New payment trends such as instant account-to-account transactions, mobile wallets and cross-border e-commerce have brought greater complexity, while the evolution of shopper preferences and increased market diversity have made growth a challenge, even for some of the most well-established acquiring companies.
Both merchants and acquirers need to respond to these changing dynamics. Acquirers must look to develop technologies that support the ability to pay anytime, anywhere via any device, as cross-border omnichannel payments become the new norm and consumer preferences continue to evolve.
