The payment recovery solution Bounce integrates seamlessly with any platform to recover declined payments. By turning failed transactions into successful ones, the platform leverages machine learning technology to address card decline issues. Optimizing payment processes to meet specific needs, Bounce is the only solution that protects revenue flow in real time.

Bounce Co-Founder and CEO Bator Sutton shared insights about the company’s goals, mission, and vision: “Bounce is a payment recovery solution that turns hidden losses into absolute wins. Bounce is the only solution that gets your declined deals through and saves your customers experience and your revenue directly, in real time and without relying on customer action or on complicated sequences. Our AI-powered technology works with any billing or subscription platform of your choice and wins back your deals.

• Purpose: Solve the problem of failed legitimate payments by turning card declines into successful transactions, ultimately helping businesses recover lost revenue.
• Mission: Improve payments experience and create a seamless journey with no obstacles through advanced machine learning technology .
• Vision: Help businesses maximize their payments processes by creating a journey that is optimized to their and their customers needs.

We focus on US, Canada and UK and operate on NA and UK/EU.”

Machine Learning-Powered Transaction Recovery Approach: Absolute

When asked, “What services do you offer to e-commerce brands?”, Sutton stated: “We offer payment recovery for checkout, free trials, and subscription transactions, as well as a payments AI agent for payment cost optimization.”

Bator Sutton explained the challenges faced in e-commerce payments as follows: “Smooth conversions and checkout experience will be a main focus for e-commerce in general. Specifically for payments, Failed transactions and recovery present a critical challenge to the checkout / monetization experience, costing businesses significant revenue and customer loyalty. When transactions fail due to expired cards, insufficient funds, or technical errors, merchants often lack effective recovery mechanisms to salvage these sales.

Traditional recovery workflows are typically manual, delayed, or non-existent, leading to permanent loss of sales opportunities, lower order value and frustrated customers who may never return. These declined transactions don’t just represent lost immediate sales – they can damage customer relationships and result in higher customer acquisition costs as businesses need to find new customers to replace those who abandoned their purchases.”

Sutton added: “Bounce’s Absolute solution tackles this challenge head-on with its real-time ML-powered approach to transaction recovery. The platform can identify and recover up to 20% of lost checkout conversions by analyzing thousands of features in real-time to identify good users who were falsely declined. Another thing that sets Absolute apart is its unique zero-risk business model – there’s no platform fee, and they offer a 100% guarantee on every transaction we approve.

This means merchants can achieve immediate revenue uplift without any upfront investment. The ML solution integrates seamlessly with existing payment gateways and provides a detailed dashboard that tracks recovered deals and revenue uplift, allowing businesses to quantify the impact on their bottom line. Merchants have seen revenue increases of up to 5% through recovered transactions that would otherwise have been declined.”

The only solution that resolves failed payments: Bounce

In response to the question, “What differentiates you from similar platforms/companies?”, she stated: “Bounce is the only solution that solves failed payments within the merchant’s existing processing flow, keeps your customers and transactions seamless experience with no interventions or additional entities. Maintaining high recovery rates, with Bounce Absolute – you have full guarantee over the impact Bounce can generate. We are a team of Data and Eng. executives, ex. PayPal and Wonga, that identified failed payments as a critical issue with no good solutions that are relevant for e-commerce companies.”

Digital Payments Expected to Reach $33 Trillion

The “AMZ Mastermind Summit” event, moderated by WORLDEF E-Commerce Foundation Secretary General Sedat Ateş, was attended by Amazon sellers, Etsy sellers, Shopify sellers, representatives of retail brands, consultants, and industry stakeholders.

Professionals Met at the AMZ Mastermind Summit

The event addressed payment solutions for e-commerce sellers, networking opportunities, and insights into business growth strategies. The event offered unique networking opportunities, applicable business growth strategies, and the chance to connect with experts shaping the future of e-commerce.

WordFirst Türkiye Country Manager Kubilay Gençkan, who delivered the opening speech of the AMZ Mastermind Summit event, explained how WorldFirst facilitates international payments for Amazon sellers. WorldFirst General Manager of International Business Development Bruce Ding also shared evaluations about the company’s vision and goals.

