payabl.

As e-commerce payment volume booms, so does the occurrence of chargebacks. Chargebacks can have serious consequences for businesses, including hefty fines and regulatory complications. Yet, the problem of chargebacks remains prevalent. A survey of more than 3,500 consumers across the UK, U.S., and Australia found that 39% of disputes stem from misunderstandings with customers, while 27% occur as the result of fraud attempts. Addressing the challenge of chargebacks requires an innovative approach that utilises modern technologies like AI and machine learning, as well as enhanced authentication methods and increased collaboration across industries. Check out our blog to discover the truth about chargebacks in 2024: https://lnkd.in/dXExZhgg #Chargebacks #PaymentFraud #ArtificialIntelligence

Exciting news! We’ve been shortlisted for Payment Solution of the Year at the SBC Awards! We’re grateful for the recognition and proud of the work we’ve done to support our clients. A big thank you to the SBC Awards for this honor, and congratulations to all the other finalists.

We are thrilled to announce that payabl. has joined the Association of Cyprus International Financial Firms (ACIFF)! 🎉 ACIFF is renowned for its dedication to advancing the financial services sector in Cyprus, serving as a vital platform for dialogue and collaboration. The association plays a crucial role in shaping regulatory frameworks, enhancing professional standards, and driving economic growth in the region. As a leading financial services provider, this membership aligns perfectly with our mission to drive innovation and excellence in the financial sector in Cyprus and beyond.   Joining ACIFF supports our goals of staying at the forefront of industry development and fostering connections that drive growth. Find out more here: https://lnkd.in/dfgbtHQP #payabl #ACIFF #Innovation 

The popularity of instant payments is surging as account-to-account (A2A) payment propositions take advantage of Open Banking innovations and the roll out of real-time payment systems in markets around the world. Recent data from Juniper Research has highlighted that the global instant payments market is set to grow by 161% by 2028, fuelled by the growing popularity of new A2A options, such as Zimpler in Europe and UPI in India.    They offer the speed and convenience that consumers desire whilst also unlocking a number of benefits for your business, such as lower transaction costs and accelerated settlement times that can boost your cash flow.     Check out our latest blog to find out more about A2A payments and how they can shape your business as your strive for growth.

Check out our latest blog to find out what wero could mean for your business – https://lnkd.in/g_wZqWEF Although debit and credit cards remain popular for everyday transactions across the European Union (EU), digital wallet usage is rising sharply - especially when it comes to online shopping.    But whilst digital wallets have been capturing market share across Europe, the region’s fragmentation – where each nation has a distinct national payments champion – has been a bit of a problem.     However, this is changing thanks to the recent launch of the wero wallet in Germany, which is set to be rolled out across more EU member states in the coming months. The new wallet will have a number of interesting use cases – though its pan-European functionality is perhaps its greatest selling point for ambitious merchants looking to expand into new markets.     

We’ve had such an amazing time at the KidIT x payabl. this past weekend! For the past three years, we've proudly supported KidIT, an initiative teaching young kids to code through gamified education. This event marked the end of the season, and it was great to see both new faces and returning kids. We're looking forward to starting a new KidIT season and keep empowering tomorrow’s innovators.

Our UK CEO, Sean Forward, sat down with FinTech Intel’s Robert Welbourn at Money20/20 to discuss the future of payments and the innovative paths payabl. is exploring. Sean delved into the current state of cross-border payments, the potential of CBDCs, and how stablecoins might transform the landscape. He also shared insights on how payabl. is leveraging the latest tech to enhance fraud management and ensure smooth, secure transactions for our merchants. Curious about what else we covered? Check out the full interview to discover more about our advanced tech solutions and our vision for the future of digital payments. https://lnkd.in/eW4srgYF

Discover why VRPs are generating so much buzz in our latest blog – https://lnkd.in/d6Rqzgfp The launch of Variable Recurring Payments (VRPs) is set to become a defining chapter in the UK’s Open Banking story, with UK Finance recently publishing a collaborative study on model clauses that will help enable their introduction for commercial use.     For merchants, VRPs present compelling opportunities beyond just sweeping payments. They can help you tap into the rapidly growing subscription economy, projected to reach £1.5 trillion by 2025.    However, there are challenges to address, such as public awareness, fraud risks, and the need for a robust regulatory framework. As VRPs pave the way for a more commercial Open Banking model, it’s essential that the benefits are accessible to all stakeholders.   

It’s ‘Pay it Forward’ time and today we’re welcoming Julian Martin Capote from Alibaba Group! Listen here: https://lnkd.in/gNac3V4k We’ll be talking about how Miravia, a new eCommerce model in Spain, is changing how customers experience online shopping. We’ll chat about the strategic importance of diverse payment options, the rise of peer-to-peer methods like Bizum, and how value-added services like instant discounts and cashback are adapting to customer expectations. Julian also discusses the growing popularity of Buy Now, Pay Later (BNPL) among Gen Z and Millenials and the critical role of partnerships in creating seamless payment experiences. Tune in now to listen to a conversation about shifting payments within eCommerce! #EcommerceInnovation #PaymentsStrategy #BNPL #CustomerExperience #Alibaba #payabl

Artificial intelligence (AI) is transforming industries globally, and payments are no exception. With the recent approval of the EU AI Act by the European Council, we are entering a new era of innovation balanced with robust risk mitigation. On a recent Pay it Forward podcast, we had an insightful conversation with author and finfluencer Theodora Lau. She highlighted, "Generative AI, like ChatGPT, has brought immense capabilities to consumers, sparking curiosity and innovation. However, businesses must tread carefully, especially in financial applications where accuracy and trust are paramount." Our Chief Product Officer, Igor Skachkov, adds, "AI in payments involves advanced algorithms and machine learning to enhance accuracy, detect fraud, and optimise decisions. It’s essential for merchants to understand these technologies or partner with experts who do, ensuring compliance and responsible innovation." As the industry embraces AI, ethical considerations and regulatory compliance are key. Starting with AI-generated FAQs reviewed by humans or joining merchant networks for shared insights can help you integrate AI responsibly. Read our blog exploring the future of AI in payments here https://lnkd.in/d7uqzTDv #ArtificialIntelligence #Payments #EUAIAct #Fintech #FraudPrevention #Innovation #payabl