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The dominance of cashless commerce means only businesses that ensure the seamless processing of in-store and online credit and debit card payments will remain competitive. The question is: how do paymentserviceproviders work and how can you choose the right one for your business?
In the final quarter of 2024, Aleph , the technology-driven solutions provider enabling the growth of global digital marketing, announced the acquisition of LocalPayment , a fast-growing paymentserviceprovider (PSP) in Latin America (LatAm), to bring together local payment capabilities with digital advertising solutions.
Covering the cost of paymentsprocessing is an unavoidable expense, but many businesses can find themselves paying more than necessary. Negotiating favorable terms can be a time-intensive undertaking, but it plays a major role in determining businesses’ paymentsprocessingcosts.
” Checkout.com launches Octopus in Hong Kong London-based Checkout.com is the first international paymentservicesprovider (PSP) to offer Octopus , the leading payment method in Hong Kong, as a payment option at checkout. With 98% penetration in a region with 7.5 The company has raised $1.8
The trouble for businesses is that with this increase in digital transaction volumes comes the need to better manage paymentsprocessing. The absence of payments orchestration would require firms to expend more time and resources than most businesses’ finance departments could handle.
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