Cross-border e-payment specialist PPRO has announced its new and improved Payment Almanac 2.0, which is now available both online and in-print for PPRO’s customers and partners.
The new and updated Almanac is the most complete guide to the complex and evolving world of local payment methods. Listing and contextualising 450 payment methods, the PPRO Payment Almanac 2.0 is an invaluable document for those in need of insight into the global payment landscape to inform global strategies and extend international customer reach.
Visa and Mastercard account for only about 25% of global e-commerce payments, which will fall to 15% by 2021, says a Worldpay study. Acquirers, PSPs and merchants must accept that unless they can localise payments, they will miss out on sales, says PPRO.
The Almanac identifies booming high growth e-commerce markets. For example, South Asia is an area with exceptional market growth, with 100% e-commerce growth in Malaysia, 50% in the Philippines, and 25% in Singapore.
“There’s a strange paradox at the heart of online shopping. It’s becoming more global as consumers look outside their home countries for a wider selection of goods and lower prices. Yet when it comes to paying for these goods, that’s still very much a local affair. Acquirers and PSPs are helping their merchants to increase reach and make customer journeys smoother,” explained Stefan Merz, COO, PPRO.
“At the same time, the back-end payment challenges are growing. PPRO helps to make this part easier. When it comes to local payment methods across 175 countries, we’re the payment professionals. We process, collect, reconcile, consolidate and pay out to merchants — all on one contract, one integration and one platform. Simple. The Almanac explores hundreds of payment methods and presents our customers and partners with an array of new opportunities,”
The product of thousands of hours of research and analysis, this unique document contains the distilled knowledge of PPRO’s global team of online payment experts. The Almanac provides detail and up-to-date information every payment service provider and merchant needs – on 160 different markets and many hundreds of local and global payment methods – to plan for success in the year ahead.
A 30-day trial is available online.