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Across the world, digital transactions are moving at speed and at scale towards Local Payment Methods (LPMs). Even in countries where card-based payments were once dominant, the shift is gaining momentum (in North America, for example, card-based ecommerce payment is predicted to fall from 76% in 2023 to 66% in 2028).
But, if you’re a digital merchant, which LPMs should you choose?
It’s not an easy question to answer. Across the world, there are thousands of LPMs to choose from and, in some countries, there are more than 100.
Get it right, and you could benefit from increased efficiencies, better security, lower transaction costs, easier compliance, more scope for innovation, and – of course – higher conversion rates.
Get it wrong, and it could be a costly mistake – because some LPMs are ill-equipped for some types of commerce, some simply double-up on existing alternatives, and some are destined to be passing fads.
A new white paper from Boku sheds some light on the topic – explaining why it’s so important to get the choice right, why it can be so difficult to make that choice, and how to get it right.
Find out more. Choosing the right Local Payment Methods.
This whitepaper is authored by Payments Cards & Mobile on behalf of Boku. To find out more about our Products and Services contact us today:
Alex Rolfe – Managing Director
alex@paymentscm.com
Wendy Sanders – Business Development Director
wendy@paymentscm.com
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