Continuing demand for choice, value, and flexibility is driving the rise of digital payments across the world. And this transformation is moving faster than anyone anticipated. E-commerce businesses have to tap into these trends to stay competitive and build greater brand loyalty in the future.
Consider this. Subscription businesses have grown by more than 400% over the last nine years. This is about five to eight times faster than traditional businesses! Subscriptions can help you to boost revenue and deepen engagement with your customers. But, managing them can pose their own hurdles. Learn how you can get the best out of your subscription payments.
Card payments across Europe totalled over € 3.8 billion in 2020. And as contactless buying soars, virtual cards are coming into their own.
The widespread emphasis on dynamic flexibility and interconnected solutions for a post-COVID economic resurgence is indicative of digitalization’s strong influence on global decision making, as well as, its value building abilities in the face of a global challenge. And contactless payment solutions are an important indicator of this.
In July 2020, the maximum limit for instant payment transactions will be raised from € 15,000 to € 100,000. This is expected to increase acceptance of real-time transfers and is expected to drive the development of the associated infrastructure.