# Flexible E-Commerce Payments Faspay and Bank Permata Permit Payment by Phone, ATM and More By Laura McQuarrie | Published 2015-11-06 | Business Source: Trend Hunter, https://www.trendhunter.com/trends/ecommerce-payments References: [thejakartapost](http://www.thejakartapost.com/news/2015/11/06/faspay-permata-team-online-payments.html) & [faspay.co.id](https://faspay.co.id/) Payment provider Faspay and Bank Permata recently teamed up to enhance [e-commerce payments](https://www.trendhunter.com/trends/cannabis-ecommerce) by offering new options to online shoppers. When shopping online, this [flexible payment system](https://www.trendhunter.com/trends/flexible-payment-options) means that consumers have the option to pay from their mobile phones, ATMs, e-banking or with a credit card. To take part in the new system, online merchants don't even require an account with the Permata bank, because the system is already working with more than 80 banks nationwide. As an incentive for small businesses and start-ups, the system is free to use and a reduced charge is applied per transaction. While there is still a small percentage of people who opt for COD payments, this is expected to shift as consumers embrace [cashless, contactless methods of payment](https://www.trendhunter.com/trends/qr-codebased-payment). ## Trend Insights (Trend Hunter) - Score: 2.4/10 - Popularity: 32% | Activity: 33% | Freshness: 8% - Audience gender: 50% men, 50% women - Primary generations: Millennial, Gen X - Top markets: Europe, Asia ## Categories [Trend Hunter](https://www.trendhunter.com/trends) > [Business](https://www.trendhunter.com/business) > [New Ventures](https://www.trendhunter.com/newventures) ## Key Themes ### Why This Trend Is Growing - **Flexible E-commerce Payments:** Disruptive innovation opportunity: Develop an integrated payment platform that allows consumers to pay from multiple sources, including mobile phones, ATMs, e-banking, and credit cards. - **Cashless and Contactless Payments:** Disruptive innovation opportunity: Create technologies and solutions that facilitate cashless and contactless payments to cater to the growing demand for secure and convenient transactions. - **Partnerships Between Payment Providers and Banks:** Disruptive innovation opportunity: Build collaborative relationships between payment providers and banks to expand payment options and enhance e-commerce payments for a seamless shopping experience. ### Industries Being Reshaped - **E-commerce:** Disruptive innovation opportunity: Integrate flexible payment options into e-commerce platforms to attract and retain customers, boosting online sales and customer satisfaction. - **Payment Solutions:** Disruptive innovation opportunity: Develop innovative payment solutions that allow for diverse payment methods, enabling businesses to adapt to the preferences of their customers. - **Banking:** Disruptive innovation opportunity: Collaborate with payment providers to offer seamless banking services that provide customers with convenient and secure online payment options. ## Related on Trend Hunter - [Flexible Payment Features](https://www.trendhunter.com/trends/flexible-payments.md) - [Global Payment Solutions](https://www.trendhunter.com/trends/apay.md) - [Cashless Business Technologies](https://www.trendhunter.com/trends/aleta-planet.md) - [Modernized Digital Checkout Platforms](https://www.trendhunter.com/trends/digital-checkout.md) - [Secure Streamlined Checkouts](https://www.trendhunter.com/trends/aasaan-checkout.md) - [Instant Messaging Payment Solutions](https://www.trendhunter.com/trends/pay-by-text.md) - [Contactless Merchant Payments](https://www.trendhunter.com/trends/paypal-2.md) - [Comprehensive Indian Payment Tools](https://www.trendhunter.com/trends/bharatpe.md) - [Payment Solution Apps](https://www.trendhunter.com/trends/gmt-pay.md)