Is your credit union relinquishing the opportunity to facilitate global payments to third-party providers? You may be at risk of losing those member relationships altogether. Discover why embedding a global payments solution directly into your product will help improve the member experience, and boost retention and loyalty.
More than 1 billion people worldwide (nearly 13% of the global population) regularly transmit and receive international money transfers, offering an enormous opportunity for credit unions to capture growth and new revenue. Yet, most credit unions permit third-party providers to facilitate global payments.
By allowing these transactions to occur outside of your product environments, your credit union forfeits both incremental revenue from foreign exchange fees and access to data on transaction activities, which can provide insight into member behavior. Further, you introduce the risk of losing your members to fintechs and neobanks with robust product offerings that handle the payments.
Download this white paper and learn why embedding a global payments solution directly into your product can allow you to:
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