<ul><li>Pay by bank is gaining traction in consumer-facing sectors, providing advantages such as reducing cart abandonment and improving data security for customers.</li><li>80% of businesses using pay by bank reported enhanced data security as a benefit.</li><li>Consumer-facing companies using pay by bank also experienced lower cart abandonment rates.</li><li>Cost concerns remain a barrier, but companies using traditional card-based payment methods could save significant costs by switching to pay by bank.</li></ul>

80% of Pay-by-Bank Users Report Better Data Security and Lower Cart Abandonment

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