Local Payments

PYMNTS Intelligence: Enabling Local Payment Methods via Payments Orchestration
PYMNTS Intelligence: Enabling Local Payment Methods via Payments Orchestration
February 28, 2023  |  Payments Innovation

Local and alternative payment methods — including digital wallets; online bank transfers; buy now, pay later (BNPL); and direct debit — are the most common...

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The Risks of Not Offering Local Payments
The Risks of Not Offering Local Payments
February 27, 2023  |  Payments Innovation

Three-quarters of global eCommerce is conducted using local payment methods, but offering such a diversity of payments may be difficult for merchants to do on...

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Offering Local Payments Is Merchants’ First Step Toward Expanding Overseas
Offering Local Payments Is Merchants’ First Step Toward Expanding Overseas
February 24, 2023  |  Payments Innovation

Merchants are expanding their operations abroad on a grand scale, taking advantage of the eCommerce boom to market in new regions and demographics. While industry...

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PYMNTS Intelligence: Challenges and Opportunities For eCommerce in Latin America
PYMNTS Intelligence: Challenges and Opportunities For eCommerce in Latin America
December 01, 2022  |  Cross-border Payments

Latin America is a burgeoning market for eCommerce, with a recent report pegging its value at $382 billion, representing a 35% growth from 2021. Some experts are...

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Western Merchants Deeply Lacking Knowledge About APAC Payments
Western Merchants Deeply Lacking Knowledge About APAC Payments
December 01, 2022  |  Cross-border Payments

Local FinTech wallets are a key part of the Asia-Pacific (APAC) eCommerce ecosystem. Whether Alipay in China, Paytm in India, Kakao Pay in South Korea...

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How eCommerce Can Unlock the Latin American Retail Scene
How eCommerce Can Unlock the Latin American Retail Scene
November 30, 2022  |  Cross-border Payments

PYMNTS talks with Karen Bruck, vice president of commerce and strategic initiatives at Mercado Libre, about the unique opportunities and challenges in Latin American eCommerce. — Latin America’s eCommerce...

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70% of Western Global Merchants See Payments Localization Cutting APAC Cart Abandonment in Half
70% of Western Global Merchants See Payments Localization Cutting APAC Cart Abandonment in Half
August 31, 2022  |  Cross-border Payments

The Asia Pacific (APAC) region is key to the international growth strategies of countless eCommerce merchants across the United States, the United Kingdom and Canada....

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South Korea Is an eCommerce Eden for Those Fluent in Local Payments
South Korea Is an eCommerce Eden for Those Fluent in Local Payments
July 21, 2022  |  eCommerce

Among the most mobile-centric nations on earth, South Korea is a ripe opportunity for eCommerce merchants provided they learn the terrain — namely, payments localization....

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Deep Dive: How Digital Payment Options Impact Cross-Border Customer Satisfaction
Deep Dive: How Digital Payment Options Impact Cross-Border Customer Satisfaction
January 19, 2022  |  Cross-border Payments

eCommerce growth is expected to continue as the pandemic persists, and merchants are working to support the increasing volume of cross-border transactions. One survey found that 32% of consumers from...

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