Still working on your ecommerce strategy? Then try these
Retailers can rejig their payment ways to make e-shopping that much smoother Ecommerce possibilities can be stretched further by making payments deceptively simpler. Global e-commerce sales are booming. In the UAE, the e-commerce market is predicted to reach $8 billion by 2025, as online retailers scale up their business and offerings following the pandemic.
Digital payments have accelerated, with new payment technologies helping global e-commerce retailers expand to wider markets and target the right audience. To deliver a high-quality experience and convenience to shoppers worldwide, working with the right global payments service provider is crucial.
Integrated payment platforms give retailers full control of their business, and make it easier to add new payment methods as and when needed, based on shopper preference. It is key for a business to be able to process payments in local currencies and offer the most popular and convenient payment methods.
The freedom to quickly add local payment methods in various markets can drive an increase in conversion rates as purchase barriers for international shoppers are reduced. Retailers must leverage technology and strategies, to enhance the consumer experience. Let’s look at a few strategies retailers can employ in their international expansion:
Cards might be popular in the UAE, but in some regions, local payment methods are very diverse. For instance, Denmark’s payment mix is dominated by debit cards, with local scheme Dankort, often co-branded with Visa. Shoppers are easily put off if their payment fails.
Retailers must therefore understand local shopping behaviors, language expectations, and payment preferences when setting up integrated payment platforms that support transactions in any part of the world. Keep payment fraud in check
Most shoppers today are wary of fraud when making digital payments. Eliminate this risk by investing in a robust authentication process, while keeping the entire shopping experience seamless and enjoyable. As an […]
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