With a growing eCommerce market, businesses using the top payment methods in Spain will gain an edge in Spain and improve their global presence too. Spain has one of the biggest economies in the EU and at a projected 12.6…
Here's how open banking in fintech is reshaping the global financial sector. For years, merchants and individuals dealt with the complexities of legacy banking operations. Lack of transparency, accessibility and lengthy bank processes pose numerous challenges. Each financial product and…
Learn how to select the mass payout platform to streamline your digital disbursements globally. What is a Mass Payout Platform? A mass payout platform allows you to quickly and easily make a batch payout. This platform can help you streamline…
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Card-issuing APIs make it easier to issue cards, creating an improved experience for your customers, and greater accessibility and control for you. What are Card Issuing APIs Card-issuing APIs (Application Programming Interface) are used by businesses of all sizes to…
Learn how the right international mass payments solution can drive loyalty and simplify payouts. Making international mass payments is far from simple. Thankfully the payments landscape is quickly evolving to make global mass payments quicker, more secure, and easier than…
Learn how doing payment disbursement right supports effective business management and good working relationships. Disbursing funds around the world is increasingly complexity and involves a complicated network of disparate systems and processes. By choosing the right payment disbursement solution, organizations…
Transacting in Europe? Avoid these common mistakes when choosing cross-border and international payment processors. If you're an ecommerce business looking to trade throughout Europe, there’s more to accepting international payments than simply finding the right payment processor. You need to not…
Know what to look for in a payment gateway & which ones are the top payment gateways and payment systems in the European Union and across Europe A payment gateway is a crucial component of payment processing for merchants. It…
Choose the right credit card processor to make accepting international payments in Europe simple and easy. Customers making purchases online have come to expect that they will be able to pay using their credit or debit card — no matter…
Although the wallet isn't intended for payments, it will still greatly expand digital commerce possibilities across Europe as identity verification processes get quicker, simpler and more secure. On June 3, the European Commission revealed their plans for a European Union…
Here in Brazil, we say that when you join fintech and e-commerce, you become addicted to it. That’s exactly what happened to me when I joined Fintech 8 years ago - and I have not looked back. Fintech and eCommerce…
Discover how digital wallets are used in Europe - and how they are reshaping commerce. In the last three years, the transaction value of European digital and mobile payments increased by over 30%. These payment methods are continuing to rise…
Discover the ROI of Implementing Rapyd Fintech as a Service. Download the Forrester Consulting Report.
Merchants must be able to offer and process the payment methods preferred by their customers. Businesses need to invest in payment processing services that address the expectations of their customers today and in the future. There are a number of…
Go global by presenting local payment options at checkout. Credit cards are one of the most popular payment methods for ecommerce, used in 41% of online transactions, most commonly in longstanding ecommerce markets, including Europe and the Americas. (Global Data)…
Unlock the full potential of these 8 APAC nations by understanding consumers’ preferred payment methods. This post covers payments and e-commerce insights in: India Indonesia Japan Malaysia Singapore South Korea Taiwan Thailand Southeast Asia has emerged as the roaring lion…
An ecommerce platform comparison guide. Magento vs Shopify: it’s a choice many merchants wonder about as they seek out an ecommerce platform to support sales and revenue ambitions. Here’s a detailed look at what both platforms offer. What are Shopify…
The cross-border payments landscape in Latin America. Accepting and sending cross-border payments in Latin America can be challenging for international merchants. Four of the world’s top 10 countries with the lowest bank account adoption are in Latin America and there…
Omnichannel ecommerce and supply chain innovation. eCommerce has grown rapidly worldwide. In fact, from 2014 to 2020, it has seen a massive 220% growth rate. To date, this market is worth over $4.2 trillion and climbing. By 2024, the global…
Discover which of the top international Magento payment plugins is right for your business. Merchants looking to present a professional online presence have a wide range of ecommerce platforms to choose from, one of the best of which is Magento.…
Online payment methods in Malaysia: an emerging market poised for growth. Malaysia is a hot destination for businesses looking to expand to emerging markets. Malaysia is seeing GDP growth that is both high and relatively consistent when compared with other…
South Africa is Rapidly Digitizing, So Are Its Payment Methods Selling directly to consumers and accepting B2B payments in South Africa requires a deep understanding of South African’s payment methods. In the Rainbow Nation, payment methods are as diverse as…
