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.50%: Share of PayFacs naming operational enhancements as their top innovation priority
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.
These are just a few of the insights explored in “The Embedded Finance Ecosystem: Logistics and Wholesale Trade Edition,” a PYMNTS Intelligence and Carat from Fiserv collaboration. This report 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 conducted from May 10, 2023, to Aug. 25, 2023.33%: Portion of marketplaces prioritizing operational enhancements
Other findings from the study include:
This sector shows broad interest in embedded finance innovations.