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Drew Harris for Rapyd

Posted on • Edited on • Originally published at community.rapyd.net

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Essential Insights from Rapyd’s Latest Report Every Payment Industry Developer Must Know

Key takeaways from Rapyd develoeprs need to know

Key Points for Developers:

  • Payment Delays: 73% of businesses in high-opportunity industries face delays of 2-15 days, which impacts cash flow.

  • Priority on Speed & Convenience: 38% of businesses prioritize fast and easy transfers. This is crucial for maintaining smooth operations.

  • Real-Time Payments (RTP): There’s a growing shift towards RTP for faster settlements and improved cash flow. Consider integrating RTP solutions to enhance payment processes.

  • AI in Fraud Prevention: AI is increasingly used to combat sophisticated fraud tactics. Implementing AI can help ensure secure and efficient transactions.

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