RegTech

Centili brings Trusted WEB, WAP Flows to Vodafone Spain

MEDICI

Vodafone Spain has adopted payments technology from Centili in order to facilitate customer payments for third-party services. Centili has developed a trusted payments flow for Vodafone Spain which improves conversion rates and transfers payment processing from the operator’s side to the merchant. With Centili, merchants can also add a fully-automated subscription management without the need to invest in extra hardware or software. It allows end-users to have continuous access to digital products and services without having to constantly renew their subscription.

In order to implement the trusted flow, merchants have to meet a set of quality standards set by Vodafone. Online vendors can now implement a fully-customizable payment page to match their website’s look and feel. With all payments being made on the page, without redirecting buyers to the operator’s service, merchants have full control of the mobile payment experience and can count on higher conversion rates as a result of the reduced number of steps in the user payments flow.

Depending on the channel that the customers use to initiate the purchase, the trusted service can provide Web as well as Wap based payment flows. The WEB flow consists of the users entering their phone number on the payment page. The MNO then sends an SMS with the one-time PIN to the user’s mobile phone who then enters the PIN on the payment page. The WAP flow is started by users simply tapping the payment page’s “Accept” button. The purchase is immediately charged to their mobile phone bill. This greatly simplifies the payment flow for end-users, resulting in higher payment conversion rates and less interrupted transactions.

Other highlights from Centili in payments space are:

  • True money Wallet, based in Thailand, had been integrated into Centili mobile payments. True Money Wallet has around 6 million registered users, with around 100,000 of them actively using e-wallet on mobile or on the web.
  • Centili had added a new payments option for MTN subscribers in Uganda, by connecting directly to the popular MTN Mobile Money service. Online merchants can now use our mobile payments solution to monetise their virtual and physical goods through an easy-to-integrate Centili web widget.
  • Centili has ventured into Latin America as well. Now, merchants can use Centili’s mobile payment system to reach customers in Brazil, Mexico and Columbia, with simple, secure and fast way of paying for popular digital content.

MEDICI Team

MEDICI

MEDICI Team is a group of content writers, bloggers, journalists, researchers, and editors from the MEDICI team who collaborate to create FinTech insights.

Apply to Become a Contributor