Today, PPRO, the leading local payments platform-as-a-service, launches its 2020 Payment Almanac in partnership with Edgar, Dunn & Company. The product of thousands of hours of research, analysis, and insights from PPRO’s payments experts, the third edition of the almanac contains detailed information for more than 450 local payment methods and the latest e-commerce data from 60 countries around the world. In addition to updated figures, this edition reveals new data, including granular e-commerce growth rates and the top industries for cross-border shopping.
While e-commerce goes more global, payments are increasingly local; like all aspects of culture, payment preferences vary widely from country-to-country. According to Edgar, Dunn & Company, there are hundreds of local payment methods that comprise over 75% of global e-commerce transactions. Each market has preferred payment methods which, if offered to customers, can result in improved sales and conversion rates for merchants.
The PPRO Payment Almanac includes:
- A complete index of more than 450 local payment methods
- E-commerce growth rates for 60 major markets around the world
- Cross-border shopping behavior insights, including top industries and the countries that each market like to shop from
- Internet and smartphone penetration rates
- Payment method breakdowns by region and country
“Navigating the complexities and nuances of different markets, consumer payment preferences, and local payment methods can be a major challenge for payment service providers and merchants. As the leading platform-as-a-service for local payments, PPRO provides not only the technology but also the expertise our customers need to be successful across borders. Our Payment Almanac contains the distilled knowledge of our global team of online payment specialists. It is the single most comprehensive piece of local payments expertise in the industry,” comments Simon Black, CEO at PPRO.
“Despite a world of uncertainty, e-commerce is more necessary now than ever, and it will continue to grow. The almanac is an indispensable reference source for businesses looking to increase their e-commerce offering across the globe,” adds Black.
The PPRO Payment Almanac is reserved exclusively for PPRO partners, but anyone can get free 30-day access to the online version here: https://legacy.ppro.com/almanac/login/
PPRO is the world’s leading local payments platform-as-a-service, removing the complexity of domestic and cross-border payments for top-tier financial institutions, payment service providers, and their merchants. PPRO provides partners with the ability to accept locally preferred payment methods like e-wallets, bank transfers, cash, and local cards in more than 175 countries across the globe. Through one contract and one API.
PPRO’s powerful platform does it all – processing, collecting, reconciling, reporting, settling funds, and more – and we’ve got market experts in every region so that partners can turbocharge their speed-to-market and increase conversion in every corner of the world. Founded in 2006, PPRO is a global financial institution with an e-money license issued by the British regulatory body FCA. For more information, please visit www.ppro.com.