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IndustryUpdate

Mercator studies U.S. PARTNERSHIPS
shopping trends

Mercator Advisory Group’s 2021 Maverick Payments integrates with OpenPath
Buyer PaymentsInsights: Shopology Maverick Payments integrated with OpenPath software-as-a-service, which
– COVID Impacts on the Consumer provides advanced ecommerce optimizations. This integration provides
Shopping Experience report examines merchants utilizing Shopify, WooCommerce and Magento a direct path to
U.S. consumer shopping habits for their Maverick merchant account without needing third-party payment gate-
goods and services both in-store ways, Maverick Payments noted, adding that merchants can cut the number
and online during the pandemic. of apps used on their site, increasing page speeds while reducing operation
The report, based on an online costs dramatically. Maurice Griefer, CRO of Maverick, said integration with
consumer survey administered to OpenPath “allows merchants to supercharge their checkout page to increase
3,003 U.S. adults between May 21 conversions and better compete online.”
and June 22, 2021, covers the buyer
experience before, during and after Paysafe, Bitrise powering digital wallets
the pandemic and includes ques-
tions about consumers’ shopping In a collaboration with Bitrise, Paysafe, a specialized payments platform, is
attitudes, shopping venue prefer- leveraging Bitrise’s mobile development platforms to automate and acceler-
ences, common ways consumers ate the core mobile practices behind its digital wallets Skrill and NETELLER.
make non-grocery purchases, and According to a survey of 2,000 sports bettors Paysafe conducted in December
more shopping-related subjects. 2020, three quarters of bettors would change their payment method if it meant
a faster payout. According to Paysafe, the move to Bitrise has enabled Paysafe
The report highlights key trends to automate and scale its operational processes and workflows, allowing it to
in consumer behavior, preferences, release updates to app stores more frequently and quickly while accelerating
and motivations, influenced by con- app build times from hours to minutes and decreasing the cost of builds by
sumer experiences with payment- as much as half.
related issues and changes in habits
brought about by the COVID-19
pandemic.
Payments Association sees
open banking growth
A report released by The Payments
Association predicts open banking
will transform the payments indus-
try. With over 3 million users of
open banking services in 2021, it is
spreading to more markets around
the world each day, driven by new
regulation and increasing consumer
demand, the association stated. The
Power to the People: How open bank-
ing is transforming how we access and
manage our money insight paper pro-
vides an overview of open banking
developments globally, the impact
for end users, and a wealth of use
cases across different industry ver-
ticals, including use cases like sub-
scription payments management or
personal debt management, as well
as small business financial manage-
ment and credit scoring, the organi-
zation noted.

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