The pandemic has forced us to take bigger steps towards a truly cashless society – but we were headed in that direction anyway. Before, most businesses were operating offline, and those businesses that applied e-commerce didn’t focus on intensifying the concept. It was just a means to an end. However, the pandemic came, our way of life changed, and the business environment changed with it. Businesses that were able to transition and fully perform online were on the winning end. Several fintech start-ups launched and thrived due to the demand for such services.
We have been pushed out of our comfort zone: e-commerce is the new normal, digital payment is on the rise, and shopping online, receiving payments and paying bills has never been faster. Whatever service you want is just a click away.
New trends in Digital Payments
Currently, the biggest payment trend is the use of digital and mobile wallets. They have made shopping a breeze. In terms of increased sales, mobile wallets have contributed significantly: from retailer-personalised applications to wallets from financial institutions, device manufactures and technology platforms. These wallets have also enhanced the security and safety of funds, and became essential for consumers transacting online.
How exciting would it be for your potential customers to reach you from their phones? HyperPay merchants can offer international and local mobile wallets as a payment method on their website or mobile app.
The future of payment is here, and fintech companies such as HyperPay in the Middle East are taking the lead in this innovative future.
Effortlessly Go Global
Running an international business is a dream that’s no longer impossible to achieve. However, not having a way to reach prospective international customers can be quite devastating. From the Middle East to other continents, you wish to connect faster in a less complicated way. As a business owner, you’ll need a payment service that allows your customers to pay using their currencies while you settle in your local currency. HyperPay still takes the lead in the MENA region by processing about 165 currencies.
Secure e-Bill Payments in seconds
As a merchant in a competitive market, you need a safe payment solution that appeals to your prospective customers or clients, a simple payment process, and a fast way to start accepting payment online.
With more and more consumers in the GCC choosing non-cash based payments, award-winning payment gateway Hyperpay was quick to provide an e-invoicing service, HyperBill.
HyperBill helps you generate an invoice in minutes and allow your customer to pay you in seconds within the same platform. Consequently, improving your sales conversion rate and helping you track customer invoices more efficiently. Through this product, HyperPay has helped several SMEs in the MENA region to grow and expand their market coverage, as well as easily transition their businesses online, by enabling convenient invoice generation and online payment.
Simpler Payout Process
With the rise of fast-growing multisided platforms and marketplaces in the region, connecting buyers and sellers, the need for a reliable payout solution increased. HyperPay addresses this challenge by introducing HyperSplits, a payout solution which enables platforms to receive a payment, split it and send it to the respective beneficiaries in a timely manner.
Since the launch of HyperSplits in Saudi Arabia, the service has helped multiple startups to automate the process of transferring funds and thus, grow the number of users on their platform and achieve exponential growth in record time.
Secrets to Thriving in E-commerce
Keep your customers and clients close
Today the easiest way to keep your customers close is through the smartphone business apps. Smartphones are the new wallets. What’s more, a high percentage of your customers are always close to this wallet.
Imagine what having your business on a mobile app and a responsive payment gateway integrated with it could translate to? More sales.
Offer more payment options
Successful online businesses fully understand that in order to convert more sales, you need to have several payment options at checkout that will be appealing to all of your target customers.
Hyperpay stays ahead in this aspect, having enabled the activation of every payment method. Be it Visa, MasterCard or American Express, Apple Pay or STC Pay in Saudi Arabia as well as the Kingdom’s highly preferred local debit card, Mada, Hyperpay has got merchants covered.
Did you know that a high number of potential sales are lost through redirecting? It’s a possibility that when a buyer is taken through different pages to make a payment, they lose interest. On the other hand, providing a checkout page that allows a fast payment within the same page enables more impulsive spending, and more sales. HyperPay has helped businesses grow by providing this feature.
Enable subscriptions so that automatic payments are made periodically as you deliver goods at your customers’ doorsteps or renew service memberships. This is the best way to ensure customer loyalty.
HyperPay’s payment solutions tailored to subscription-based business models make recurring billing a frictionless process for both merchants and their customers. You can easily accept recurring payments and manage customer subscriptions, store card numbers securely and win the loyalty of your customers.
The business environment is rapidly evolving, and HyperPay is at the forefront of it. HyperPay helps businesses keep up with the evolving market by offering a complete, fully-featured payment solution.