What is a Payment Gateway?

A payment gateway is the online equivalent of PoS machines. That means, essentially, that a gateway works as a bridge between the website and the card acquirers or banks, providing the technical solution that authorizes card payments. When using a payment gateway, merchants are required to establish a contractual relationship with banks and card acquirers, as well as with the gateway provider.

What is a E-Wallet?

E-Wallet is the online equivalent of a physical wallet. It refers to an electronic device or online service consumers can use to make electronic transactions. Users can securely store their bank information and card details in the e-wallet system. Additionally, they can also fund their wallet account and use that money for payment transactions. Regardless of its type, an e-wallet is a payment method. A payment gateway on the other hand, works as a channel for the payment transaction between the buyer and the seller.

Therefore, consumers can choose to pay via digital wallet, but the website will still need the gateway to complete the transaction. We bring you experts from the world of e-commerce to share with you helpful tips and knowledge that you can apply for your e-commerce business.

Key takeaways
– Advantages and disadvantages of e-wallets and payment gateway.
– Recommended payment gateway and e-wallets you should focus on.
– How to get started with setting up your own payment gateway?

Agenda
Introduction to Sidec
Speaker 1 – Heliziana Madzin from PayNet
Speaker 2 – Gimmy Ong from ipay88
Speaker 3 – Kenneth Kuan from KiplePay

1EC101 2021 - E-Commerce Marketplace27m
2EC 102 2021 : E-Commerce Website27m
3EC104 2021 Social Commerce25m
4EC104 2021: Introduction to E-Commerce25m
5EC105 2021 : Cross Border E-Commerce39m
6EC201 2021 - Payment Gateway & E-Wallet23m
7EC202 2021 - Logistic & Fulfilment31m
8EC203 2021 - Customer Relationship Management25m
9EC204 2021 Product Branding Strategy39m
10EC205 2021 Data Analysis & Online Traffic33m
11EC301 2021 Social Media Marketing39m
12EC302 2021 Google Marketing34m