It is anticipated that there will be more than 2 billion non-cash transactions annually in North America, Europe, and Asia-Pacific by 2026.
Payment Service Providers (PSPs) are essential in helping companies manage high transaction volumes, providing secure processing systems that protect sensitive payment information.
PSPs facilitate safe and efficient payment processing as a critical channel between banks, consumers, and companies, utilizing encryption to safeguard sensitive data.
Factors in choosing a PSP include scalability, speed, and the ability to integrate seamlessly with existing systems while accommodating a variety of payment methods.
#non-cash-transactions #payment-service-providers #digital-payments #e-commerce #transaction-security
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