With online commerce booming, Asian banks and payment services providers have shown a clear interest in adopting 3-D Secure 2.0 or 3DS2.
This is an improved version of the 3DS authentication protocol for card payments that comes with increased security and which allows for a more frictionless commerce experience.
Nitin Palande, the Head of Sales and Partnerships for Asia Pacific (APAC) at Netcetera, a Swiss software company, sat down with Fintech News Singapore to explore this trend further.
“The new standard ensures strong security, seamless operation, and a high conversion rate for online businesses, benefits which stakeholders in Asia’s payment industry and merchants should be taken advantage of”, Palande said.