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Retail Brands Risk Losing Billions When Checkout Processes Fall Short

  • Retail brands are at risk of losing billions when checkout processes are not optimized, even with a focus on user experience and brand loyalty in global eCommerce.
  • Recent findings show that 84% of shoppers find one-click checkout important, which can boost authorization rates by over 10% and enhance user experience.
  • Cross-border commerce is growing, but 72% of merchants report higher failure rates in international payments compared to domestic ones due to outdated fraud filters and lack of localized payment options.
  • Checkout optimization is crucial for revenue and long-term loyalty, and companies need to view it as a strategic lever by investing in the right payments infrastructure to improve conversions and reduce payment failures.

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