Do you carry cash everywhere or a smartphone?
Don’t we all shop from our smartphones? Lately, mobile payments have gained prominence by providing a fast and easy way to make purchases and helping users save time and get an enhanced shopping experience.
How do we make the payment then? Of course, with the help of online payment options using payment gateways. Whether you talk about Retail companies, or you are on e-Commerce stores, freelancing platforms, travel agencies, they all are using payment gateways to help ease your payment.
Based on Statista’s website, by 2023, there will be around 1.31 billion proximity mobile payment transactions by users worldwide.
The payment gateway integration is not subject to one mobile OS; it’s for both Android and iOS. These two OS’s have captured the entire global market, as we all know. Let’s uncover the crucial aspects of integrating payment methods for both Android and iOS.
Let’s start with;
What is a payment gateway?
Payment gateways are the median between online customers and financial institutions. Without intermediaries, in-app purchases and payment processes can’t take place.
As we see, many apps like Amazon, Netflix, etc., ask for a subscription to watch shows, movies, etc. While paying for a subscription, it gets easy as, within a few steps, users can buy the subscription via the third-party app (Google Pay, PayPal).
The funds move through an interbank network, a complex sequence of operations and create risk associated with security assurance. It just takes users a few seconds, but it’s a huge amount of work to deal with underneath the app. Remote connection to PayForAll