flattening the payment world bridging the gap for global commerce
DESCRIPTION
As the predicted growth rate for cross-border e-commerce continues to rise exponentially, Thomas Friedman’s “The World is Flat” concept, seems all the more relevant. But what does "Flat" mean? When it comes to dealing with Payments, the differences in consumer habits, financial regulations, credit card penetration rates, interchange fees and many other factors show that selling worldwide requires more than clicking the "global" button. In this presentation I've briefly demonstrated how different payment methods are bridging the gap for global commerce and enabling entrepreneurs to innovate, despite these numerous challenges.TRANSCRIPT
FLATTENING THE PAYMENT WORLD:
$ $ $
Bridging the gap for global commerce
Noam Inbar, VP Business Development, Zooz Payments
Is it Really Flat?
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Thomas L. Friedman
CASH * IS * KING
And It’s Here To Stay
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85% Cash Economy
74% Prefer Cash
6% Annual cash growth
Sources: Forbes Technosys, InfographicJournal,Thestar Malasya
NEW WORLD - NEEDS - TECHNOLOGY
The Ultimate Payment Method Formula:
Balancing usability with security
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User Experience
Security
User Experience
One Click Payment
$ 80% Expect their shopping experience to be at least AS GOOD as In-store shopping
Source: Tealeaf Mobile Transactions Survey
Security
Knowing the differnce between security, privacy and fraud
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S e c u r i n g
the transaction
Risk management rules
Verification
3rd party solutions
Chargebacks
Phishing
Encryption
PCI rules
Au th e n t i c a t ing
the payment source
Credit Cards
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“It’s fast, you can purchase products from far away”
“Paying with
credit card is
more accessible
and reliable”
Online Payments
“It records your transaction history”
Source: Jana.com/blog
eWallets
The network effect
Top Global eWallets
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Cash Wallets Changing the chemistry of cash in emerging markets
Qiwi is used by over 60 million consumers once a month
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Buy Now, Pay Later
$ Credit Card payments in German Ecommerce - only 34%
Bitcoin
$
Robcoin
Zooz Optimizing payments holisticly in a single management platform
Global Reach
Optimized Checkout
Flexible Processing
High-grade Security
Omni Channel
Questions?
? Feel free to reach out
www.zooz.com
@InbarNoam
linkedin.com/in/noaminbar