A payment gateway is a digital service that facilitates online transactions from a customer to the seller. Think of it as a bridge between a customer’s payment method (e.g. credit card) and the seller’s payment processing service. Payment gateways make sure that confidential payment information is transmitted securely.
What is an example of payment gateway?
There are multiple payment gateways in Indonesia. Aspire is one such example of a payment gateway in Indonesia that facilitates online transactions between customers and businesses.
Explain what a payment gateway is and how it works?
A payment gateway is a digital service that facilitates online transactions from a customer to the seller in a data-safe manner. Here’s an example of how a transaction might involve a payment gateway: 1. The customer starts a transaction 2. A payment gateway (e.g. Aspire) ensures data security and passes the data on 3. A payment processor (e.g. Worldpay) verifies the transaction 4. The customer’s card issuer (e.g. a bank) approves the transaction 5. The money is passed to the seller and the transaction is completed
Why should you use a payment gateway?
Payment gateways offer an extra level of security for online transactions, and helps to reduce fraud and data breaches. It allows businesses to accept payments from customers globally, and processes these transactions in real-time. Payment gateways can also help businesses build trust and credibility among customers, giving them peace of mind knowing their payment information is safe.
Is payment gateway considered fintech?
Yes, payment gateways offer financial services and solutions rooted in technology, so they are considered as fintech companies.
PT Kharisma Catur Mandala is a payment system company regulated under Bank Indonesia with Funds Transfer license No: 20/231/DKSP/82, Payment Gateway license no: 22/454/DKSP/Srt/B, and has been registered as an Electronic System Operator (PSE) at the Ministry of Communication and Information of the Republic of Indonesia, Number: 000972.02/DJAI.PSE/08/2022. PT Kharisma Catur Mandala also works in collaboration with various affiliates and partners that is regulated by OJK or licensed by Bank Indonesia for various product and services. RDTX Tower Lantai 11 Unit 1106 Jalan Prof. Dr. Satrio Kav. E-IV, RT.5/RW.2, Kuningan Tim., Kecamatan Setiabudi, Daerah Khusus Ibukota Jakarta 12950, Indonesia