Need a Magento Payment Solutions to accept local payment methods worldwide? Get the most from your ecommerce store with Rapyd’s comprehensive payments extension for Magento. Rapyd provides a single integration and over 900 payment methods, all designed to power global commerce
Rapyd’s Magento payments extension helps users expand their global reach into new channels and regions, all from a single platform. This helps Magento users serve their customer’s needs whenever and wherever.
For many merchants, a key objective is expanding cross-border and reaching a growing global consumer market. For that, they need a strategy that includes local and alternative payment methods, in addition to credit cards.
To accept all the most popular payment methods across different countries, Magento requires a third-party gateway, or plugin. Rapyd offers the most comprehensive payments plugin for Magento that lets merchants quickly and easily offer payment methods that increase cart conversions around the world.
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While 2020 brought about unexpected changes, cross-border ecommerce volumes still managed to usher in double-digit growth. Plus, many regions saw an increase in alternative payment methods, including instant and mobile payments such as GrabPay and MobilePay. Investments in alternative and local payment methods like digital wallets and bank transfers are also trending upward, driven by customer expectations for quick, user-friendly cashless applications. (McKinsey)
As merchants expand into different markets, the ability to accept credit cards — plus alternative and cross-border payments — is essential.
Rapyd provides merchants with a simple way to pay using local preferred payment methods worldwide, including cards, bank transfers, ewallets and cash. When merchants can accept payments from more customers, opportunities abound.
Enhance Your Custom Payment Methods with Rapyd’s Magento Plugin
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Sources
McKinsey. “The 2020 McKinsey Global Payments Report.” https://www.mckinsey.com/, October 2020
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