Intelligent SME.tech Issue 15 - Page 41

intelligent

// FEATURE //

‘ Secure , seamless and convenient ’:

HOW AMAZON PAYMENT SERVICES GOES FURTHER TO MEET CUSTOMER REQUIREMENTS

The shift to digital commerce has provided consumers with a greater array of services at their fingertips and customers now expect seamless , quality online shopping experiences . Peter George , Managing Director , Amazon Payment Services , highlights how the payment services industry has transformed , why merchants need to keep a close eye on customer experience and how Amazon Payment Services champions the provision of secure , seamless and convenient services for end users .

h

How has the payment services industry transformed and what has caused that transformation ?
The overarching shift in the payment services industry over the past several years has been the rise of digital payments , which is being propelled by consumer demand , government strategies and innovation in the FinTech and electronic payments sectors .
Digital payment adoption was already on an upward trajectory in the Middle East prior to 2020 and was further accelerated by the outbreak of the COVID-19 pandemic .
Customers in the Middle East have a strong appetite for digital payments , recognising the convenience , security and speed provided .
In particular , the digital payments sphere in the United Arab Emirates ( UAE ) is a highly dynamic and thriving space , partly driven by government strategies designed to promote the growth of the local digital economy .
We are seeing several FinTech start-ups innovate in the digital payments sphere to eliminate customer pain points and make cashless payments available to more people .
We were very proud to launch the Amazon Fintech Lab in the DIFC Innovation Hub in Dubai earlier this year , providing a forum for important discussions on digital payments and the future of the FinTech industry .
How has this transformation impacted customer expectations in terms of customer experience and providing robust security ?
Digital payments have unlocked new horizons in terms of customer experience . Customers now expect secure , seamless and convenient purchase experiences , from the moment they open the merchant ’ s website until checkout and delivery .
A straightforward and seamless checkout experience is a deciding factor when people consider finalising their purchase and returning to you in the future . To achieve this , it is important that merchants eliminate any unnecessary steps in the process and streamline the customer ’ s journey as much as possible .
Merchants should implement easy access to the checkout page , with quick navigation to the basket review and confirmation stages .

CUSTOMERS IN THE MIDDLE EAST HAVE A STRONG APPETITE FOR DIGITAL PAYMENTS , RECOGNISING THE CONVENIENCE , SECURITY AND SPEED PROVIDED .
Intelligent SME . tech
. tech
41