Vladyslav Taptunov’s Post

Retaining customers is key to long-term success. One powerful way to achieve this is by offering Local Payment Methods (LPM) that customers in Southeast Asia are familiar with and find convenient. Here’s how LPM can help merchants build lasting customer relationships: Familiarity and Trust: Customers feel more comfortable and secure using payment methods they know and trust. By offering LPM, merchants can build trust and enhance the overall shopping experience. Convenience: Local Payment Methods cater to the preferences and habits of customers in specific regions. This makes the payment process smoother and more convenient, reducing cart abandonment rates and increasing conversion. Enhanced Customer Experience: Providing payment options that align with local preferences shows that merchants understand and value their customers. This personalized approach leads to higher satisfaction and loyalty. Reduced Payment Barriers: Customers are less likely to face issues or declines when using familiar payment methods. This reduces involuntary churn and helps maintain a steady revenue stream. Broader Market Reach: By supporting multiple local payment methods, merchants can tap into new markets across Southeast Asia and expand their customer base. This not only boosts sales but also strengthens the brand's presence globally. Incorporating Local Payment Methods is not just about processing transactions; it’s about creating a seamless, trustworthy, and convenient experience that keeps customers coming back for more. Ready to transform your payment process and boost customer retention? Connect with Vickar Tan to learn how paypay89.com can help you build your Local Payment Solution! 🤝 #LocalPaymentMethods #CustomerRetention #EcommerceSuccess #PaymentSolutions #CustomerLoyalty #SoutheastAsia

STATE OF B2B PAYMENTS: EUROPE: Overview of B2B Payments in Europe: Bank transfers dominate, with emerging trends in card usage and technology integration.

The rapid adoption of digital payment solutions in online marketplaces is revolutionizing B2B transactions by increasing efficiency and shifting towards automated processes. The growing trend towards digital payments is transforming the way business transactions are conducted, making online marketplaces more convenient and secure for buyers and sellers alike. Learn more about the changing landscape of B2B payments: https://buff.ly/4grydUA

As part of our ongoing investment in our B2B network to enhance buyer and supplier capabilities, today we announced a new offering by Boost Payment Solutions, a global leader in B2B payments, to provide commercial virtual Card processing services to U.S. merchants who accept American Express. Qualified American Express merchants will now have access to Boost Intercept®, Boost’s patented Straight-Through Processing (STP) solution, at no additional cost. This collaboration will enable suppliers to streamline acceptance of American Express virtual Cards and minimize the challenges associated with manual processing of virtual Cards.   “American Express is always working to increase support for our network of merchants, as backing businesses has been core to our strategy for decades. We invest in proprietary supplier capabilities, as well as partnerships to improve supplier experiences,” said Colleen Taylor, President, Merchant Services – U.S., at American Express. “That’s why we’re excited to partner with Boost to extend the benefits of straight-through processing, as virtual card transactions are on the rise. This collaboration benefits businesses on both sides of a B2B transaction because the process needs to work seamlessly for everyone involved.”   Read more: https://go.amex/HPPbtL #AmexBusiness

State of B2B Payments: Mexico: Macro trends in Mexico are driving changes in B2B payments, emphasizing cash flow optimization and efficiency.

Market Overview: Global B2B Payments Market Based on figures gathered by Vantage Market Research, it has been estimated that the total volume of B2B payments worldwide is approximately $120 trillion USD per year. The global B2B payments market reached a total value of $994.2 billion in 2022, and the firm estimates that the sector will balloon to $2.15 trillion by 2030, realizing a compound annual growth rate (CAGR) of 10.1% over the forecasted period. The Asia-Pacific region is currently leading the market and is expected to grow at an advanced pace throughout the remainder of the decade. In particular, the accelerated adoption of virtual card accounts and the growth of B2B e-commerce are driving the trend within the region to shift to electronic payment channels. However, North America—particularly the United States (US) and Canada—is anticipated to outpace the Asia-Pacific market soon, becoming the largest B2B payment segment throughout the forecasted period. This dominance is partly due to the rampant availability of online payment channels and recent aggressive efforts by the US and Canadian governments to implement standardized B2B payment regulations and secure transaction networks. #payments #B2B #Paymentsmarket #marketoverview #Asiapacific #Globalmarket

INSIGHTS AND ANALYSIS - State of B2B Payments: Brazil: Brazil B2B Payments: Advanced but Underutilized Digital Technology, Facing Inefficiencies and Fraud.

Customer experience matters. In the 2024 landscape of #B2B financial services, exceptional problem-solving skills will set outperformers apart. Our comprehensive report delves into what really matters to B2B buyers and how providers can better meet these expectations. #CustomerLoyalty #B2BFinancialServices #CustomerExperience https://bit.ly/3UPsZsy

Customer experience matters. In the 2024 landscape of #B2B financial services, exceptional problem-solving skills will set outperformers apart. Our comprehensive report delves into what really matters to B2B buyers and how providers can better meet these expectations. #CustomerLoyalty #B2BFinancialServices #CustomerExperience https://bit.ly/3Yw4Qtn

Customer experience matters. In the 2024 landscape of #B2B financial services, exceptional problem-solving skills will set outperformers apart. Our comprehensive report delves into what really matters to B2B buyers and how providers can better meet these expectations. #CustomerLoyalty #B2BFinancialServices #CustomerExperience https://bit.ly/3Al5Rey