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Fintech & Ecommerce

Wirecard offers handling payments via SMS

May 21, 2020

Wirecard and websms aim to enhance the integration of digital payment methods

Wirecard and websms

Wirecard offers handling payments via SMS. Source:?shutterstock.com

Wirecard teamed up with websms, a mobile messaging company, enabling payment transactions via SMS or in the chat.

The data reveals that “Pay by Link” is the selected payment solution for websms. Here, the customers receive a link via chat or SMS. This link directs them to the secure payment page hosted by Wirecard.

It provides smart integration of digital payment methods, enabling retailers to have touchpoints throughout the customer service.

We know from recent studies that today’s consumer wants to be in contact with companies primarily via a central channel and finds disruptions during the payment process annoying. Therefore, the combination of digital payment and commerce via messaging channels - in short: Conversational Commerce - has great potential that we want to unleash. Opening rates of 70% to 90% and call-to-action rates of 15% to 30% confirm that messengers such as WhatsApp, Telegram and Co. are the places where companies can best reach their customers today. Mobile marketing, therefore, gives companies the opportunity to be closer to their customers – with SMS currently experiencing a comeback due to its high reach
Christian Waldheim, CEO of websms

We’ve reported that Worldpay from FIS has launched iQ Now, an app enabling small- and medium-sized businesses (SMBs) to monitor the health of the business. This way, business owners can track performance on the go from their mobile devices.

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Our editorial team delivers daily news and insights on the global payment industry, covering fintech innovations, worldwide payment methods, and modern payment options.