Unlock the Secrets of Payment Processing for High-Opportunity Industries
Recently Rapyd joined forces with the Merchant Risk Council (MRC) to tackle one of the most critical and misunderstood challenges in global payments: helping high-opportunity industries succeed. Experts from MRC, Rapyd and Alcaston discussed the unique challenges and opportunities faced by industries like iGaming, online gaming, online travel and content creation.
Here’s everything you need to know distilled into three big takeaways.
1. High-Opportunity Industries Are the Future of Payments
Industries such as iGaming & Online Gaming, crypto, and the creator economy are rapidly growing, globally influential, and positioned to reshape economies. For example, the online gaming industry alone is projected to reach $153 billion in revenue by 2027, growing at a compound annual growth rate of 12.1%. Governments worldwide are recognising the potential of these industries to drive innovation, employment and revenue. Leading payments providers like Rapyd are in a unique position to deliver the purpose-built, world-class solutions these high-opportunity businesses need to scale globally.
iGaming, once thought of as a niche market, is now a multi-billion-dollar industry that faces challenges like fraud prevention, identity management, and payment reconciliation—issues that modern payment solutions can solve.
Similarly, crypto is moving from speculative investment to a mainstream asset, driving demand for payment solutions that integrate robust compliance and treasury tools to handle digital currency’s unique needs.
By integrating cutting-edge technology, higher authorisation rates, advanced compliance strategies and access to a global portfolio of payment methods, PSPs can help high-opportunity industries remove payments as a key barrier to their full growth potential.
High-opportunity industries include:
- iGaming
- Crypto
- Online Gaming
- Creator Economy
- Influencer & Affiliate Marketing
- Online Trading
- eCommerce & Digital Goods
- Online Travel
2. Payment Flexibility Is the Secret Sauce
Offering the right payment solutions helps unlock new growth for high-opportunity industries. Card acquiring is essential. As a principal member of Visa and Mastercard, Rapyd gives you a complete card-acquiring solution. Plus, you can enhance your payment strategy with holistic tools like payouts and multi-currency settlement accounts that can help your businesses stand out in competitive markets.
Serving high-opportunity industries:
- Start with card acquiring as your foundation. Cards remain a preferred method for many customers and are critical to driving conversions.
- Enhance your offering with alternative payment methods. Selectively adding local payment methods tailored to customer preferences can optimize your reach.
- Leverage flexible solutions like payouts and multi-currency settlement accounts. These tools simplify cross-border operations and reduce friction in global commerce.
As Alcaston payments consultant Delfina Toucon explained, “Flexibility in payments isn’t just an advantage—it’s a necessity for staying competitive in these fast-evolving industries.”
3. Mastering Risk Management Is Your Competitive Advantage
Fraud, regulatory hurdles and operational risks are inevitable, especially in payment processing for high-opportunity industries, but they’re also solvable. Businesses that can manage these risks while delivering speed and efficiency will dominate and win every time.
Managing risk for high-opportunity industries means:
- Implement integrated solutions for fraud prevention and compliance.
- Streamline onboarding processes without compromising on risk management using advanced technologies like AI.
- Work with global payment providers like Rapyd, who understand the unique challenges and risks of high-opportunity industries.
Ready to Turn Payments Into Your Competitive Edge?
High-opportunity industries are complex, but by embracing flexibility, managing risks effectively, and partnering with the right payments provider, you can unlock sustainable new growth.
Don’t get left behind – watch our webinar with The Boston Consulting Group for even more actionable high-opportunity industry insights and strategies.
