Products - VCpay Mobile Payments - Benefits
- Peace-of-mind (protection of personal data & paymentsecurity).
- Speed, convenience and ease-of-use.
- Adapted to the needs of the e-shopping/mobile generation.
- Non-cardholders and unbanked consumers can benefit from state-of-the-art online payment technology.
- Non-repudiation (eliminate charge-backs).
- Cheaper than alternative payments (Paypal, etc.).
- No change to existing online shopping carts and processing infrastructure.
- Mobile coupons/discounts can generate demand and increase customer loyalty.
- Physical retailers can service customers on the spot by accepting payments from cell phone to cell phone in-store, thus bringing the point of sale to the decision, instead of making people queue up behind the cash register.
- Answer consumer concerns for personal information protection.
- Reduce fraud and risk below card present level (Chip + PIN).
- Cost effectively service under-banked geographies.
- Generate new customer segments at a very low cost of acquisition.
- Alternate revenue channels besides the standard card payment product portfolio.
- Churn reduction & increased customer retention.
- Ease of deployment: ever more customers have cell phones with the ability to download apps.
- Leverage the investments made in infrastructure over the last two decades.
- Generate Incremental revenues (fee per transaction).
- MNOs long tradition of micro-payments (ringtones, music downloads via SMS) places them well to extend these services in order to unleash the full potential of mobile payments.