Logistics and wholesale trade businesses exhibit robust demand for embedded finance innovations. For example, most payment facilitators (PayFacs), independent software vendors (ISVs) and marketplaces are very or extremely interested in digital wallet innovations. Many players in this sector prioritize operational improvements, such as faster transaction processing, above other areas for innovations. Fifty percent of PayFacs and 36% of marketplaces surveyed place operational enhancements as a top innovation.
In collaboration with Carat from Fiserv, PYMNTS Intelligence’s study examines the growing significance of embedded finance in the logistics and wholesale trade sector. It draws on insights from a survey of 282 executives working at PayFacs, ISVs and marketplaces.
Inside the report:
- 83%: Portion of PayFacs highly interested in digital wallet innovations
- 57%: Share of marketplaces highly interested in further innovating their existing digital wallet offerings
- 50%: Portion of ISVs currently offering digital wallet solutions and highly interested in innovating further
These are just some of the findings explored in “The Embedded Finance Ecosystem – Logistics and Wholesale Trade Edition.” As the logistics and wholesale trade sector heightens its focus on optimizing embedded finance solutions, demand for innovative features such as digital wallets, installment payments and BNPL options has surged. Download the report for further insights into why embedded finance innovations operational are crucial for operational efficiency and customer satisfaction.
To learn how Embedded Payments from Carat can help your business modernize money movement and turn payments from cost centers to revenue drivers, contact a Carat expert today.
