The shift towards local payment methods (LPMs) is happening at speed and scale. By 2028, card-based payment, including card-linked wallets, is set to account for just 41% of global ecommerce payment value – down from 50% in 2023. Yet, across the world, there are thousands of LPMs to choose from. And, in some countries, there are upwards of 100.
If digital merchants choose the right LPMs, they can expect increased efficiencies, better security, lower transaction costs, easier compliance, more scope for innovation, and – of course – higher conversion rates. But often, businesses face the question of how to select and onboard the right LPMs that will make the biggest difference to their online sales.
In collaboration with PCM, a new white paper from Boku sheds some light on the topic – explaining why it’s so important to get the choice right, why it can be so difficult to make that choice, and how to get it right.
Download the white paper for insights into:
· Why digital merchants need to embrace the shift to LPMs?
· What are the key differences between LPMs and card-based payments?
· How to develop a coherent, evidence-based LPM acceptance strategy?
· What should you expect when choosing the right payment service provider?