Local payments platform PPRO has launched ‘Subscriptions for Local Payments’, a new dedicated solution aiming to empower Payment Service Providers (PSPs) and merchants operating in the subscription economy to accelerate growth through optimised local payment strategies.
By leveraging the new subscription solution from PPRO, its customers can optimise their payment strategies and checkout journeys by accessing functionality that drives incremental revenue by expanding access to local consumers, increasing loyalty, and reducing the cost to manage an optimised payment experience.
“With the subscription economy projected to be worth almost $1trillion by 2028, the opportunities and competition are rapidly intensifying for businesses operating subscription models,” said Motie Bring, CEO of PPRO. “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 e-commerce markets means understanding and optimising recurring local payments, from local cards to local schemes.
Subscriptions for Local Payments will enable businesses to access local payment methods and local cards such as Twint and Bancontact with native recurring functionality. The platform is also able to elevate schemes that don’t offer native recurring, enhancing the functionality to become subscription-ready.
PPRO also boasts dedicated features which help cut down on free trial abuse, reduce payment declines, allow flexible billing, make onboarding friction-free. Its dedicated subscription expertise is focused on maximising conversion rates and minimising drop-offs.
The money movement company says that 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, while retaining a competitive edge.
