Payment Methods

LOCAL PAYMENT METHODS DOMINATE APAC E-COMMERCE 

Asia Pacific’s e-commerce boom has given rise to a vibrant, innovative – but fragmented – payments landscape. 70% of online purchases are paid for with hundreds of local payment methods. And payment preferences vary widely from country to country, which makes meeting customer needs in APAC very complex.

One integration is the key to unlocking conversion in APAC

Our unified platform provides access to hundreds of local payment methods, giving you everything you need to take your business across borders. 

LOCAL PAYMENT METHODS POWER E-COMMERCE IN EMEA

Europe is one of the most advanced e-commerce markets, with consistent growth rates and a proliferation of local payment methods (LPMs). While each country in the EU has different payment preferences, the region’s single currency helps drive it’s higher-than-average rates of cross-border e-commerce. 

The Middle East and Africa are exciting frontier markets for e-commerce, experiencing tremendously fast growth in recent years. Due the unique characteristics of each market, LPMs are essential for any business wanting to target MEA consumers. 

Hundreds of local payment methods, and just one API

Our powerful platform provides the most popular payment methods in Europe, the Middle East and Africa with one single contract and one integration – allowing you to easily boost conversion in the entire region. And Europe is PPRO’s hometown, so to speak. For over 14 years, our expertise has helped payment service providers and their merchants navigate the complex EU payments ecosystem with ease.

ACCEPTING PAYMENTS IN LATIN AMERICA IS EASIER THAN EVER

Across Latin America, local payment methods dominate e-commerce for a variety of reasons: most cards are limited to processing in the local currency and have low authorization rate for cross-border transactions, the region’s reliance on cash, and an infrastructure that has a low tolerance for risk.

Local payment methods are 80% of e-commerce in LATAM

Local cards are the most commonly used payment method in Latin American e-commerce. Local cards, even those issued by Visa and Mastercard, are restricted to local purchases and cannot be used across borders. Brazil, for example, currently has one of the world’s fastest growing e-commerce markets yet only 30% of cards are enabled for international purchases. 

Offer the payment methods consumers prefer

Merchants who accept only international cards lose the majority of the market. PPRO integrates with all the most popular payment methods in LATAM (cash-based, local cards, and more) and manages technical maintenance for you. Also, we’ve got teams in the region with all the local market knowledge you’ll need.

Outsource dealing with complex local regulatory and tax requirements

PPRO sets up a local entity and ensures compliance in each of the different countries. What’s more, we can ensure better authorization rates because we process transactions in the local currency, directly with local acquirers.