eCommerce is Primed to Prosper in the Philippines The Philippines is one of Asia’s most exciting and dynamic countries. In a population of almost 110 million people, about 60 million people are connected to the internet (World Factbook). Given the…
Your guide to capitalizing on the growing Latin American ecommerce market by offering local payment methods. Accepting cross-border payments in Latin America means understanding the market, so merchants looking to trade in the region should ensure they approach it in…
Discover the local and global payment methods preferred by Japanese consumers. Japan is a densely populated nation of 126.8 million citizens, often touted as the mecca of technological innovation. (JP Morgan) It may come as a surprise that Japan has…
A super app unifies many different app functions into one easy user experience. Super apps offer a service ecosystem, with countless ‘mini app services’ integrated together. Many of these apps began as ride-hailing, service, or social media apps and then…
A Market in Flux Creates Opportunity for Businesses that Quickly Adapt to Changing Consumer Behaviors. Between Brexit and the coronavirus pandemic, the United Kingdom is in a moment of massive economic upheaval. U.K. consumers across Britain, Northern Ireland, Scotland, and…
4 Key Benefits of Payment-as-a-Service Platforms As the global economy becomes increasingly connected, business owners everywhere cannot afford for their payments systems to lag behind. More complex compliance demands, along with evolving consumer behaviors and increased instances of fraud all…
Thailand is on the verge of an ecommerce boom – are you ready to capitalize on it? Thailand is a lucrative and exciting market, with a tech-savvy and mobile-first population. Despite ecommerce sales only making up 2% of total retail…
B2B companies must embrace omnichannel sales. Here's how to make it happen. It’s clear omnichannel B2B commerce needs to become faster and smoother for business buyers. The speed and convenience of consumer commerce have reshaped expectations, thanks to almost blanket…
Create a better customer experience across every touchpoint. Consumers can now use as many as six different touch-points when buying a product and 90 percent say they have high expectations for omnichannel commerce experiences. – CX Today What Is Omnichannel…
Understand the impact of Brexit on selling and accepting payments in the UK. If you have a global ecommerce business, UK payments will probably be impacted by Brexit. Although the vote that decided the UK’s departure from Europe took place…
What is card issuing? Card issuing is the process of enabling businesses to issue credit, debit or pre-paid cards to their customers either in the form of physical or virtual cards. The reason why many organizations look into how to…
Adjust existing rewards programs and learn how to create new programs that succeed in the Latin American market. As payment method trends in the LATAM Market continue to evolve toward mobile money and contactless payments, trying to impose the old…
Do you know the best ecommerce payment methods for growing sales with your shoppers? Here’s how your global audience prefers to pay. The best ecommerce payment methods to offer in your online store often depends on the location of your…
Gain an advantage in any market by enabling different payment methods to meet customer needs and preferences. eCommerce continues to explode around the world in popularity and necessity, and the need for businesses to reach a global consumer audience is…
Look for Payment Processing Software with These Features To Power eCommerce Growth Having great payment processing software will be critical to merchants who wish to capitalize on the global ecommerce market, which is projected to be worth $5 trillion in…
Instant Payout Solutions for Marketplaces and the Gig Economy In a business climate where workers, sellers and contracts aren’t always local, getting to grips with the best way to make payouts isn’t easy. For businesses working in the gig economy…
Localize Payments to Reach More Customers Nearly 88% of merchants consider international sales essential to their long term viability. Yet only 35% of ecommerce leaders feel fully prepared to handle international transactions. (Visa) To reach new markets, businesses need to…
FinTech Magazine has Named Rapyd a Best Payment Processor on Their Top 10 Payment Companies List According to FinTech, Rapyd was included because we are “allowing consumers to access one of the world’s largest payment networks featuring over 900 locally-preferred…
How COVID-19 Changed Payment Processing and How eCommerce Businesses can Successfully Adapt So many things have changed this year thanks to the COVID-19 pandemic. Consumers’ needs and expectations are drastically different and businesses need to evaluate their payment processing services…
What You Should Know When Exploring eWallet Payment Solutions Globally, digital wallet payment method adoption is projected to exceed 1.3 billion consumers by 2021, with Asia Pacific and some European markets leading the way. (Fintech News) Smartphones are now…
Global Digitization for US Based Companies Is Full of Challenges but Payments Doesn't Have to Be One of Them. Digitization is a vital part of business continuity, even more than new offerings or service expansions. And while global expansion can…
