Payments through QR codes or ‘Quick Response’ (square-shaped codes capable of storing data) are now a reality in Mexico. They have been circulating for a few years and have become a safe, simple method that gives us the ability to make a purchase without needing a card or using cash.

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The Spanish Civil Guard has disseminated guidelines when it comes to online operations to avoid fraud or fraud crimes.

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According to the most recent study by Credibanco, transactions processed by the network in the first half of the year reported expenses of 26 billion pesos nationwide, a figure that represents an increase of 12.5% ​​compared to the same period of 2018, when A consumption of 23 billion pesos was recorded. The number of transactions made in this period (164 million) generated a greater growth with 20 percent. During these months, 43% of these operations were carried out with credit cards and 57% with debit cards, with an average amount of 152,000 pesos.

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Payment gateway providers are becoming a necessity in the modern business landscape. They play a pivotal role in the online payment ecosystem, facilitating and securing online payment transactions of eCommerce stores, online businesses as well as brick and mortar shops.

As the world continues to move away from cash, Scandinavian consumer behavior provides clues about the future of payments in the western world.

Call it a case of good news masking bad. According to the 2019 Identity Study from Javelin Strategy & Research, credit card fraud dropped by nearly 25% in 2018, or $6.4 billion, compared to $8.1 billion in 2017. The bad news reflects rapidly changing tactics among cybercriminals — and threatens to make payment fraud detection harder than ever before.

Six out of ten Brazilians in social classes A, B, and C use digital payment methods as channels for payment of bills, purchases, and transactions over the internet.

Spanish consumers remain faithful to the payment in cash, although it is limited to purchases of less than 50 euros, especially related to day-to-day expenses (such as having a coffee outside the home). Specifically, 87% of Spaniards carry out cash transactions, according to data from the European Central Bank (ECB), a figure that goes up to 91% according to a report from the Sounding Channel.

The payment method is the last step in the process of selling an online store. One in five users abandon the purchase for not finding the most comfortable way to pay for the item or service. To avoid this, the entrepreneur must know the preferences of his client.

A new era of electronic commerce is about to begin in Brazil and one of the main drivers of this transformation will be debit.