The state of payment maturity 2024 report, published by Corefy, reveals insights on the current state of businesses' payment maturity and emerging trends.
Key trends driving change in payment strategies include fragmented payment systems, multi-provider strategies, speed of integration, scalability challenge, and evolving payment process management.
To improve payment maturity, businesses should adopt strategies such as transitioning to unified payment orchestration platforms, diversifying providers, adopting smart payment routing, and investing in payment expertise.
Organizations that unify systems, build flexibility, and invest in expertise can transform payments from a cost center into a revenue accelerator.