Payment service provider allpago affirms that it can provide up to a 53% increase in authorisation rates and revenues from initial payments made by people in the country. Also, it can provide up to a 23% boost in revenue from recurring transactions. The company offers two-factor payment authentication and a dynamic descriptor in order to reduce chargebacks. Thus merchants are enabled to provide ‘precise’ payment details on credit card and bank statements.
Moreover, allpago users have access to 90% of Latin America’s 150 million online shoppers through a single platform and API. As Chile’s central bank introduced regulation for alternative payment facilitators in 2017, this kickstarted the implementation of allpago’s tech in the country.
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