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May 29, 2020

PruPay, PayPal team up to launch contactless payments

US-based payments technology company PruPay has partnered with PayPal to deliver a contactless payment solution.

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  • ESG
  • E-commerce
  • Mobile payments
  • Alternative payment rails (Real-Time Payments, Blockchain, BNPL)
  • Fraud & Cybersecurity
  • Regulations
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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.

Free Report
img

Prepare for changes in the Payments market

 The Payments market has seen drastic changes in the past few years, with this only expected to continue. What does your company need to do to prepare for what’s to come? GlobalData’s Payment Trends for 2022 report explores the key trends in technology, consumer habits, and regulations shaping the market. We also identify the leading companies in this changing market, giving you a competitive market outlook. This report covers the impact of:
  • ESG
  • E-commerce
  • Mobile payments
  • Alternative payment rails (Real-Time Payments, Blockchain, BNPL)
  • Fraud & Cybersecurity
  • Regulations
Download the report now to learn essential strategies to maximize your growth in the face of rapid change.
by GlobalData
Enter your details here to receive your free Report.

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