Is your organization ready to weather an uncertain climate? If there’s one strategic priority all organizations can agree on, it’s resilience.
The pandemic, in particular, showed that a successful business strategy has resilience at its core. This continues to be true in today’s uncertain economic environment, and it will still be true in the future.
The importance of resilience is especially true for finance and business operations, where leaders face a number of obstacles – from changing consumer preferences to a risky data security landscape to an unpredictable fiscal and geopolitical climate.
How can organizations achieve true resilience?
Our second annual survey of 250 finance professionals shows that having a strong payments strategy can make all the difference.
It can help companies:
- Control costs
- Build customer loyalty
- Improve efficiency and productivity
- Focus on security
Are you ready to build a payments strategy fit for your future?
Why do organizations struggle to create effective payments strategies?
Payment preferences are changing, and so is the technology that underpins how those transactions are secured and completed.
Finance leaders tell us, for instance, that contactless card payments (those which are tapped rather than dipped) are now almost as popular as dipped card payments with customers. Digital wallet payments are also starting to surge in popularity, and the options for offering a digital wallet are expanding with the introduction of Paze.
Find out how your sector can use payments to increase resilience
Why do organizations struggle to create effective payments strategies?
Payment preferences are changing, and so is the technology that underpins how those transactions are secured and completed.
Finance leaders tell us, for instance, that contactless card payments (those which are tapped rather than dipped) are now almost as popular as dipped card payments with customers. Digital wallet payments are also starting to surge in popularity, and the options for offering a digital wallet are expanding with the introduction of Paze.
Contactless comes second to physical cards when it comes to payment preferences - but only slightly
Physical cards
68%
Contactless card payment
62%
Cash
48%
Digital wallet
37%
Buy now, pay later
28%
Check
21%
Pay by text
4%
Payments using crypto currency
3%
68% Physical cards
62% Contactless card payment
48% Cash
37% Digital wallet
28% Buy now, pay later
21% Check
4% Pay by text
3% Payments using crypto currency
Finance leaders know they have to keep up with these trends: 72% say it’s essential that they give their customers, patients or constituents the chance to pay using their preferred method. While this may require investment in systems, hardware and resources, it can be an opportunity for finance leaders who are seeking to increase efficiency as part of their payment strategy.
72% of finance leaders say it's essential that they give their customers, patients or constituents the chance to pay using their preferred method
Download our report to find out to build a strong payments strategy for your organization.
How are other industries using payments to increase resilience?
Lodging
Are lodging organizations ready to boost guest loyalty by modernizing their payment approach?
Government
Are government organizations ready for the future of public sector payments?
Download our report to find out how to start building your resilience with a strong payments strategy
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