Prof. Dr. Özgür Demirtaş Also Attended

One of the event’s speakers, Jimmy Lin, General Manager of the Cross-Border E-Commerce Department at M&SENSE (Suzhou) Technology Group Co. Ltd., gave a presentation on “How Chinese Sellers Can Use Their Strengths to Expand Their Sales Channels on Amazon.” Simon Gao, CEO of Nanjing KOG Network Technology Co. Ltd., addressed the topic “Optimizing the Supply Chain for Amazon Success.”

Finally, Finance Chair Prof. Dr. Özgür Demirtaş took the stage. In his speech, where he discussed the disruptive impact of artificial intelligence, he also made financial evaluations.

Innovative and Seamless Payment Solutions Globally: Checkout.com

Checkout.com offers innovative and seamless payment solutions to businesses around the world. As a global payment solutions provider, it focuses on payment performance, helping businesses unlock their full potential. The company is on a mission to equip businesses with the technology and tools they need to succeed in an increasingly digital economy.

Additionally, Checkout.com continues its efforts with a vision to build a world that fosters strong connections between businesses and customers by ensuring a seamless flow of payments. With a focus on innovation, reliability, and performance, Checkout aims to lead the payment industry by providing solutions specifically designed for modern business needs. Remo Giovanni Abbondandolo, General Manager, MENA at Checkout.com, spoke with WORLDEF E-COMMERCE about the company’s goals and services.

“We Are Committed to Accelerating the Transition to a Digital-First Economy in the Gulf”

Describing the company’s goals in the Gulf and Europe, Remo Giovanni Abbondandolo said, “In the Gulf, we are dedicated to driving the region’s shift toward a digital-first economy by delivering localized payment solutions with global reach, designed to enhance performance and meet unique market requirements. Our focus includes empowering sectors like e-commerce, fintech, and digital wallets while promoting the adoption of Alternative Payment Methods (APMs) to cater to the region’s diverse customer base. By prioritizing payment performance, we help businesses improve acceptance rates, reduce friction, and maximize revenue.”

Regarding Europe, he added, “In Europe, our goal is to help enterprises scale across borders by providing robust payment solutions that prioritize performance, scalability, compliance, and innovation. We aim to strengthen our partnerships with merchants, equipping them with the tools and insights to optimize payment processes, boost transaction efficiency, and unlock new revenue opportunities.”

“We Support Payment Transactions in Over 145 Currencies”

In response to the question, “What payment services do you offer in the regions you serve?”, Abbondandolo shared the following information: “Checkout.com offers a full-stack payments platform that supports online payments, recurring billing, and payouts. At Checkout.com, we prioritize payment performance to help businesses power their performance through payments and maximize their revenue.

We specialize in providing businesses with the ability to process payments in over 145 currencies and access to a variety of payment methods, including credit and debit cards, APMs, Apple Pay, Google Pay, as well as region-specific payment methods. In MENA, we focus on enabling businesses to access localized payment methods such as Tamara and Tabby, Mada in Saudi Arabia, and KNET in Kuwait. We also offer sophisticated fraud prevention tools to ensure a secure and seamless payment experience.”

“Checkout.com is Not Just a Payment Provider, But a Performance Partner for E-Commerce Sellers”

“For e-commerce sellers, Checkout.com is more than a payment solutions provider (PSP)—we are a performance partner,” said Remo Giovanni Abbondandolo. “We help merchants increase revenue by improving payment acceptance rates, offering real-time data and insights, and optimizing transaction processes. Our relentless focus on payment performance ensures that e-commerce businesses can provide a smooth experience to their customers while improving performance and increasing conversions.

In the MENA region (as well as globally), our partnerships with leading e-commerce players have resulted in significantly reducing failed transactions and increasing customer satisfaction. We also empower e-commerce businesses to expand beyond the region by providing a unified payments platform that handles cross-border transactions with ease. Our tailored solutions allow merchants to cater to local payment preferences while ensuring compliance with local regulations.”

“The Global Digital Payment Sector Has Rapidly Evolved”

Abbondandolo shared insights into the development of payment systems in the MENA region, stating: “The global digital payment landscape has witnessed remarkable growth over the past few years, and the MENA region has evolved even more rapidly, driven by the growth of e-commerce, fintech innovation, and increased adoption of digital payments. Governments are prioritizing cashless initiatives, such as Saudi Arabia’s Vision 2030, which has accelerated the shift toward digital payment systems. In parallel, the rise of APMs and real-time payments is transforming the way businesses and consumers interact.”

