🔧 Essential Insights from Rapyd’s Latest Report Every Payment Industry Developer Must Know

Key Points for Developers:

• Payment Delays: 73% of businesses in high-opportunity industries face delays of 2-15 days, which impacts cash flow.

• Priority on Speed & Convenience: 38% of businesses prioritize fast and easy transfers. This is crucial for maintaining smooth operations.

• Real-Time Payments (RTP): There’s a growing shift towards RTP for faster settlements and improved cash flow. Consider integrating RTP solutions to enhance payment processes.

• AI in Fraud Prevention: AI is increasingly used to combat sophisticated fraud tactics. Implementing AI can help ensure secure and efficient transactions.