The April 2023 report outlines how global merchants face increasing demands to manage payments efficiently, seeking flexibility to harmonize processing, leverage local market conditions for improved authorization rates and cost savings, minimize operational risks, and simplify acquiring relationships. While payments are recognized for boosting conversion, many have yet to integrate them strategically. Merchants can work with single or multiple acquirers, with each setup offering unique benefits and challenges depending on business needs, structure, sales channels, and global coverage.

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