Sydney Subscribed 2016: How the World Pays
Transcript of Sydney Subscribed 2016: How the World Pays
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© Worldpay 2016. All rights reserved.
How the world paysKevin Dallas, Chief Product & Marketing officer
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© Worldpay 2016. All rights reserved.
Experts in helping companies go
global
31.5 million transactions/day,
$500 billion processed / year
Largest FinTech IPO in London
Stock Exchange history
Number 1 international
acquirer
Own the full payment chain from
end to end
Worldpay fast facts
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3
ACQUIRING TREASURY GATEWAY ALTERNATIVES RISKGUARDIAN
Fully licensed for all the leading card schemes in over 100 countries with a local acquiring offering in 50 countries
A global payments proposition that delivers an end-to-end solution
More than just a gateway…
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Drive up conversion rates
Reduce the costs of running your business across multiple markets
Optimize payment
acceptance rates
Announcing Australia local acquiring license
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DatingSocial NetworksBusiness networksAddress books
5
Tech & ServicesContentPublishing
We understand digital content
MusicMoviesTVSoftwareeBooks
MagazinesAdvertisingImagesApp
TipsinformationEducationCollaboration
SaaSPaaSIaaSHosting
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Is global eCommerce growing?
In 2015, the global eComm market was estimated to be
worth:Up
since 2014
expected to hit
trillion by 2019trillion
%
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Americas: how the world pays – today and tomorrow
APM25%29%
Card75%71%
20142019
Americas 29%
26%20%
21%
17%
18%
2014
2019
42%
40%16%
13%
9%
10%
North America
Latin America
Debit cards eWallets
Bank transfer
Bank transferPostPayCredit card
2014
2019
Top 3 payment types
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Europe: how the world pays – today and tomorrow
APM49%55%
Card51%45%
20142019
Europe
29%
26%20%
21%17%
18%
2014
2019Debit cards
eWalletsBank transfer
Top 3 payment types
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APAC: how the world pays – today and tomorrow
APM58%63%
Card42%37%
20142019
APAC34%
38%31%
26%11% 9%
2014
2019eWallets
Credit cardBank transfer
Top 3 payment types
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Languages Payment preferences& spending habits
Tax laws Currencies
Local cultures Optimizing business cost & risk
Legal Local entity/offshore
Getting the basics right – key considerations
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Trust Simplicity Support
The importance of the payment journey
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What about subscriptions?
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Only want to pay for what they use
Do not want to commit to a service
long term
Concerned about sharing personal information over
the long term
% %%
What holds people back from subscribing?
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Pull VS. Push Alternative billing models Tokenization
What works for subscriptions?
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eWallets will overtake credit cards for share of
global eCommerce spend by 2019
%%
The big winners are eWallets
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However… Cards are not dead!
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Most Indian recurring and SAAS companies are domiciled out of the US or Singapore.
Cross border transactions in Brazil
see an average decline rate of about 70%.
Cross-border acquiring Start taking payments quickly
• No local entity required• No additional regulatory
requirements• Rapid access to markets
globally
Domestic acquiringImproved transaction success
• Domestic interchange rates• Potential reduction in
international cross-border fees
• Settlement and payments tolocal partners or customers in local currency
Global vs. local acquiring
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…but why now?
Payments are blowing up…
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19
Connected devices
&The Internet
of Things
Biometrics&
Rise of the cloud
Cheap storage costs
&A data driven
world
Tech trends influencing payments
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Totallyseamless
Incredible sophistication
Always on identity
What do these trends mean for payments?
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What to take away?
• Customers want convenience, transparency and the option to say no
• The accelerating focus on experience and the relationship will drive new models
• Whilst subscriptions are on the rise, other billing methods are of growing interest
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© Worldpay 2016. All rights reserved.
Global Payments Report is available at: worldpay.com/global/insights
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Questions?
Questions?