What is a Mobile Payment Gateway Integration?

Businesses want to provide their consumers the option to make purchases straight from a mobile app as mobile commerce is growing rapidly. In this blog, we will explore an overview of mobile payment gateway integration, what it is, why it’s important, how it works and the benefits it provides for businesses.

What is a Mobile Payment Gateway Integration?

A mobile payment gateway Integration allows merchants to connect their mobile commerce channels like mobile apps to a payment gateway to process transactions. It provides the technological link that allows payment and transaction information to securely flow between a merchant’s mobile platform and their chosen payment processor. 

The mobile payment gateway integration handles sensitive cardholder and payment data to enable different types of mobile payments like credit and debit card payments, digital wallet payments, bank account payments and more. It acts as the middleman to authorise and complete transactions made on mobile devices.

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Why is a Mobile Payment Gateway Integration Important?

With the rise of mobile commerce, consumers now expect to be able to pay for purchases conveniently from any device. A mobile payment gateway integration enables merchants to meet this growing customer demand for mobile checkout options. 

Some key reasons why integrating a payment gateway is important include:

1. Enables Payment Acceptance

Without a mobile payment gateway integration, merchants cannot accept any form of mobile payment. It provides the technological infrastructure required to process transactions made via mobile.

Customers are more likely to complete a purchase when they have easy access to their preferred payment methods directly on a mobile site or app. A payment gateway streamlines the checkout process.

2. Secures Sensitive Data

During a mobile transaction, sensitive financial information passes through the payment gateway, which encrypts and tokenises data to help prevent fraud and keep customers’ information safe. 

3. Supports Multiple Payment Methods

An integrated payment gateway provides access to various payment methods like credit and debit cards, digital wallets, bank transfers, pay later, UPI options and more through a single connection. This gives customers flexibility in how they pay.

4. Scalable for Growth 

As a merchant’s mobile business grows, their payment gateway can scale up to handle increasing transaction volumes without performance issues. By enabling mobile payments, merchants can reach customers who prefer shopping on their phones and tablets. This expands the potential customer base. 

5. Complies with Regulations

Payment gateways help merchants adhere to PCI DSS and other security compliance standards for accepting payments on mobile platforms. Leading payment gateways ensure all transactions are secured with the latest encryption standards. They also handle sensitive payment information in compliance with PCI DSS requirements, reducing risk for merchants.

How Does a Mobile Payment Gateway Integration Work?

1. Choose a Payment Gateway: Merchants research and select a reputed gateway provider based on features, pricing, supported markets and payment types. 
2. Create a Merchant Account: Merchants register for a merchant account with the selected gateway and submit business and banking details for verification and onboarding. 
3. Integrate APIs: The gateway provides APIs and documentation for merchants to integrate their checkout and payment processing functionality. This is usually done by a developer. 
4. Configure Payment Form: Merchants configure the payment form or buttons on their site/app to securely pass payment details to the gateway using the APIs. 
5. Process Transactions: When a customer checks out, their payment information is securely passed to the gateway, which processes the transaction with the associated payment processor. 
6. Receive Funds: Once approved, the payment amount less applicable fees are deposited in the merchant’s bank account as per the agreed terms. 
7. Manage Payments: Merchants can then log into their gateway account to view reports, manage disputes and refunds, and access other tools for their business needs.

Benefits of a Mobile Payment Gateway Integration

Some key advantages merchants gain by implementing a mobile payment gateway integration include:

• Increased Sales: Offering mobile payments drives higher conversion rates and more transactions. 
• Enhanced Customer Experience: Customers can pay seamlessly on any device for a more convenient checkout.
• Reduced Cart Abandonment: Fewer purchases are lost when customers can easily pay on their phone versus entering lengthy card details. 
• Simplified Reporting: Gateways provide consolidated reporting on all mobile and online transactions.
• Robust Security Features: Features like address verification, fraud protection, and tokenisation help prevent unauthorised access to sensitive payment information.

Get the best online payment gateway with NTT DATA Payment Services 

Merchants looking for a reliable and feature-rich payment gateway for their mobile payment gateway integration should consider NTT DATA Payment Services. 

NTT DATA Payment Services offers a complete payment solution to advance both your offline and online businesses from,

• Online Payment Gateway India
• POS machines
• IVR payments
• Mobile applications, and
• Bharat QR Scan and Pay

We ensure maximum comfort, convenience, and safety for all your payments.

Conclusion

Mobile payment gateway integration provides the technological support that allows merchants to securely accept payments made directly through their mobile commerce channels. By implementing an integration with a proven payment processor, merchants can enable flexible mobile payments, increase the security of financial transactions, improve the customer experience and boost online sales. 

With mobile continuing to transform commerce, having a reliable mobile payment gateway Integration is essential for businesses looking to succeed.

Mobile Payment Gateway Integration: FAQs

1. What is a payment gateway?  

A payment gateway is a merchant service which authorises credit card or direct payments processing for e-commerce and m-commerce transactions. It facilitates the flow of transaction information between a merchant’s website and acquiring bank.

2. How does a mobile payment gateway work?

A mobile payment gateway works by securely transmitting payment details from a customer’s mobile device to the payment processor via APIs. It encrypts sensitive data and handles authorisation, capture and settlement of transactions. 

3. What are the benefits of integrating a mobile payment gateway?

Key benefits include increased sales, enhanced customer experience, global reach, reduced cart abandonment, simplified reporting and robust security features.

4. Is a mobile payment gateway secure?  

Yes, reputed gateways are PCI DSS compliant and use advanced encryption to keep transactions and sensitive data safe. Features like tokenisation and fraud monitoring also enhance security.

5. What is the process for integrating a payment gateway?

Typical steps involve selecting a gateway, creating a merchant account, integrating APIs provided by the gateway, configuring the payment form and processing transactions.