Pandemic accelerated payment transformation, coupled with changes in customer purchasing habits, offers merchants opportunities for post-pandemic recovery and growth.
As customer attitudes towards credit shifts, more people are turning to user-friendly and budget-focused alternatives rather than credit cards. New customer credit offerings, such as the MoreTyme Buy Now Pay Later product and SwitchPay’s in-store finance, are rapidly gaining ground. According to estimates, Buy Now Pay Later is expected to grow between 10 and 15 times in transaction value by 2025.
Utilising QR payment rails, these alternative payment methods promise to deliver faster, more convenient and more inclusive alternatives to traditional payment methods.
By adopting these alternative payment options, merchants have an opportunity to differentiate themselves, provide better customer service, attract new customers, and increase revenue and market share.
Future proof your business today. Contact firstname.lastname@example.org to find out how.