A payment gateway is a technology that enables online businesses to receive and handle diverse electronic payment methods on their websites. Essentially, it is an intermediary between the merchant and the customer’s preferred payment network.
Providing customers with the best payment methods is crucial for ecommerce success. The thing is—shoppers today expect seamless and secure transactions when making online purchases.
.A few decades ago, cards were considered the most convenient payment method. However, with the digitalization of the world, new payment options have shown their benefits. And, one of these is contactless payment.