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Is There Such Thing As Too Many Payment Choices Offered by Retailers?
Online payment methods play a critical role in a customer journey, so the efforts to diversify their selection at checkout have earned one of the top spots on every merchant’s list of priorities. As a result, many business owners try to offer as many payment options as possible. Yet, as new payment methods continue emerging, the amount of choices can become overwhelming for consumers.
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Balancing out the payment process can be a continuous struggle for platform providers and large merchants who manage multiple PSPs. This practice often leads to reduced acceptance rates, wasted time and resources, and errors in charges.
31.05.2023
The Forces Behind CBDC Adoption: Accelerators & Obstacles Explored
In the realm of global finance, Central Bank Digital Currencies have emerged as a transformative force reshaping our attitude toward fiat currencies and the way we interact with money. As governments and central banks explore the adoption of CBDCs, it becomes crucial to delve into the key factors that are expected to drive and slow down the adoption of this financial solution.