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Payment Processing Industry
Blog PayAdmit Company
December 23, 2024
Payment Processing Industry
Massive digitalization has a direct impact on the payment processing industry. The number of online transactions reached 1.3 trillion in 2023. The transaction value is projected to show an annual growth rate of 9.5% leading to a total of $16.6 trillion by 2028. The changing marke...
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What does payment processing mean? Definition and key terms to know
Blog PayAdmit Company
November 19, 2024
What does payment processing mean? Definition and key terms to know
Cash is gradually becoming a thing of the past and giving way to online payments. E-commerce platforms actively use them. However, before you connect online payments, you need to consider a number of nuances. To make the right choice, it is important to know how to process payments in general, what processing means, and what types of payments can b...
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Smart Routing and Cascading: Enhancing Payment Processing Efficiency
Blog PayAdmit Company
October 23, 2024
Smart Routing and Cascading: Enhancing Payment Processing Efficiency
In today’s fast-paced digital world, efficient payment processing is crucial for businesses. Smart routing and cascading are key technologies that optimize payment systems, ensuring seamless transactions and improving customer experience. According to statistics, smart routing can improve transaction success rates by up to 20% and reduce tran...
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