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Evolving Role of Payments in a Customer Centric World Worldpay - Rethink

The Evolving Role of Payments In a Customer Centric World

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Page 1: The Evolving Role of Payments In a Customer Centric World

Evolving Role of Payments in a

Customer Centric WorldWorldpay - Rethink

Page 2: The Evolving Role of Payments In a Customer Centric World

The shift in the revenue modelTraditional Software Licensing Business Model

One-time Sale of Software

Success Depends on Sale of Software Copies

CAPEX Model

Software-as-a-Service Business Model

Recurring Revenue Relationship

Success Depends on Number of Customers

OPEX Model

Page 3: The Evolving Role of Payments In a Customer Centric World

And this has resulted in industry buzzwords such as

Customer Success

Page 4: The Evolving Role of Payments In a Customer Centric World

Customer ROI

Product ROI

Product Focus

Page 5: The Evolving Role of Payments In a Customer Centric World

So What Role Do Payments Play In This?

Page 6: The Evolving Role of Payments In a Customer Centric World

Pricing - an integral component in any recurring revenue relationship

… And in SaaS, it’s tricky! The shift from CAPEX model to OPEX model is driving the shift in how products are priced and customers are acquired.

Page 7: The Evolving Role of Payments In a Customer Centric World

The ability to accept frictionless payments globally is an essential component

… And any friction here will lead to customer churn

Page 8: The Evolving Role of Payments In a Customer Centric World

Ingredients of Operational Hygiene in Frictionless Payments

The ability to - assess risk - graceful recovery from payment failures - accurate revenue management

Page 9: The Evolving Role of Payments In a Customer Centric World

Customer Support

Product Familiarisation

Product Experience

Product Purchase

Customer Experience

Billing

Payments

Page 10: The Evolving Role of Payments In a Customer Centric World

Thank you!