Had a great time meeting and learning from a lot of payments folks at Stripe Sessions last week! 💳✨
Key Takeaways:
1. BNPL (Buy Now Pay Later) is super popular in Europe! Did you know that 28% of online sales in Germany go through BNPL methods?
2. Contrary to popular belief, BNPL does not cannibalize existing payment methods; it is additive to overall revenue.
3. A staggering 85% of customers abandon their cart if they don’t find their preferred payment method at the time of transaction. Offering diverse payment options is crucial!
4. Businesses see an 18% uplift from offering prices in local currencies. It’s no surprise that 90% of buyers choose their local currency at checkout.
5. One of the highlights was Jensen Huang‘s inspiring life story! From cleaning restrooms to being one of the longest-serving CEOs, 31 years and counting, of one of the largest companies in the world. According to him, everything can be learned. Hence, he would rather torture people to greatness than firing them!
Energized and inspired after such insightful discussions. Looking forward to implementing these learnings in our own strategies!
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