Optimizing Payment Conversion in the Telecom Industry

Industry Hacks 2: "Optimizing Payment Conversion in the Telecom Industry"

In the telecommunications sector, recurring payment failures can reach up to 30%, impacting both mobile operators' revenue streams and user experience.

#Bemobi has developed #OmniPay, a solution that optimizes conversion rates in digital payments while simplifying the user journey through three key aspects:

1. Network Token: This feature automatically updates payment details when a card is reissued or expires, strengthening security and reducing transaction failures.

2. Smart Retries: If a payment fails, the system notifies users immediately, prompting them to review and correct their payment method to ensure the transaction goes through.

3. Intelligent Payment Engine: It provides alternative payment options and notifies the user through the digital omnichannel solution to choose their preferred channel and payment method.

The impact of Omni Pay is clear: telecommunications companies using this solution have experienced notable increases of up to 20% in payment conversion rates.

For more information, visit https://www.bemobi.com/solution/omni-...