US-based payments technology company PruPay has partnered with PayPal to deliver a contactless payment solution.
Prepare for changes in the Payments market
- ESG
- E-commerce
- Mobile payments
- Alternative payment rails (Real-Time Payments, Blockchain, BNPL)
- Fraud & Cybersecurity
- Regulations
The PruPay Touchless will enable merchants to request one-time payments from consumers through text messages.
The solution will help in carrying out transactions maintaining social distancing protocols amid Covid-19 pandemic.
PruPay CEO Bill Sedgwick said: “Covid-19 has instilled a legitimate fear of sharing or touching anything, both person to person and latently on devices such as keypads, so text payments make even more sense today than just weeks ago.”
The solution will allow the customers to pay for their purchases using major credit cards. It enables them to complete transactions without sharing credit card numbers or addresses over the phone.
Additionally, the customers will also receive a payment confirmation, which they can show to a delivery driver to procure the order.
Sedgwick also said: “We added security for merchants and optional add-on services like delivery fees, tipping, and a ‘Pay it Forward’ option that are not provided on native text-to-pay platforms.”
On the other hand, PruPay Touchless Payments enables merchants to enter payment requests and view orders.
They can also customise convenience fees, delivery fees or other mark-ups.
The solution will feature a simple order management dashboard to help in identifying unpaid orders.
Furthermore, they can add delivery or pickup notes with the orders.
Prepare for changes in the Payments market
- ESG
- E-commerce
- Mobile payments
- Alternative payment rails (Real-Time Payments, Blockchain, BNPL)
- Fraud & Cybersecurity
- Regulations