Financial products are essential for retail brands as embedded finance connects brands closer to consumer spending, saving, and storing, enhancing brand engagement.
Payment solutions are the most common entry point for brands into embedded finance, with 80% of consumer companies offering payment-related products, establishing a vital connection.
The key reasons brands opt for payment services include existing technology, lucrative profit margins from transaction processes, and lower compliance barriers compared to other financial services.
Innovative approaches by brands like Monzo, Tesla, and Petco illustrate how integrating complementary financial products, such as insurance, can significantly enhance customer experience and loyalty.
Collection
[
|
...
]