Why virtual bank accounts are the key to seamless cross-border trade. Digital transformation has never been more crucial to banks and fintech organizations looking to thrive and grow in the current climate, and virtual bank accounts are a great way…
Learn why fintech APIs are driving an explosion of new business models, and how you can leverage APIs to power innovation. Fintech APIs (application programming interfaces) are transforming an industry historically resistant to change. Their increasing adoption and use throughout…
B2B ecommerce owners are finding that digital commerce is just as critical or even more critical to them than to B2C companies. Today’s B2B buyers are more likely to educate themselves, find solutions and buy online. The global B2B eCommerce market…
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…
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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…
Here's what payment pros need to know and how payment orchestration can benefit you. Payment orchestration platforms (POPs) provide a single technical framework that triggers, directs and validates all transactions between merchants, customers and payment providers. Payment orchestration covers every…
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…
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…
Here's how to expand your business with subscription-based, recurring payment models. As technology evolves, so do the ways consumers access content. People are no longer limited to one-time purchases; we now have more opportunities to partake of recurring, subscription-based goods…
What you need to know to thrive in the world of B2B ecommerce. 2020 made it very obvious that having the tools and capabilities to sell online is essential for businesses regardless of if they are B2B or B2C. These…
Chargeback fraud is growing. here’s how to protect your business. What Is a Chargeback? Chargebacks happen when a purchase is reversed and a consumer gets their money back because of a dispute initiated with their card company. Originally, the concept…
How ecommerce payments will change in 2021. Starting an ecommerce company has never been easier thanks to ecommerce platforms like Shopify, WooCommerce, and Wix. Companies and entrepreneurs can now build their online stores in a matter of hours. At the…
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…
Check Out Interviews and Insights from the Singapore FinTech Festival The 2020 Singapore FinTech Festival grew into a global phenomenon, with 40+ events in Fintech Hubs around the world and 5 days of 24/7 online engagement. Rapyd was proud to…
Arik shares his lessons learned in 2020 and how to survive and thrive in 2021. 2020 was a tough year for businesses across industries and around the world. Everyone has faced exceptional challenges and we have had to completely change…
Prepare for the coming wave of internet of things enabled payments. The IoT (internet of things) sector is growing by 15% every year, according to payments and banking analysts (Mercator Advisory Group). There are now more connected devices, like fridges,…
Inspiring ways businesses are using PWAs to reach and engage users. Mobile websites are fast, easy and inexpensive to produce, however, the user experience is not as good as that of a mobile app. Developing and maintaining a mobile app…
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…
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 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.…
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…
Personalizing Your eCommerce Payments Process Is Key By personalizing your customers' ecommerce payments experience and rethinking key elements of the checkout process, you can optimize sales conversion rates and create a friendlier and easier-to-use experience for your shoppers. One Size…
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…
The Future of Commerce is Mobile Every day shoppers around the world are choosing to pay for their everyday items with the mobile devices in their hands in place of the cash and credit cards in their wallets. Thanks to…
Rapyd conducted a survey online in August 2020 to determine how the COVID-19 pandemic had impacted US consumers’ preferences for cash and digital payments. We found that consumers are more eager than ever for merchants to adopt digital payment methods.…
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…
Companies that Traditionally Relied on Cards Must Accept Mobile Payments or Risk Being Left Behind US consumers are more eager than ever for merchants to accept mobile payments, ewallets and other alternative payment methods. Merchants that enable customers to pay…
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…
For marketplaces looking to receive payment from customers or pay their sellers locally or overseas, the ability to easily collect and disburse funds in your user’s preferred method is a constant challenge. With global growth comes new regulatory, compliance and…
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…
This is the third in a series on the impact of COVID-19 on the digital economy. For more, please read Defying the COVID Economy: These Industries Thrive During the Economic Downturn There’s no denying that the COVID-19 pandemic has done…
The COVID-19 pandemic has made ecommerce an even more entrenched part of how we shop, buy and access products for daily needs. This effect is felt most in fast-growing ecommerce markets that were already experiencing large-scale shifts in consumer behaviors.…
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…
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…
Payment fraud is a global problem. In Europe's single Euro payments area (SEPA), annual losses owing to card fraud are approaching €2 billion. Across the Atlantic, the United States' Federal Trade Commission says it collected 1.4 billion fraud reports in…
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…
