Latest opinions that Mike Shafro has shared on Finextra

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Mike Shafro

Chief Executive Officer

xpate

Member since

12 May 2021

Location

London

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Mike's opinions

Core Pressures and Shifting Clouds Disrupt Cross-Border Ecommerce

As digital payments move faster, decades-old core banking platforms are struggling to keep up with the pace of change. With the value of cross-border payments anticipated to hit $250 trillion by 2027, danger looms on the horizon for those institutions and merchants that are still shackled to antiquated systems draining them of time and money. Wh...

25 August 2022 /payments /cloud Fintech

Why Complex Cross-Border Payments Need Simple UX Design

The global ecommerce market for merchants promises so many opportunities, but with such fierce competition and consumers getting more demanding than ever, the challenges of trying to increase cross-border sales are only getting harder. It’s hard enough to drag down the cart abandonment rate for domestic customers, never mind those in other markets...

25 May 2022 /payments Fintech

How High-Risk Merchants Can Clear Compliance Obstacles Effortlessly

The e-commerce eruption of the last 18 months sent shockwaves everywhere, and merchants were suddenly bombarded by an influx of new customers locked down at home. While some consumers turned to Netflix or Spotify to alleviate their boredom, others turned to online gambling. The GameStop short-selling frenzy saw share trading merchants overwhelmed ...

31 January 2022 /payments

A perfect storm of pressure points: How acquirers can help merchants thrive and survive

The quantum leaps made in payment technology over the past 10 years have transformed every part of the merchant acquiring landscape. Rampant M&A activity, the accelerating shift to ecommerce, and the influx of non-bank fintech players have up-ended tried and trusted business models. One of the pandemic’s biggest shockwaves was to force a wides...

31 January 2022 /payments

How ecommerce merchants can maximise their cross-border sales

There has never been a better time for cross-border commerce. In fact, the second quarter of 2020 saw double-digit growth in cross-border shipment volumes and the value of merchandise sold, according to McKinsey & Company. This is despite a less profitable start to the year as news of the pandemic and the initial lockdown temporarily halted pr...

25 August 2021 /payments

Solving the cross-border payments conundrum

In an increasingly globalized world, streamlining cross-border payments is a key growth driver. This year has been unlike any other on record. We can no longer travel to our favorite restaurant - much less see the world – and yet, for so many it’s business as usual. While some companies are undoubtedly feeling the pressure and challenges brought ...

11 June 2021 /payments