5 Trends Driving Digital Payments and eCommerce in Colombia
Colombia is rapidly becoming a regional leader when it comes to technology and digitalization. With this growing access to technology and an...
2 min read
Chris Rechtsteiner
:
Sep 12, 2023 7:03:00 AM
Traditional payment systems are constantly being challenged by innovative, more convenient, and sometimes cheaper alternatives. As these alternative payout methods (APMs) become more common, one question we frequently hear is:
Let's dive into this pertinent question and shed light on key trends that signify its relevance.
Depending upon your preferred independent research source(s), you can find that a significant percentage of payees – typically ranging from ~40% to as much as 60% – express a desire for alternative payout methods rather than traditional ones. This number is noteworthy as it signifies a broader shift in payment preferences, one that is rooted in convenience, efficiency, and adaptability.
There are several reasons for this increasing inclination:
For payees, the growing interest in alternative payout methods is more than just a trend; it's an opportunity.
The shift towards alternative payout methods is not just a passing phase but a reflection of the broader changes in our global economy and technological advancements. As the percentage of payees leaning towards these methods continues to grow, it's a clear indication for businesses and platforms to adapt and provide these options, ensuring they meet the demands and expectations of their stakeholders.
For payees, it's about embracing these changes for a more efficient, flexible, and secure financial future.
Start developing your APM strategy, today, with our Complete Guide to Alternative Payouts.
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