Viva.com and Alipay+ extend strategic partnership

Hey Payments fanatic,

The retail experience for international tourists in 24 European markets will be enhanced with the collaborationç between Viva.com and Alipay+.

European merchants will now be able to accept direct payments from 15 e-wallets.

This partnership will enable global tourists, primarily from Asia, to make secure and convenient payments at European businesses using their preferred e-wallets. With support from over 15 e-wallets and banking partners, visitors can also enjoy exclusive merchant promotions through Alipay+.

Viva.com now enables merchants across various sectors—such as travel agencies, retail stores, hotels, restaurants, and taxis—to accept over 40 payment methods, including Alipay+.

Viva.com’s Tap on Any Device technology transforms any device—be it mobile, desktop, smart interactive, or self-checkout—into a payment terminal, capable of accepting contactless, chip & PIN, and QR code payments. This technology enhances the checkout experience by supporting various payment journeys, allowing transactions to be completed anywhere, and reducing queues and wait times.

This collaboration kicks off in time for the upcoming wave of inbound tourism to Europe for ‘Golden Week’ in October.

And now with more payments news...

Cheers,

Marcel

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GOLDEN NUGGET

Recurring payments may appear to be simple but in reality are quite complex - let's take a look:

1️⃣ A consumer subscribed or purchased to a service, on regular frequency. First off, the amount may not always be the exact same which may cause billing problems.

2️⃣ Recurring Payment is now due.

3️⃣.1️⃣ Payment Successful

🔸Subscription's next billing date is updated

🔸Recurring order is created with a paid payment status

🔸The invoice is sent to the customer

3️⃣.2️⃣ Payment Unsuccessful

4️⃣ Recurring Order created with a Failed Payment Status

5️⃣ Payment failed e-mail is sent to the customer

6️⃣.1️⃣ Customer updates payment method and payment retried successfully

🔸Same completion process as above

6️⃣.2️⃣ Customer doesn't update his payment method or Payment is declined

🔸Subscription is cancelled at the start of next cycle

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In order to provide Recurring Billing service, Payment Service Providers are one option, 3rs Party Recurring Platforms are another👇

🔸In this example, Recurly is utilizing its subscription and billing engine to store the card information securely and pass the payment request to the Payment Service Provider.

—

Now this complex process, especially when using a credit or debit card, can be simplified using Account Updater Services:

This payment solution provided by some Acquirers - Nuvei and Worldpay - and 3rd Party providers - Recurly and Zuora - updates the card in file for the consumer automatically (token). It enables the card on file to always be the current one creating a much more seamless experience for the consumer!

Recurring payments are mostly completed using cards but Alternative Payment Methods are and will continue to also disrupt this payment model

I highly recommend following my partner at Connecting the dots in payments... Arthur Bedel 💳 ♻️ for more great updates like this one👌

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