Payment Service Providers
Payment Service Providers no longer deal only with payments. They need to offer value added services tailored to their merchants’ needs in order to stay competitive in the market, such as international cards, POS terminals, shopping cart integrations to mention just a few. On top of that they also need to offer local payment methods (LPM) which is a highly complex and time-consuming undertaking. Challenges include:
- Complex integration process that can take 1 year to onboard a single LPM
- Contract and pricing negotiations with each LPM consuming significant internal resources
- Risk for PSPs to fall behind unless they create an internal function monitoring new LPMs worldwide
- Multiple gateways connecting to multiple LPMs
- Lack of unified reporting at the PSP and merchant levels
Payment Service Platform
Local payment methods such as bank transfers, e-wallets, cash-based digital payments and local cards are the dominant payment methods globally, used in more than 70% of all consumer transactions globally. International credit cards only have a market share of around 23% worldwide.
PPRO is an expert in local payment methods globally. We offer comprehensive solutions for LPM services so that Payment Service Providers can focus on delivering features to their merchants while at the same time offering a complete LPM portfolio.
PPRO enables payment service providers worldwide to offer their merchants the cross-border and local payment methods consumers trust and want to use. We offer 150+ local payment methods on a global scale. We process, collect, reconcile, consolidate and pay out to merchants – all through a single contract, single integration and single platform.