PayX Group’s Post

Unlocking Insights with Payment Processing Analytics

Europe’s embedded-finance market is growing at double-digit rates Five practices for delivering lasting, value-positive Embedded Finance solutions Leading EF solutions have in common five features that companies can emulate to maximize the value of their EF initiatives for the partners and their customers: 1. Distinctive customer journeys. Several elements of the customer journey, such as instant decisioning and straight-through processing, are standard today. Leading vendors and platforms go beyond those. They use regular customer journey teardowns to understand customer conversion and pain points and constantly improve their solutions. They also measure customer responses to changes—for instance, with AB testing—to develop innovative customer journeys. 2. Joint vision and delivery. EF solutions are best supported by joint teams from the finance provider and the customer owner. Each party can take responsibility for its part of the journey, from pre- to postpurchase, with clear customer engagement rules and mutual ownership of customer satisfaction. 3. Data sharing and collaboration. When the parties share their data, the EF provider can make better decisions, such as when granting a loan, and the customer owner can improve conversion rates and marketing with postpurchase payments data. 4. Win–win partnership economics. An open-book, profit-sharing philosophy enables mutual value creation and leads to solutions that can evolve and endure. 5. Enhanced unit economics. EF partners can continuously improve their combined economics by, for instance, considering originate-to-distribute models that can lower their capital needs, and by leveraging data from the customer owner to reduce costs for data in credit decision-making. 👉 Subscribe for more insights https://lnkd.in/d94JgWBU Source McKinsey #fintech #embeddedfinance #payments Brice Ali Alex Grant Nafis Monica Lex Theodora Saleh

📊 Detailed reporting isn't just a fancy term. It's the backbone of smart decision-making. 🧠 In the world of payment processing, it's a game changer. 💳💥 Think about it. 🤔 With detailed analytics, you don't just see transactions. You see patterns. Trends. Opportunities. You see a late-night surge in purchases. 🌛💰You spot a new hot product before it even trends. 🔥📈 But here's the kicker. 🥁 Most payment processors offer reports. But not all offer intelligence. What's the difference? 🧐 A report tells you what happened. Intelligence tells you why. It's not about having more data. It's about having the right data. So, next time you're choosing a payment processor, don't just ask for reports. Demand intelligence. Because in the end, it's not about processing payments. It's about processing opportunities. 🚀 Ready to experience the iTechOne difference? Let's chat about how we can help you optimize your payment processing, save costs, and focus on growing your business. 💼✨ #paymentprocessing #transparentpricing #SMBsuccess #Businessgrowth #ITechOne #Creditcardprocessing #Merchantservices #paymentintegration #costsaving

We're halfway through 2024 and continuing to navigate complex economic conditions and dynamic forecasts. Maintaining a healthy cash flow and ensuring timely payments are more critical than ever. Have you been making the necessary changes to stay ahead? Here is a reminder to check out our strategies to thrive in 2024 and beyond. https://hubs.ly/Q02F7TKM0 #BusinessTips #CashFlow #FinancialStrategy

In today’s digital economy, the success of a business hinges on its ability to adapt global payout methods to cater to diverse customer needs. 🌐 Click here to read more. ✅ #PayQuicker #FlexPayouts #GlobalPayouts

In today’s digital economy, the success of a business hinges on its ability to adapt global payout methods to cater to diverse customer needs. 🌐 Click here to read more. ✅ #PayQuicker #FlexPayouts #GlobalPayouts

In the finance domain, RAG chatbots can help with account inquiries, transaction tracking, and bill payments. They can also provide financial advice and investment guidance. By automating these tasks, financial institutions can reduce the workload of their customer support teams and improve customer engagement.

Data-driven rewards are enabling companies to offer personalized incentives that resonate with users, enhancing their experience and loyalty. From cashback to exclusive offers, these rewards make every transaction more meaningful. #iworkforComcast #Finance #DigitalPayments #DataDrivenRewards https://lnkd.in/gSM4xar8

Data-driven rewards are enabling companies to offer personalized incentives that resonate with users, enhancing their experience and loyalty. From cashback to exclusive offers, these rewards make every transaction more meaningful. #iworkforComcast #Finance #DigitalPayments #DataDrivenRewards https://lnkd.in/g_qfaiss

Data-driven rewards are enabling companies to offer personalized incentives that resonate with users, enhancing their experience and loyalty. From cashback to exclusive offers, these rewards make every transaction more meaningful. #iworkforComcast #Finance #DigitalPayments #DataDrivenRewards https://lnkd.in/eFTZ9v4z