What makes a gateway secure? I thought it best to pick some of the standard industry practices and check if the gateways are following them.
The Indian Ecommerce market has grown well over the last few years, but the underlying infrastructure, i.e. the payment gateways haven’t scaled to match the growth.
Weekly Summary : Facebook’s Growth In India Slows Down; What Has Not Changed with India’s Payment Gateways
Back from the loong vacation? Well, here goes curated not-to-be-missed pieces from articles published on NextBigWhat.com during August 11-18th week.
Hello Gateways!, your merchants needs food not air i.e. they need 99% successful transaction not 0% processing fee.
We take a look at the prices offered by payment gateways in India such as PayZippy, PayU, Directpay, CC Avenue, EBS and others.
Online retailer Flipkart has launched a payment gateway service called PayZippy for Indian merchants, pushing competition in the online payments industry which has incumbents like CCAvenue, PayTM, PayU, Citrus and others.
A “whois” search of Paykrypt.com(link), Paykrypt.net (link), Paycrypt.com and Paycrypt.net domain names to find out who owns the domain, tells us that the domains were registered by Sachin Bansal, the chief executive officer of Flipkart in December.
Interview with PayU Country Head, Nitin : Our conversion rates are 12% higher than other payment Gateways
The conversion or success rates are anything from 12-18% higher when compared to a single gateway and about 7-8% when compared to multiple gateways (large clients typically use anything from 2-7 different payment gateways).
Only 66 per cent success rate in netbanking/debit card transaction. HDFC and IDBI Bank lead the chart with 69.23 per cent and 59.63 per cent respectively. They are closely followed by Corporation Bank, IndusInd and Federal Bank.
Quick snapshot from IRCTC payment gateway performance data for February 2012: – 74% success rate in Credit/Debit card transaction, led by Amex Payment gateway (82.4%), ICICI and CitiEMI. – 29% failure rate in netbanking/debit card transactions. SBI ruled the transaction…