Subscriptions and Recurring Billing are Transforming Business Models Across Industries Across all businesses, subscription payment models are changing how consumers read, listen to music, manage their fitness, watch television and so much more. What is behind this trend and why…
eCommerce Merchants Need Cash Acceptance beyond Oxxo Payments at More Convenient Locations Only 37 percent of Mexicans have a bank account. (Center for Global Development et al.) With ecommerce surging in popularity, partially due to the COVID-19 pandemic, the ability…
The Challenge of Cross-Border eCommerce There is nothing that strikes more fear (and frustration) into an ecommerce manager’s heart than discovering that a big portion of their hard-won visitors jumped ship right before completing the sale. As more businesses are…
Consumers’ Pandemic-Related Aversion to Cash and Coins has Fundamentally Shifted Global Payment Preferences According to Rapyd’s research, in 2020, consumers formed new preferences for payment methods that don’t make them touch card readers, manually key PINs, touch device screens, or…
Your Guide to Growing Cross-Border Sales, Increasing Cart Conversions and Successfully Navigating the South Korea Payment System With over 80% of its population using the internet,1 South Korea is the third-largest retail ecommerce market in APAC following China and Japan.…
Australian online purchases soared by more than 85 percent in August, compared to the same time last year1 Australia Post, which is hiring more than 4000 extra staff to keep up with demand, delivered to eight million households between March…
Brazilian Payment Preferences Driving Sales For Online Merchants Analysts have long eyed Brazil for its potential to host a Latin American ecommerce boom. Brazil is showing signs it can deliver on this promise by reforming its financial sector to create…
Choose the Best Acquirer for Accepting Credit Card Payments in Europe Merchants looking to expand into Europe need to offer customers the methods of payment that they prefer and trust. Although each country displays its own unique preferences and behaviors,…
The payments landscape is evolving because of fintech advances and the ever-shifting sands of consumer habits. From COVID creating an uptick towards contactless payments by customers, to voice commerce on devices like Alexa — here’s five payment trends to watch.…
With More Business Taking Place Remote and Online, Your Ability to Send Payouts Is Just as Important as Your Ability to Accept Payments Today, many accounts payable departments rely on outdated systems and processes to make cross border payouts. By…
COVID-19 Isn’t the Only Thing Shaking Up the World of B2B eCommerce B2B ecommerce is growing nine-times faster than all U.S. manufacturing and distributor/wholesaler sales.1 Broad factors are at play above and beyond the impacts of the virus. The growing…
B2B Payments Explained The B2B payment landscape is evolving rapidly. As more businesses shift to digital selling, it’s important for merchants to understand the B2B payments ecosystem and its challenges and opportunities. With digital transformation ramping up, it’s also a…
Secure Payment Processes: The Cornerstone to Protecting Valuable Business and Customer Data As the number of transactions, customers and payment methods used online and in-store increases, merchants need to protect their businesses and their customers with secure payment processing. Cybercriminals…
For eCommerce Success, Give Your Customers What They Want A bedrock truism for business success is to “give the customer what they want.” This idea definitely applies when it comes to choosing the best international online payment system. In fact,…
Drive International Success with Local Payments Businesses are no longer limited by physical borders. Understanding customers’ payment preferences and offering local payment methods creates an optimal checkout experience that increases sales. This guide looks at how culture, behavior and available…
For European Merchants, It’s Time to Embrace a “Cards Plus” Strategy for Online Payment Methods When it comes to modern ecommerce and European payment methods, more is more. Cookie-cutter approaches that offer a limited number of payment options for ecommerce…
Need to Improving B2B Cash Flow? Here Are the Pros and Cons of Early Payment Discounts and an Alternative Most Businesses Overlook It is impossible to overstate the importance of strong cash flow to the health of a B2B business.…
Local Payments Are Becoming One of the Top Digital Transformation Trends in Retail in 2020 Since the COVID-19 pandemic, business models for retailers and e-tailers have changed overnight. In response, businesses must adopt digital transformation strategies that improve their ability…
The Power of Local Payments In A Global Market eCommerce isn’t just becoming more global, it’s also becoming more local than ever before. Your company’s website is an essential place to both localize the shopping experience and optimize the checkout…
Businesses Need to Accept Local Payment Methods in India to Meet Consumer Preferences To secure a foothold in the $36.5 billion1 Indian ecommerce market, digital commerce leaders need to offer a range of payment options. Even before the offline-to-online shift…
Mexico’s Payment Methods that Local and Cross-Border Merchants Can’t Overlook. With 127 million1 inhabitants, Mexico is the 10th most populous country in the world—and many of those people still haven't fully embraced online shopping. But with an annual growth rate…
