Fintech: retailers should focus on cybersecurity

 

Developments in the fintech industry mean that more consumers are able to pay online easily. This is much needed in times like these since e-commerce has considerably grown. Nonetheless, to maximise on these advancements, merchants should focus on cybersecurity. This is because when a customer visits an e-shopping website, he/she expects that the payment services on offer are safe, failing which, he/she might abandon the buying process. One example of a security feature that retailers can look into is the ‘two-factor authentication’ method.


Merchants should offer secure payment services © Royalty-free image

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