯𝘨𝘢𝘨𝘪𝘯𝘨 𝘢𝘱𝘱𝘳𝘰𝘢𝘤𝘩. ✅ Follow Paypr.work [ˈpeɪpəwəːk] ✅ Let's collab 📧[email protected] ✅ Visit: https://paypr.work #fintech #paprwork #paymentsinfographics

The European payment landscape is undergoing significant transformation, rapid growth, intense competition, and increasing fragmentation. According to the European Mobile Payment Report 2024 by Arkwright Consulting, several key trends and potential future scenarios are up for discussion: Current Landscape and Trends 📈 Fragmentation and Growth: With numerous local and international players. Best practices are emerging across Europe, with high penetration in the Nordics, Eastern Europe, and the Iberian Peninsula. 🚀 Emerging Players: Initiatives like the European Payments Initiative (EPI) aim to unify the market. The EPI's digital wallet, wero, targets multiple countries, including Benelux, France, and Germany, but faces challenges in gaining widespread acceptance, specially since the announcement of the partnership between Spain (Bizum), Portugal ( Mbway) and Italy ( Bancomat). 👨💻 Technological and Regulatory Drivers: Increased smartphone usage, digital integration, and supportive regulations have propelled mobile payment adoption. The COVID-19 pandemic further accelerated this trend. Success Factors Key factors driving the success of mobile payment solutions include: 📱 High smartphone penetration and positive attitudes toward cashless payments. 👨⚖️ Strong regulatory support for digitalization. 🏦 Collaboration among local banks to ensure market coverage and interoperability. Integration of value-added services such as loyalty programs and bill splitting features. Future Scenarios The report outlines three possible future scenarios for the European mobile payment landscape by 2030: 🥇 Single European Solution: A dominant European mobile payment method, possibly led by EPI, supported by political backing and robust financing. 🥈 Multi-country Clusters: Formation of regional champions through expansion and consolidation of existing systems, supported by interoperability initiatives like EMPSA. 🥉 Continued Fragmentation: Persistent fragmentation with multiple local solutions coexisting alongside international payment schemes. Strategic Implications The mobile payment landscape in Europe is poised for significant change, with multiple paths to consolidation or continued fragmentation. Strategic positioning and close monitoring of market developments are crucial for stakeholders to navigate this evolving landscape.

Digital Wallet Apps: how do they work? Basically, there are 3 distinct groups of B2C wallet apps: 1️⃣ 𝗣𝗮𝘀𝘀-𝘁𝗵𝗿𝗼𝘂𝗴𝗵 𝘄𝗮𝗹𝗹𝗲𝘁𝘀; commonly designed as mobile-first, keep tokens that link to your credit and debit cards instead of storing sensitive data or money directly. They don’t take part in moving funds. Once a transaction is initiated, such apps just pass encrypted information to a merchant — hence, the name. In the course of further payment processing, the token travels to a payment network to be decrypted and checked against the actual card or account information in the issuing bank. After verification, the payment gets approved and sent to a merchant’s acquiring bank. So, only the network and an issuing bank will know the actual card or account details. Known for high security, pass-through wallets act essentially as extensions of credit and debit cards, so they are more widespread in regions with high card adoption, such as Europe and North America. Major examples: Apple Pay, Samsung Wallet, Chase Mobile app 2️⃣ 𝗦𝘁𝗮𝗴𝗲𝗱 𝘄𝗮𝗹𝗹𝗲𝘁𝘀; also house tokenized payment details but don’t transmit them anywhere. Instead, they perform transactions in two stages. At the funding stage, the wallet acquires money from a customer’s bank account, credit line, or other source. Then, at the payment stage, it sends funds to a merchant. In this scenario, a wallet provider can make additional fraud assessments. At the same time, a payment network or card issuer may know nothing about details of a particular transaction that are disclosed during operations with pass-through solutions. Staged options often support peer-to-peer transfers and cryptocurrencies and allow for storing funds right in the wallet’s account. Major examples: PayPal, Google Wallet (former Google Pay), Cash App (the US and UK only) 3️⃣ 𝗦𝘁𝗼𝗿𝗲𝗱 𝗱𝗶𝗴𝗶𝘁𝗮𝗹 𝘄𝗮𝗹𝗹𝗲𝘁𝘀; work as prepaid cards. Before making a transaction, a user must load money to a wallet’s balance from a bank account, debit or credit card, via peer-to-peer transfer, etc. The availability of funding sources differs across providers, depending on the location and targeted users. A merchant withdraws money directly from the wallet. Stored wallets are especially popular in unbanked and underbanked countries since they enable people to deposit money without having a bank account. Major examples: Apple Cash (US only), Alipay (China’s most popular), WeChat Pay, Paytm Wallet (India’s largest platform for instant payments). The table below made by AltexSoft compares several global digital wallets👇 I highly recommend reading the complete deep dive article on this topic to learn all about this: https://lnkd.in/eU5Zbd5w Find this helpful? [ 𝗿𝗲𝗽𝗼𝘀𝘁 ] Anything to add about this subject? [𝗶𝗻𝘃𝗶𝘁𝗲𝗱 𝘁𝗼 𝗰𝗼𝗺𝗺𝗲𝗻𝘁] Nice story, Marcel. Next! [ 𝗹𝗶𝗸𝗲 ]

