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is growing, but 72% of merchants report higher failure rates in international payments compared to domestic ones due to outdated fraud filters and lack of localized payment options.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.