“We Specialize in Serving Large-Scale Enterprises”

Abbondandolo explained what sets Checkout.com apart from its other players in the market: “Our differentiation lies in our commitment to payment performance, seamless integrations, and localized expertise, with a specialization in serving enterprise merchants. We deliver industry-leading transaction acceptance rates, helping businesses maximize their revenue at scale. Our platform is API-first, offering merchants unparalleled flexibility to integrate payments into their systems efficiently and effectively.

Additionally, our regional expertise sets us apart. In MENA, for example, we offer deep market knowledge and localized solutions tailored to the region’s unique payment landscape. Beyond technology, we pride ourselves on our hands-on partnership approach, ensuring that our enterprise merchants have the strategic support and resources they need to grow and excel in competitive markets.”

“Checkout.com Team Consists of Over 2,000 Payment Experts Worldwide”

Remo Giovanni Abbondandolo shared that the Checkout.com team comprises over 2,000 payment experts worldwide. He also noted the company’s strong presence in the MENA region, APAC, Europe, and the U.S., saying: “Our diverse team brings together a wealth of expertise in technology, finance, and e-commerce, enabling us to deliver innovative and localized solutions to businesses worldwide. At Checkout.com, we offer a dedicated white-glove service. We provide our clients with a dedicated solutions engineer with deep knowledge of their industry, allowing us to precisely understand what they want to accomplish.”

He further added, “In the MENA region, we have a dedicated team that understands the nuances of the local market and works closely with merchants to address their specific needs. Our collaborative approach ensures that we are always aligned with our merchants’ goals and priorities, yet focused on the long term. Our next-generation technology does not simply give businesses the ability to accept payments. It seamlessly brings solutions, systems, and providers together for the long term.”

“Payment Performance is at the Heart of Everything We Do”

Abbondandolo emphasized Checkout.com’s commitment to fostering the growth of digital commerce in the region, stating: “Our collaboration with WORLDEF has been a valuable platform for fostering meaningful conversations about the future of e-commerce and payments. Through our partnership, we’ve had the opportunity to engage with industry leaders, share insights, and showcase our expertise in driving payment innovation. WORLDEF’s events have allowed us to connect with merchants and stakeholders, reinforcing our commitment to supporting the growth of digital commerce in the region.”

Finally, he added: “As we look ahead, Checkout.com remains focused on empowering businesses to thrive in the evolving digital economy. Payment performance is at the heart of everything we do, driving business growth, customer engagement, and market expansion. With this vision, we will continue to innovate, collaborate, and deliver solutions that redefine what’s possible in the world of payments.”

Spending through digital payment methods is projected to reach $33.5 trillion by 2030. Consumers are expected to use bank and credit cards less frequently in the coming years, shifting more towards mobile wallets.

According to the 10th Global Payments Report by digital payment provider Worldpay, online and in-person digital payment spending grew from $1.7 trillion in 2014 to $18.7 trillion in 2024. The report forecasts that spending through digital payment methods such as digital wallets, “buy now, pay later” services, and account-to-account payments will reach $33.5 trillion by 2030.

81% of E-commerce Payments in Asia-Pacific Are Made via Mobile Wallets

In contrast, U.S. consumers use mobile wallets for only 39% of online shopping and 16% of in-person transactions. Meanwhile, in Asia-Pacific countries, 81% of e-commerce payments and 59% of point-of-sale transactions are made via mobile wallets.

Cash Spending in the U.S. Drops to 15%

Nearly two-thirds (67%) of all consumer spending in the U.S., both online and at points of sale, is conducted via credit cards, debit cards, and prepaid cards. In 2014, cash accounted for 44% of in-store spending in the U.S.; by 2024, this figure had dropped to 15%.

Digital Payments to Account for 52% of E-commerce Transactions

Worldpay’s report predicts that digital wallets will play an even larger role in both e-commerce and point-of-sale payments in the near future, primarily funded by credit and debit cards. In the U.S. and Australia, 70% of digital wallets are funded by cards, while the share stands at 67% in the UK, 56% in India, 53% in Brazil, and 46% in China.

By 2030, digital payment methods are expected to account for 52% of e-commerce transactions and 30% of point-of-sale transactions. In contrast, the share of credit cards in e-commerce transactions is projected to decline from 40% in 2014 to 22% in 2030, while their share in point-of-sale payments is expected to drop from 48% to 32%.

