Providing merchants with complete turnkey ecommerce, POS and mobile payment platforms to help them drive their global business initiatives. Linking the digital world with the offline world with new cutting edge solutions. A true omnichannel payment services provider.
Alternative payment methods
“Alternative” refers to payment methods other than cash or physical cards linked to the global card brand networks. Alternative payment methods include bank transfers, digital wallets, direct debit, mobile wallets, PrePay, PostPay and buy now, pay later (BNPL).
E-commerce includes all consumer-to-business and consumer-to-consumer transactions that occur over the internet, including via websites, apps, the Internet of Things (IoT) and an evolving array of new platforms, devices and experiences. Bill payments are not included, but purchases made online that are settled via invoicing or with cash on delivery are included.
Bank transfers allow consumers to make e-commerce purchases by paying merchants directly from their bank account. Bank transfers take place within retail banking applications, in dedicated bank transfer apps and directly via e-commerce websites and apps. In 2020, bank transfers represented 7.7% of all ecommerce transactions globally.
Buy now, Pay later (BNPL)
BNPL services are post-purchase payments allowing consumers to make payments in interest-free installments or pay off the invoice after a determined period. A growing e-commerce payment method, popular BNPL services include Affirm, Afterpay and Klarna. BNPL accounted for 2.1% of global e-commerce transactions in 2020.
Once the undisputed leader in POS commerce, cash accounted for 18.2% of POS spend in 2020. Cash is projected to continue to decline in use and will account for only 10.6% of POS spend by 2024.
Cash on Delivery
Cash-on-delivery (COD) transactions feature payment for goods in cash at the time of delivery. COD remains an important payment method by offering an essential link to e-commerce for unbanked consumers.
An anchor of consumer payments for over half a century, credit cards are issued by financial institutions affiliated with a global card brand network such as Mastercard, Visa, UnionPay, etc.
Debit cards allow consumers to purchase with funds directly debited from accounts held at their financial institution. Debit cards are issued by financial institutions affiliated with a global card brand network.
Direct debit is an e-commerce payment method where customers give a retailer permission to withdraw funds directly from their bank account on a specified date after the purchase.
Digital wallets and Mobile wallets
Digital wallets and mobile wallets are modern payment methods that allow consumers to securely store payment credentials to pay for purchases. Mobile wallets such as Apple Pay, Google Pay and Samsung Pay work only within the specific mobile operating system (OS), whereas digital wallets such as Alipay, WeChat Pay, Paytm and Amazon Pay are OS-agnostic. Many popular wallets are both digital and mobile, and are accepted virtually everywhere commerce takes place: online, in-app or in-store.
Prepaid cards are issued by financial institutions that run scheme networks such as Visa and Mastercard. Prepaid cards can be funded one time or be reloaded, and they can be used to make purchases as easily as debit or credit cards.
Payment processing overview
Market-leading, end-to-end OMNICHANNEL merchant processing solutions:
Processing currencies & remittance currencies
Merchant acquiring (low-mid & high-risk)
Alternative payment solutions supported
Speed and simplicity at its core
Flexibility to process various payment and settlement methods
Security and compliance at its foundation
Next generation transaction monitoring
Best-in-class services for compliance and security
Direct international working relationships with acquiring banks, EMI license holders, ISO’s and other PSP’s enabling a global merchant payment processing network.
Processing currencies & remittance currencies
What sets us apart
Where we are
Offering precision solutions following close consultation
Innovative and disruptive
Challenging industry standards
Delivering increased efficiency and empowerment
Consistently evolving to disrupting the competitor landscape
Accountability, clarity and integrity are engrained
Peace of mind
An un-interrupted, accountable experience
Delivers real talent as payments experts
***Services and solutions offered through Vasu International Payment Solutions Inc. (Philippines), and/or Vasu Australia Pty. Ltd. (Australia), are subject to business approval, geographical availability, and regulatory authorization, and there is no guarantee that the product will become available in a specific timeframe, or to a specific customer group or geography. You should carefully conduct your own investigations and analyses in connection with any participation with the services and solutions, including your objectives, risk factors, fees, and expenses and the information set forth in these materials. All prospective users of the services and solutions described herein are advised to consult with their legal, accounting and tax advisers regarding any potential participation. Services and solutions are subject to change pending availability, regulatory approval, and market conditions. Additional information is available upon request.