PPRO, the leading local payments platform, today announced the launch of Subscriptions for Local Payments.
The dedicated solution empowers Payment Service Providers (PSPs) and merchants operating in the subscription economy to accelerate growth through optimised local payment strategies.
The new solution enables customers to optimise their payments strategy and checkout journeys through dedicated access to functionality that drives incremental revenue by expanding access to local consumers, increasing loyalty, and reducing cost to create and manage an optimised payment experience.
Through Subscriptions for Local Payments, businesses can access:
• The payment methods that matter in the subscription economy - local payment methods and local cards such as Twint and Bancontact with native recurring functionality.
• PPRO-signature recurring enhancements - PPRO’s advanced platform capabilities elevate schemes that don’t offer native recurring, enhancing the functionality to become subscription-ready.
• Feature flows fit for the subscription economy - Dedicated features help cut down on free trial abuse, reduce payment declines, allow flexible billing, make onboarding friction-free, and more.
• Dedicated subscription expertise - focused on maximising conversion rates and minimising drop-offs, the PPRO team’s deep local payments expertise serves as dedicated support to subscription customers.
Motie Bring, PPRO CEO, said “With the subscription economy projected to be worth almost $1 trillion by 2028, the opportunities and competition are rapidly intensifying for businesses operating subscription models. Local payments are central to capturing this growth, helping merchants and PSPs reach more customers and stay competitive in a growing market."
With a growing number of consumers choosing to pay local, accessing some of the world’s largest ecommerce markets means understanding and optimising recurring local payments, from local cards to local schemes.
For subscription-based businesses, offering the right payment method at checkout, and the right features in place to optimise conversion and recurring payments, are critical to success for sustained growth and retaining a competitive edge.