According to the press release, both local and international online merchants can use PayFuture to enter emerging markets and capture significant opportunities for business, which were previously unexploited.
Moreover, thanks to PayFuture’s Risk and Fraud monitoring system, merchants also benefit from comprehensive fraud protection and auto alerts, which warn merchants of potential risks as they occur. The countries initially accessible through the gateway include: Argentina, Bahrain, Bangladesh Brazil, Columbia India, Japan, Malaysia, Mexico, Nepal, Pakistan, Saudi Arabia, Bahrain, Qatar, UAE, Thailand, Vietnam, and many more.
Additionally, PayFuture’s Conversion Recovery Solution supports the checkout experience, by identifying when a customer might abandon a sale. This alerts both the systems chat-bots and the merchant’s call centre to re-engage with the customer to save the deal. For transactions that are ultimately declined, the system offers users the option of trying a different payment option.
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