How PSPs and ISVs are Responding to Economic Challenges.

The cost-of-living crisis continues to tighten its grip around the world. In response, consumers are adapting their spending behaviour by tightening purse strings. For merchants, dwindling sales volumes – coupled with sharply rising overheads – threaten profitability.

We surveyed over 250 payments professionals working for Payments Service Providers (PSPs) or Independent Software Vendors (ISVs). While our findings lay bare the challenges, they also highlight the transformative power of enhanced payments solutions.

49% of PSPs believe that integrating new payments technologies – such as open banking – is a key to remain competitive, thanks to their enhanced user experience and real-time payment processing.

 The next phase of Open Banking may take time, but we will be here to provide you with further updates along the way.  

Read the full report here.