India is home to the highest consumer ecommerce growth rate in the world.1 This market has seen explosive adoption of digital money and smartphones over the last five years2 and the Covid-19 pandemic has further accelerated this trend. The government…
In Mexico, government programs are improving internet connectivity, driving the adoption of digital payment methods and growing smartphone use at the fastest pace in Latin America. While buying habits are shifting quickly, payment preferences are slower to change. A considerable…
France is one of Europe's top online markets for fashion. French consumers favor credit cards, though their preferred payment methods vary based on what they're buying. Any company expanding into France should be prepared to offer all preferred local payment…
Ecommerce is alive and growing in the U.K.1 Even as physical stores shuttered during the pandemic, ecommerce has gone on to take its largest-ever share of retail spending—22.3% of all sales, according to trade magazine Internet Retailing (1). The U.K.…
Opportunity abounds in Eastern Europe for ecommerce merchants who adapt their sites to local ecommerce and payment norms. The idea of Central and Eastern Europe (CEE) as a cohesive region is a misnomer. In many ways, the only similarities shared…
Platforms that Don’t Offer Real-Time Payments are at Risk of Losing their Sellers and Gig-Workers. Globally, 85% percent of gig economy workers would work more often if they could get paid faster, according to a recent analysis by PYMNTS.com.1 Gig…
Global cross-border shopping will make up 17% of ecommerce by 2023, with sales of $736 billion globally, according to an eShopWorld report1. Given these estimates, global cross-border ecommerce opens up significant growth potential for businesses. Four billion people have the…
According to Gartner, “Application leaders responsible for payments can optimize customer experience and save time and money by asking payment vendors 12 key questions.1” Consumers are increasingly demanding frictionless, fast and easy online payment experiences. Current global conditions have accelerated…
We are entering the fourth industrial revolution1: artificial intelligence, robotics, and connected societies are powering new businesses that leverage the broader opportunities of the diverse, global workforce. Platform, marketplace, and gig-economy business models are taking advantage of workers and supply…
With the global COVID-19 Pandemic impacting every industry, innovative ecommerce leaders are looking for ways to grow while meeting consumers’ rapidly changing needs. Many digital content and digital subscription companies are seeing a global increase in demand and are eyeing…
The island nation of Indonesia is home to more than 200 ethnic groups1. With the world’s fourth-largest population and a GDP of over $1 trillion2, this archipelagic country boasts the biggest economy in Southeast Asia – a region brimming with…
Brazil offers ecommerce leaders lucrative opportunities in the largest eCommerce market in Latin America1. Understanding how Brazilian consumers engage in digital commerce and how they prefer to pay is absolutely vital to capturing and growing business. Online marketplaces, digital goods sellers…
Germany can be a challenging market for international ecommerce companies. It’s citizens favor German-made products — due in part to domestic companies' deep cultural understanding of their clientele. Companies looking to enter this market or succeed with cross-border sales need…
eCommerce sales ballooned to 691 billion1 Euros across Europe in 2019. While Europeans are united in their growing adoption of ecommerce, their preferences vary wildly when it comes to how they like to pay. European consumers demand trusted local payment…
When businesses seek fast-growing markets, they often think of Asia. But Latin America is a compelling choice for businesses with the know-how to meet local consumer payment preferences. Economic volatility and political unrest in countries, like Venezuela, tend to dominate…
The Asia-Pacific region accounts for nearly two-thirds of global transactions. To successfully tap into this market, ecommerce leaders must look beyond cards and popular ewallets like Alipay and WeChat Pay. “Too often, merchants and retailers enter APAC thinking that offering…
For ecommerce companies, marketplaces, and gig-economy platforms looking to expand in Asia, few countries compete with Singapore's combination of affluent consumers and digital infrastructure. Digital adoption and usage among Singapore’s citizens and government efforts to transition to a cashless economy…
Global eCommerce sales are on track to hit 4.13 trillion USD by 2020, driven by transactions from more than 2.1 billion buyers around the world. While most top-tier markets like North America and the UK are relatively consistent when it…
The UK's challenger banks have been snatching up market share for years, leading to massive funding packages and sky-high valuations. The excitement’s been enough to inspire a long list of hopefuls looking to claim their corner of the fintech renaissance,…
The Asia-Pacific e-commerce market has seen explosive growth in recent years thanks to some of the highest consumer technology adoption rates in global history. However, merchants are already experiencing growing pains due to regional challenges. It’s estimated that APAC will…
