As the holiday season approaches, Payment Service Providers (PSPs) are central to ensuring smooth, secure, and scalable retail transactions. With Deloitte projecting a 16% increase in retail sales for 2024 compared to 2023, the role of PSPs becomes even more critical in handling the surge in consumer spending and transaction volumes.
This period presents an opportunity for PSPs to enhance operational efficiency, improve customer experience, build trust, and drive growth. By employing effective strategies, tools, and technologies, PSPs can prepare for increased traffic, mitigate security risks, and provide diverse payment options tailored to consumer needs.
