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Local Payment Methods in Europe: How Trustly Works in an International Payment Gateway

Europe is home to some of the largest eCommerce markets in the world, boasting a total market revenue value of USD 602.20B in 2022, and a user penetration rate of 61.6% that same year¹. This amazing market health can be attributed to the fact that across Europe, the three main forces that drive e-payment adoption and development–regulatory nudging, consumer interest, and merchant interest–are all present in spades, thereby driving up digital penetration rates in the region². One notable digital

Local Payment Methods in Europe: How Trustly Works in an International Payment Gateway

Europe is home to some of the largest eCommerce markets in the world, boasting a total market revenue value of USD 602.20B in 2022, and a user penetration rate of 61.6% that same year¹. This amazing market health can be attributed to the fact that across Europe, the three main forces that drive e-payment adoption and development–regulatory nudging, consumer interest, and merchant interest–are all present in spades, thereby driving up digital penetration rates in the region². One notable digital

Nov 28, 2022

5 min of read

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Local Payment Methods in Europe: How Trustly Works in an International Payment Gateway

Europe is home to some of the largest eCommerce markets in the world, boasting a total market revenue value of USD 602.20B in 2022, and a user penetration rate of 61.6% that same year¹. This amazing market health can be attributed to the fact that across Europe, the three main forces that drive e-payment adoption and development–regulatory nudging, consumer interest, and merchant interest–are all present in spades, thereby driving up digital penetration rates in the region². One notable digital

Nov 28, 2022

5 min of read

Local Payment Methods in Thailand: How PromptPay Works In an International Payment Gateway

Thailand is entering the dawn of an era of digital payments after being a cash-reliant economy for so long. Over the past six years, the country has worked hard to roll out financial technology services and the penetration of said services into their populace¹. This is evident with the 2022 statistics regarding the percentage of internet users in Thailand which reports that 77.8% of the country’s population of 70.01 million are avid users of the internet and presumably digitally literate². One o

Nov 21, 2022

5 min of read

Local Payment Methods in Nigeria: Top Banks You Should Know for Your Online Payment Gateway

Global trends towards digitisation have led many to explore more effective ways to do business online. This trend does not escape the African region, and in spite of the volatile currency fluctuations of the Naira, Nigeria is emerging as an attractive contender for expanding one’s eCommerce business. Digitisation has led to Nigerians innovating and adopting new payment methods in spite of infrastructural setbacks. Some of these banks have even adopted pioneering technologies to empower their u

Nov 15, 2022

6 min of read

Local Payment Methods in India: How UPI Works In an International Payment Gateway

One of the most dynamic and burgeoning marketplaces in the world is India. Given the current global trend of digital integration, it is no surprise that India is also in on the ball too, seeing as how it is also recognised as one of the fastest growing digital economies in the world¹.it has recorded over 88.4 billion digital payment transactions between 2021 and 2022, and has tracked an astonishing 284 million digital transactions per day as of July this year¹. This is all due the country’s move

Nov 7, 2022

6 min of read

Local Payment Methods in Singapore: How PayNow Works in an International Payment Gateway

In Singapore [https://tazapay.com/blog/online-b2b-payment-trends-in-singapore-2022], the current online payment trends for the island nation predict a significant increase in the use of digital wallets as a payment method, potentially overtaking card payments as the dominant payment method of choice by 2024. With the government implementing initiatives to build up a robust infrastructure for cashless payments, this prediction may come to pass. One of the payment methods that have risen in popula

Oct 27, 2022

6 min of read

Local Payment Methods: How Africa’s Mobile Money Checkout Works in an International Payment Gateway

The global digital marketplace is one that is ever-changing and rapidly growing with each passing moment. Chief among these is mobile money transactions, which themselves comprise about $1 trillion dollars in value around this year¹. More interestingly, as of this May, Africa now accounts for 70% of that incredible mobile money value¹. Given the continent’s small yet quickly growing banked population, going from 171 million to 456 million from 2012 till 2022, it is apparent that the adoption of

Oct 10, 2022

4 min of read

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