Business Business Strategy Digital Business Financial Services

PAYMIN Payments Infrastructure

October 29, 2024
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How to choose the right payments strategy for your business growth

79% of businesses in Belgium, Denmark, Ireland, Netherlands and Sweden consider payment processing important or very important for current and future business growth strategy.
However, improving payments capabilities is not a simple task. When it comes to designing payment processing strategy, merchants face a critical decision: adopting a multi-vendor approach, partnering with a single-PSP or something in between.
Currently, 54% of respondents are working with two or more payment service providers (PSPs) while the rest choose a single-PSP approach.
Different digital payment strategies respond to different priorities. However, all approaches have their pros and cons. Read PayPal’s latest Payments Infrastructure report to understand what payments strategy is best to meet your business needs.
All data is taken from Payments Infrastructure Report by PayPal, 2024 as well as a study based on the results of a survey among 1,503 merchants with revenue above 10 million euros, in Belgium, Denmark, Ireland, Netherlands, Sweden (minimum of 300 merchants per country). The survey was conducted between 12 December 2023 and 27 December 2023 by Censuswide.
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