Alternative Payment Methods
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Nearly Two-Thirds of Global Retailers Credit Payment Flexibility with Revenue Growth: ACI Worldwide Survey
A new report by ACI Worldwide and Payments Dive reveals a growing trend among global retailers to adopt multi-acquirer strategies, with 97% utilizing them and 96% reporting increased revenue. The study emphasizes the importance of alternative payment methods (APMs) like mobile wallets and cryptocurrencies, and the increasing use of AI for fraud detection and predictive analytics. The report highlights payment orchestration platforms (POPs) which many retailers are now using, and also pinpoints the necessity of localized payment strategies for global expansion.
