What is a Payment Services Provider (PSP)?

The era in which a merchant could simply accept payments for their goods in cash ended a long time ago. In recent years, we have seen the rise of multiple payment options across all areas of business. We’ve written extensively about the practicalities of dealing with these payment options in the past, but the importance of partnering with a Payments Service Provider (PSP) has really been underlined by the events of the past year. 

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Why buy now pay later is the fastest-growing payment alternative

Merchants dealing with the huge number of payment options currently available might have thought that they were staying on top of things by offering their customers payment by cards, digital wallets and bank transfers. However, any merchant wishing to keep up with the competition now has to consider offering the buy now pay later option. 

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Top 10 Coronavirus impacts on payments across the world

One year on and the impacts of COVID-19 on payments is clearer, with the industry looking forward to coming out of the storm. But what are these impacts and how will they influence the market? We have identified 10 impacts which the pandemic is likely to have on the payments industry in our latest article.  

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