Business Standard

Friday, December 20, 2024 | 05:20 AM ISTEN Hindi

Notification Icon
userprofile IconSearch

Embedded finance is making click buys easier

With product and financial sellers on the same page, the consumer finds it easy to just click through and buy

click buys
Premium

Technology companies are increasingly adding a layer of connectivity between banking firms and consumer-facing companies. This allows consumers to pay without leaving a site.

Pranjal Sharma
Browse, select, click and pay is a common enough sequence. The ease of buying on e-commerce sites has been enabled by the embedded finance. Technology companies are increasingly adding a layer of connection between a banking firm and a consumer-facing organisation. The layer of connectivity embeds a financial transaction interface that allows a consumer to make a payment or purchase without leaving an app or a site. 

The transaction could be a payment for a product or a service. Most importantly, the payment could be for an unrelated product but available on the same site. For example, while buying an electronic
Disclaimer: These are personal views of the writer. They do not necessarily reflect the opinion of www.business-standard.com or the Business Standard newspaper

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in