Worldline and BRIDGE: introducing modern transport ecommerce
Specifically, BRIDGE will be integrating elements of its payment orchestration system into Worldline’s ecommerce platform for UK rail.
As consumer experience is continually shaped by exemplars of the digital experience (such as Amazon), these two collaborators are acutely aware that expectations for an equivalent in transport-based ecommerce are growing.
“We recognise the evolution of digital payments is still in its infancy, and set about creating the technologies that merchants need to retain flexibility, stay in control and stay ahead,” states BRIDGE on its website.
Collaboration for innovation
Worldline’s ecommerce platform features a host of different services, including route planners, reservation systems, accounting, digital payments and more.
By partnering with BRIDGE, the company hopes to unify its transaction solutions for the travel and transport industry.
“We believe in collaboration for innovation, ensuring that, through our partnerships, we always have the most inventive technologies built into our solutions.
“Working with BRIDGE’s specialist strength in payments integration and control means that we will be quicker in bringing a more agile and resilient payment ecosystem offering to our customers. It aligns with the Worldline vision of payments for a trusted world,” commented James Bain, CEO, Worldline UK & Ireland.
Central to this development is MaaS; envisioning a world where consumers opt for fast and convenient public transportation services instead of private vehicle ownership, Worldline and BRIDGE are determined to build the tech infrastructure needed to sustain this idea.
According to Brian Coburn, CEO at BRIDGE, the company’s technology will add connectivity, resilience and flexibility to Worldline’s platform:
“For transport companies and their customers, the ticketing system is so much more than a permit to travel, it’s a key part of the customer journey. Given its influence on trust and satisfaction, we see payments as an engine for opportunity and differentiation today and into the future.
“Through our partnership with Worldline, we look forward to seeing our innovation at work within a world-class transport ecommerce system and showcasing its impact on a frictionless customer experience.”
Tink partners with Novalnet AG for open banking payments
The Munich-based fintech Novalnet AG, which was founded in 2007 and is one of Europe’s leadingfintech companies, has announced a new partnership with Tink, the Swedish open banking platform currently connected to more than 3,400 European banks.
Novalnet AG delivers payment solutions and fully automated services, from checkout to debt collection. Its solutions are also available worldwide.
According to reports, the fintech company plans to launch a real-time payments feature for merchants across Europe, to expand its current services and enhance the transaction experience it operates through its platform.
The new feature, says Novalnet, will revolutionise payments for ecommerce with transactions being credited to merchant’s accounts almost instantly.
Novalnet partnership with Tink
By partnering with Tink for payment initiation services (PIS) technology, Novalnet will take previous region-specific payment methods and offer a new unified digital payments service to its merchants across Europe.
The fintech’s real-time merchant payments feature, which will be launched initially in Germany and the United Kingdom, will then be integrated across other European markets during 2021.
Speaking about the new collaboration, Emmanuel Kirse, COO of Novalnet, explained, "We expect great things from our strategic partnership with Tink, which is a significant development for both parties.
“With Tink, Novalnet can offer a new set of open banking-related solutions in Europe. The new opportunities offered by this partnership will help both Tink and Novalnet grow together, along with our merchants."
Cyrosch Kalateh, Regional Director for the DACH region at Tink said, “Our partnership with Novalnet is a big step for Tink in the German market, and we are excited to work together to bring new, innovative payments services to merchants across Europe.”
He added, “At the end of 2020 Tink committed to expanding its payment initiation services from five to 10 markets, fuelled by an €85mn investment round. We are proud to add Germany to this list by announcing we have now fully launched Tink’s PIS services in this market.”
Image credit: Novalnet AG