• Follow Us On : 

Ingenico Takes Russian eCommerce by Storm Reaching Over a Billion USD Transactions in the First 18 Months


Redaksi | Selasa,23 Juni 2020 - 17:41:23 WIB
Dibaca: 229 kali 
Ingenico Takes Russian eCommerce by Storm Reaching Over a Billion USD Transactions in the First 18 Months

NETHERLANDS - Media OutReach - 23 June 2020 - Ingenico Group (Euronext: FR0000125346 - ING), the global leader in seamless payments, today reveals that within 18 months of going live, its Russian Payments Solution has outperformed all expectations with impressive payment volumes and customer adoption.

It is now one of the fastest growing payments offerings from Ingenico ePayments, providing unique local acquiring and payment capabilities for international businesses selling online to Russian consumers in digital goods, retail, travel and more.

The success of the solution is credited to Ingenico's deep understanding of the Russian financial system and partnerships it has built within the Russian banking ecosystem. Through these partnerships Ingenico developed a unique solution with local access to the Russian financial system and payment landscape providing local acquiring, local payment methods and multi-currency processing capabilities.

Ingenico is managing massive volumes through its new solution - a billion in USD flow in its first 18 months - and is seeing impressively high payment approval rates. By working with leading acquiring banks such as Sberbank and Alfa Bank, Ingenico has seen impressive approval rate increases of up to 20% for customers. A high approval rate is crucial for online businesses as it leads to more online sales, lower shopping cart abandonment and returning customers.

The Russian Payments Solution offers Mir (Russia's domestic card scheme) and Russian e-wallets Qiwi and Yandex.Money. It supports domestic payments in multiple currencies in addition to the Rouble, including EUR and USD reducing the risk for Russian issuers. It is fully compliant with MirAccept, Russia's equivalent of the 3D Secure authentication mechanism. Ingenico is also regularly adding new capabilities including a BSP feature for airlines with local acquiring, single report and single remittance.

The solution's capabilities and outstanding performance have allowed Ingenico to successfully process 100 million payments from Russian consumers buying products overseas. Its success was further driven by an extraordinary performance during China's Singles Day 2019, reporting record breaking transaction volumes and payment authorization rates. Already, the company has onboarded 10% of its overall merchant customer base, helping companies like Air China, All Nippon Airways, inCruises, Joom and SHEIN accept payments from Russia with ease.

Ingenico launched the Russian solution in 2018 as part of a strategic approach to help businesses target high growth markets including Brazil, Russia, India and China. Apart from growing fast, these countries have significant barriers to entry. Their unique domestic ecommerce ecosystems demand specific solutions tailored to local preferences. Ingenico is delivering solutions for these markets expeditiously as it sees massive opportunity.

Daria Nikolaeva, PR Manager for Europe at Joom, the fastest-growing shopping application in Europe, who were recently onboarded onto Ingenico's solution, said: "Russia has historically been a tough ecommerce market to crack. With Ingenico's unique and tailored solution we're operating in this fast-growing market with ease."

Mike Goodenough, General Manager, EMEA at Ingenico ePayments, said: "The first 18 months have been exceptional for our Russian Payments Solution as it is unlike any other available on the market. It's a remarkable example of how we connect sellers and buyers. While Russian ecommerce is rapidly growing, we can support you to grow and scale further."

About Ingenico Group
Ingenico Group (Euronext: FR0000125346 -- ING) is shaping the future of payments for sustainable and inclusive growth. As a global leader in seamless payments, we provide merchants with smart, trusted and secure solutions to empower commerce across all channels and enable simplification of payments and deliver customer promises.

We are the trusted and proactive world-class partner for financial institutions and retailers, from small merchants to the world's best-known global brands. We have a global footprint with more than 8,000 employees, 90 nationalities and a commercial presence in 170 countries. Our international community of payment experts anticipates the evolutions of commerce and consumer lifestyles to provide our clients with leading-edge complete solutions wherever they are needed.


Akses Wahanariau.com Via Mobile m.Wahanariau.com
Untuk Berbagi Berita / Informasi / Peristiwa
Silahkan SMS ke nomor HP : 085271472010
atau email ke alamat : [email protected]
Harap camtumkan detail data diri Anda
Pengutipan Berita dan Foto, Cantumkan Wahanariau.com Sebagai Sumber Tanpa Penyingkatan
TULIS KOMENTAR
BERITA TERKAIT
Jumat,10 Mei 2019 - 03:17:16 WIB

Ingenico Menjawab Panggilan Konsumen untuk Lebih Banyak Opsi Pembayaran Melalui Solusi Baru LinkPlus

LinkPlus dari Ingenico menghubungkan bisnis dan konsumen mereka dengan keamanan pembayaran yang diti

Senin,29 Oktober 2018 - 23:55:09 WIB

Xiamen Airlines Selects Ingenico to Optimize Global Online Payments

AMSTERDAM, NETHERLANDS - Media OutReach - 29 October 2018 - Ingenico Group (Euro

Jumat,10 Mei 2019 - 03:13:50 WIB

Ingenico Answers Consumers' Call for More Payment Options Through New LinkPlus Solution

Ingenico's LinkPlus connects businesses and their customers with enhanced payment security, boos

Rabu,31 Juli 2019 - 01:52:39 WIB

Ingenico TravelHub Opens Up New Payments Routes for Travel Companies

Ingenico’s TravelHub enables travel companies to easily connect to payment capabilities in fas

Kamis,29 Agustus 2019 - 11:55:48 WIB

Ingenico ePayments enables YOOZOO Games Global Expansion

NETHERLANDS - 29 August 2019 - Ingenico ePayments, the ecommerce division of Ingenico Group (Euronex

Rabu,31 Juli 2019 - 01:55:27 WIB

Ingenico TravelHub Membuka Rute Pembayaran Baru Bagi Perusahaan Perjalanan

Travelhub dari Ingenico memungkinkan perusahaan perjalanan agar terhubung dengan kapabilitas pembaya

BERITA LAINNYA
Rabu,08 Juli 2020 - 04:15:39 WIB

Tsimshatsui Overtakes Causeway Bay as the Most Expensive Retail District for First Time

Greater Central office availability reaches a 15-year high Grade A office rental declined for the

Rabu,08 Juli 2020 - 04:12:42 WIB

Vodacom Tanzania: Send Money to Tanzania from Anywhere Around the World

Over 200 countries can send and receive money via Vodacom's Tanzania M-Pesa. The mobile Money

Rabu,08 Juli 2020 - 04:04:55 WIB

Accuity Helps Leading Banks in Pakistan Stay Ahead of Global Regulatory Requirements

Financial crime compliance solutions ensure that local banks can fight AML/CFT threats in real-time

BERGABUNG DI SINI
KABAR POPULER
IKUTI BERITA KAMI