Payment Service Providers: Easing Friction in Cross-Border E-Commerce
Report Summary
Payment Service Providers: Easing Friction in Cross-Border E-Commerce
More than just gateways, PSPs offer value-added services to help merchants with the complexities of global business.
Boston, December 12, 2017 – With the growth in cross-border e-commerce sales outpacing the growth in traditional brick-and-mortar retail sales, cross-border e-commerce is widely expected to be a key growth engine in the global retail industry in the coming years. Online retailers will succeed with an international reach, competitively priced goods, superior shopping and checkout experiences, and the ability to get goods to customers quickly, while providing excellent customer service throughout the sales life cycle.
This Impact Note examines global trends in the services offered by payment service providers to meet the needs of merchants engaging in business-to-consumer or person-to-person cross-border e-commerce. To gain a thorough understanding of the cross-border e-commerce market, Aite Group conducted interviews with executives from 18 leading organizations, including digital commerce platform providers, PSPs, and alternative payment schemes, over the three-month period from August to October 2017. Profiled in this note are ACI Worldwide, Adyen, BlueSnap, Credorax, First Data Corporation, GlobalOnePay, PayPal, Pitney Bowes, and Wirecard.
This 30-page Impact Note contains three figures and 10 tables. Clients of Aite Group’s Retail Banking & Payments service can download this report, the corresponding charts, and the Executive Impact Deck.
This report also mentions Amazon, Amazon Payments, AliPay, eBay, Fast and Secure Transfers, Immediate Payment Service, Mastercard, NACHA, SEPA, Visa, and Zengin.