As you can see, payment gateways offer a lot of different benefits for an e-commerce website, the most significant benefit is that it helps you generate more sales. Retail websites need payment gateways to accept payments from customers via various channels such as debit cards, credit cards, and digital wallets. Also you need to consider choosing a payment gateway that offers risk detection and fraud detection as it is responsible for collecting a customer’s information and facilitating a checkout process for your website. Moreover, it is crucial to choose a payment gateway that is able to provide multiple layers of security, as well as the ability to accept different currencies.
New digital payment methods such as mobile payments and online payment gateways are rapidly growing in popularity across the world. Fintech industry in Egypt has been growing exponentially, as digital payments will be the market's largest segment with a total transaction value of US$13.5B in 2022. The number of users in the digital payments segment is expected to amount to 78.58m users by 2026. In addition to the average transaction value per user in the alternative Financing segment is projected to amount to US$28k in 2022.
With most businesses around us either slowing down and waiting out the virus or coming to a complete stop to ration down resources, there are many you can do as a small business to survive the covid 19 pandemic.
A lot of changes are happening in the Fin-tech industry and some are more obvious than others but what remains as clear as it’s always been is that, the customer experience is always center stage, whether by increasing security, offering new ways to pay or even by facilitating bureaucratic procedures that often held progress back.
Normally referred to as CX, it's the sum up of all interactions between customers and your brand which leads to a certain impression or perception that lasts. As humans, we can easily spot the negatives, point it out and shed light on it because we expect the best out of every interaction which in turn makes a negative impression extremely difficult to overcome and a great one difficult to offer.
Although every website is different than the other depending on the industry it serves, there are some plugins that every website needs. According to wordpress, there are over 55,000 plugins covering every function or feature your website needs, which is ultimately a big win for the not so technical entrepreneurs that need a website to get their business started. But what is a plugin? The simplest explanation is that, it’s an app that can be added to the backend of your website that adds a new feature to your existing website that wasn’t included in the original version.
E-commerce websites’ biggest concern is usually the bounce rate, it’s when your customer decides that your website is not really for him and makes the decision to leave. In other terms it’s when a user visits the website and slips away without interacting further with it resulting in a one page view per session only.
Sounds Complicated? It really isn’t. Conversion rate optimization (CRO) is the process of increasing the percentage of your website visitors who are likely to take action by modifying certain aspects that result in them converting before they leave. Converting depends on the type of business you operate, so it could be signing up for a free trial, leaving their contact information for the sales to get in contact with them or buying a product off of your ecommerce website.
As a school administrator, have you ever been asked by parents why it was so hard to pay the tuition fees? After all, they either had to take the day off or get a couple of hours off of work during the day to go to the bank, collect the money, go to the school, stand in line, wait for the accountant to count the cash, fill in the forms and then get back to work, or even worse, going to the bank to make a deposit and taking a number only to find out there are 150 people who were there before you.
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