2018 Global Payments Report: 5 takeaways for merchant service providers
Worldpay’s 2018 Global Payments Report examines the ways global consumers pay, from Argentina to Vietnam and everywhere in between. Our report details how we pay today—and projects how we’ll pay in the future—globally, by region, and in 36 select countries.
Today’s payments landscape reveals a kaleidoscope of diversity, meticulously documented by our global team of payments experts. We look beyond the numbers to explore the art and science of payments with essays on compelling payment trends.
Your branch provides a variety of financial resources to businesses every day. The Global Payment Report helps you cut through the clutter to understand the payments piece. We put together tips to give you confidence when you talk payments, confidence that you can share with your business customers.
Here are five key takeaways from the report for merchant service providers:
1. Channels continue to blend
Sales channels are still meaningful in business, but they’re not how consumers are oriented today. Online, in-store, and mobile shopping experiences are converging. Your business customers need help navigating those integration points. A payments partner can help build the bridges.
2. The rise of eWallets and alternative payments
In our mobile-first world consumers everywhere are gravitating to eWallets and other alternative payment methods. Accepting alternative payment methods like Apple Pay and PayPal is easier than ever. Learn how to guide your business customers into the future of payments.
3. The reliability of credit and debit cards
Accepting credit and debit cards remains an essential part of any merchant service mix. Far from fading into the background, card scheme payments are actually projected to gain share among US consumers at the point of sale through 2022. It’s never too early to help your customer map out a long-term payment strategy.
4. Payments so seamless they’re practically invisible
Connected cars, smart speakers and checkout-free stores are making frictionless payment experiences a reality. The technology delights consumers and the businesses that serve them. But even invisible payments need the right kind of friction, like authentication.
5. The growing importance of bank transfers
Bank transfers are growing in popularity. Consumer convenience and a lower cost of acceptance for merchants make bank transfers a payment method with a bright future. Worldpay offers your business customers a full range of bank transfer options so you can approach your market with confidence.
Ready to learn more about how to serve the payment needs of merchants in 2019 and beyond? Download our 2018 Global Payments Report to discover how the world pays, and what that means for your institution and your customers.