Recent Release | 28 Oct 2020
Black Boxes and Paradoxes: The Real Cost of Disconnected Payments
The Hidden $20.3 billion: The Cost of Disconnected Payments. Download the new report to discover how payments can act as a source of value and innovation, featuring strategic insights from payment leaders at Microsoft, Uber and Deliveroo.
This new report with leading FinTech Checkout.com delves into the true cost of false declines to merchants and the digital economy, what customers are willing to pay for better payments and how fast-growing brands approach payments.
Key findings include:
-
False declines cost merchants $20.3 billion last year, with $12.7 billion of that given away to competitors and $7.6 billion simply lost
-
60% of merchants don’t think that their payments data adds value to business strategy or innovation
-
Super high growth (41%+ year on year) companies are more likely to have an authorization rate of 96-100% than other businesses
Our economic consulting team are world leaders in quantitative economic analysis, working with clients around the globe and across sectors to build models, forecast markets and evaluate interventions using state-of-the art techniques. Lead consultants on this project were:
Oxford Economics’ team is expert at applying advanced economic tools that provide valuable insights into today’s most pressing business, financial, and policy issues.
To find out more about our capabilities, contact:
EMEA
Paul Donnelly
020 3910 8000
Email
Americas
Diantha Redd
+1 (646) 503 3052
Email
Asia
Rhianne Clark
+65 6850 0112
Email
Related Services
Post
Zalando’s Economic Impact on the European Economy
Oxford Economics was commissioned by Zalando to produce an assessment of the company’s economic impact. The report, “The Economic Impact of Zalando in Europe” highlights Zalando's significant contributions to the European economy in 2023.
Find Out More
Post
The Economic Impact of the British Army
This study, commissioned by the British Army, assesses both the long-term contribution the organisation makes to the UK's productive capacity and its UK economic footprint in 2023/24.
Find Out More
Post
Economic Impact of Virgin River Season Five in British Columbia
This study, commissioned by the Motion Picture Association (MPA) – Canada, focuses on the production of the fifth season of the show "Virgin River", and analyzes its total economic impact in British Columbia in 2022. The study also considers the wider impact of the show by boosting film-induced tourism and promoting the local film industry.
Find Out More