Merchant Acquiring - Disruption
The entire payments business is scale-based. However, the simple days of calculating growth using the economies of scale are long gone. Today Merchant Acquiring, along with every other business, is undergoing exponential changes. In fact, disruption remains the top business strategy in the current COVID scenario. Most market disruptions start with customer dissatisfactions. In the case of merchant acquiring, they are just as much about the changing government regulations too.
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Merchant Acquiring - Safety Aspects
Real-time digital payments is now a basic table stake. With all the changes the payments industry is facing currently, the merchant acquirer today is faced with bigger challenges : advanced data awareness, a wide range of payment solutions portfolio with a heavy emphasis on the touch-free ones, and a clean technological interface with the other players in the game. In other words, safety, convenience and simplicity are the deciding factors when it comes to finding the ideal acquiring partner. The safety aspect automatically reaches the top spot.
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Merchant Offers from an Acquirer's POV
Today, the level of data awareness that an acquirer possesses makes it far more powerful than an elemental payment gateway provider. As we know, merchant data as well as consumer data pass through the acquirer. An agile acquirer with a strong Payment Platform application can become the differentiator in any payments ecosystem. Digital payments are here to stay, especially with omnichannel players like Toucan finance.
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