Tokenization in Payments: How the Evolution of Tokens is Impacting Payments & enabling a Multi-Processor Model 👇 Refresher on Payment Tokens 💯 ‣ 𝗔𝗰𝗾𝘂𝗶𝗿𝗲𝗿 𝗧𝗼𝗸𝗲𝗻𝘀 ‣ 𝗜𝘀𝘀𝘂𝗲𝗿 𝗧𝗼𝗸𝗲𝗻𝘀 ‣ 𝗡𝗲𝘁𝘄𝗼𝗿𝗸 𝗧𝗼𝗸𝗲𝗻𝘀 ‣ 𝗣𝗮𝘆𝗺𝗲𝗻𝘁 𝗧𝗼𝗸𝗲𝗻𝘀 ‣ 𝗠𝗲𝗿𝗰𝗵𝗮𝗻𝘁 𝗧𝗼𝗸𝗲𝗻𝘀 3rd-party providers — VGS, Basis Theory, Spreedly — can generate agnostic tokens interoperable across channels & providers PAN 🆚 BIN Lookup: 🔸PAN — Primary Account Number — a unique 16-digit number on a payment card. It identifies the cards origin (issuer), type of card (credit, debit, prepaid…), card brand (Visa, Mastercard..), etc. 🔸BIN — Bank Identification Number — first 6-8 digits of a payment card’s. It identifies the institution that issued the card. 👉 Merchants historically worked with a 6-digit BIN Lookup & built sophisticated BIN mapping logic. Card-Not-Present (CNP) Merchants would often store cards in a 6+4 format (6-digit BIN & 4-digit personal identifier). 🚨Major Industry Change — Issuers are moving to 8-digit+ BIN making the existing 6-digit lookup no longer efficient. The data stored will no longer be actionable creating a major issue for merchants to process payments. To stay relevant, opting for a PAN Lookup will maximize the card attributes merchants get access to, impacting decisions on currency, exchange rates, debit routing networks & more. Apple introduced Merchant Tokens (MPAN) 👇 Traditionally, after cardholder verification, a device-specific network token (DPAN) replaces the customer's Primary Account Number (PAN) in Apple Wallet. This DPAN makes transactions secure, as it's bound to the device and unusable if stolen. However, drawbacks include the need for a new DPAN when changing devices and the issuance of multiple DPANs across different devices. 𝗠𝗲𝗿𝗰𝗵𝗮𝗻𝘁 𝗧𝗼𝗸𝗲𝗻𝘀 (𝗠𝗣𝗔𝗡) are not device-bound but linked to the user’s iCloud, facilitating device changes without affecting the token. 🚨 Visa announced a mandate for merchants to use MPAN instead of DPAN for Standing Instruction transactions starting July 30 2025 making Apple and other merchants switching their tokens. How Tokenization enables a Multi-Processor Model - VGS x RoadSync 👇 RoadSync maintained a seamless payment processing experience with their PSP. Unfortunately s**t happens & SVB collapsed impacting its payment processing abilities. The inclusion of an agile & flexible tokenization provider (VGS) & cloud infrastructure (Amazon Web Services (AWS) enabled RoadSync to switch payment providers over a single weekend. Infrastructure displayed in diagram below 👇 Ultimately, tokenization is a core element of a flexible payment infrastructure. Source: VGS, Amazon Web Services (AWS), Apple & RoadSync ➡️ Huge shoutout to my mate and partner at Connecting the dots in payments... - Arthur Bedel 💳 ♻️ (follow this guy if you haven't already😉) as the author of this update👌 #payments #tokenization #paytech #fintech

Disputes and chargebacks represent a significant challenge to the entire payments industry. Salesforce and Mastercard's new integration uses Salesforce Financial Services Cloud to help speed up the resolution of transaction disputes and reduce associated costs — all powered by the Einstein 1 Platform. https://lnkd.in/e2jY6FNt

🌐 Elevate Your Business: Master Payment Gateway Optimization! 💳 Read our latest blog, "Optimizing Your Payment Gateway Costs," for key insights into the digital landscape. In the age of online transactions, understanding payment gateways is crucial for securing fund transfers between customers, merchants, and financial institutions. 🚀 What's in it for you? Our blog demystifies payment gateways, offering insights to optimize costs without compromising security. Learn to streamline processes, cut overheads, and boost your bottom line. 🔍 Key Takeaways: Uncover payment gateway workings, strategies to cut costs, tips for choosing the right gateway, and real-world case studies. 🌐 Stay Ahead: Gain a competitive edge. Read the blog post : https://lnkd.in/gS24XBju 🔗 Connect with redBus: Let's build a knowledge-sharing community! Follow us for insights on industry trends, tech innovations, and business strategies. #PaymentGatewayOptimization #DigitalTransactions #BusinessEfficiency #redBusInsights 🌐💼

🎯 𝐓𝐡𝐢𝐬 𝐢𝐬 𝐭𝐡𝐞 𝐩𝐨𝐢𝐧𝐭: You've developed a successful AI-powered video creation SaaS (Software as a Service) that gained over 700 clients and achieved a monthly recurring revenue (MRR) of $20,000 within the first month. 👉 Nevertheless, you've learnt about a significant issue with your payment 💳 processor, #Stripe. 👉 Two weeks ago, Stripe labeled your account as "high risk" and blocked it. They withdrew $6,000 from your account to refund customers. After providing numerous documents and emails, they reinstated your account. 👉 Unfortunately, the same issue occurred again, and this time, it seems permanent. Stripe has withdrawn more funds from your account for refunds, and you've appealed their decision without success. 😦 You're understandably shocked and frustrated, as you've invested all your savings and time into this project. You're unsure why this is happening, as you're fully compliant with all legal requirements. ⏭ So, you are force to seeking advice or shared experiences from others who may have faced a similar issue.