Digital Payment Usage in Large Enterprises Rises to 64%

Key digital payment insights from Worldpay’s report include:

• In the U.S., one in five transactions were cash-based in 2014, but this figure fell to 11% last year.
• By 2030, only 9% of U.S. consumer transactions are expected to be conducted in cash.
• Approximately one-third (32%) of U.S. consumers use credit cards for payments, while 30% use debit cards, and 16% pay with cash.
• Digital wallet usage in large enterprises increased from 48% in 2022 to nearly two-thirds (64%) in 2023.
• In the service sector, digital wallet usage rose from 43% in 2022 to 61% in 2023.

WorldFirst grows e-commerce businesses with payment solutions

With the Gulf e-commerce market projected to reach US$50 billion in 2025 (*), businesses are navigating new challenges like cross-border payments, currency exchanges and marketplace integrations to meet regional and international demand.

WorldFirst simplifies these complexities, offering businesses a one-stop solution to manage global payments efficiently and securely, allowing them to focus on growth instead.

Introducing WorldFirst

Launched in 2004 and now part of Ant Group, WorldFirst combines innovation with trusted financial infrastructure to support your global ambitions.

Back then, we were just two people frustrated with how complex and costly it was to send money abroad. So, we set out to change it. Our humble beginning drives our mission to transform how companies like yours do global business.

We believe every business, no matter its size, deserves a shot at the global stage. We’re proud to have served the international payment needs of over one million businesses since opening our doors, and empowering small businesses to thrive in the global economy.  

Manage international payments like a local

At WorldFirst, we understand cross-border business. We know that managing international payments, navigating marketplaces and controlling costs are some of the biggest challenges facing you today.

We know that this is what e-commerce sellers are looking for:

• Easy payments: Businesses need a way to handle payments in multiple currencies while minimising delays and transfer fees.
• Marketplace collections: E-commerce and marketplace sellers need a way to consolidate earnings from multiple marketplace platforms and payment gateways, with a centralised account view to for better cash flow visibility.
• Transparent costs: Companies need clarity on currency exchange rates and transfer fees to accurately plan budgets and control costs. We’re dedicated to empowering e-commerce businesses with the tools and support they need to grow globally.
• Security you can trust: WorldFirst prioritises your security, with stringent protections for your funds and data. We partner with reputable global banks, so you can transact with confidence.

* Forecasted e-commerce market size in the Gulf Cooperation Council region from 2020 to 2025’; Statista https://www.statista.com/statistics/1439925/gcc-forecasted-ecommerce-market-size 

TRPOS payment institution top management team, with a total of 57 years of sector experience, stands out from the payment companies in the market in terms of experience. TRPOS was established in Türkiye with completely domestic and national capital to provide service in its sector. With its advanced solutions, strong technical infrastructure, customer-oriented approach and expert staff, it aims to be a reliable solution partner in the market.

What is TRPOS?

TR POS; It offers Virtual POS, Physical POS and other alternative payment solutions under one roof, allowing fast and secure payment from all bank cards with a single integration.

TRPOS, with its sectoral experience, offers Virtual POS service with its strong infrastructure to all entrepreneurs serving in the field of e-commerce, while offering Cash Register POS solutions to all entrepreneurs in the retail sector.

TR POS’s primary goal is to minimize the losses of virtual and physical stores due to fraud with the software and risk control mechanisms it has developed and optimized within its own structure and to gain a reliable place in the sector.

Elekse appeals to a wide range of customers from SMEs to holdings. The platform offers innovative financial solutions.

Elekse, e-commerce makes payment transactions easier

It provides fast, secure and user-friendly payment alternatives for physical and digital platforms with its “EsnekPOS”, “CepPOS” and “Hoppa Cüzdan” products.

• EsnekPOS: Facilitates e-commerce transactions.
• CepPOS: Provides contactless payment via mobile devices.
• Hoppa Cüzdan: Offers a digital wallet experience integrated with daily life by making its users earn while spending with 4% cash back and AdımKazan features.

Elekse secures user data with PCI DSS, 3D Secure and tokenization technologies. While providing operational efficiency to businesses thanks to its strong integration capabilities, it offers solutions that facilitate cross-border trade in the global market.