Main takeaway: the payments market is evolving rapidly, and we need to adapt at lightning speed!
Stockholm Fintech Week is a dynamic event with panels, networking opportunities, and engaging discussions in the Nordics. This year marked the 7th edition of the conference, which annually brings together industry leaders to explore the latest trends and innovations in fintech.
Co-founder & CEO of Torus, Kirill Lisitsyn, shared case studies on unlocking hidden profits. In this session for acquirers and issuers, he provided advice on how to better control and predict costs, analyze card schemes, and which areas to examine in card transaction flows to avoid missing out on profits.
Co-founder & CEO of Torus, Kirill Lisitsyn, shared case studies on unlocking hidden profits. In this session for acquirers and issuers, he provided advice on how to better control and predict costs, analyze card schemes, and which areas to examine in card transaction flows to avoid missing out on profits.
Photo by SFW
In card payments, optimizing costs is essential for profitability. Scheme fees, often overlooked, significantly impact overall expenses. Many businesses struggle to manage these fees due to their complexity, viewing them as fixed costs and lacking insight into how different stakeholders — issuers, acquirers, and payment service providers — are affected. Effective management can lead to significant profit improvements.
As the landscape evolves, with trends like social platforms entering financial services, businesses must adapt their strategies for managing scheme fees to unlock hidden profits and ensure sustained profitability in the competitive payments market.
As the landscape evolves, with trends like social platforms entering financial services, businesses must adapt their strategies for managing scheme fees to unlock hidden profits and ensure sustained profitability in the competitive payments market.
Photo by SFW
Our team is dedicated to making transaction data accessible for businesses of all sizes. We believe that transparency is key to fostering adaptability in the fintech landscape, allowing companies to invest in growth instead of unnecessary expenses. Ultimately, this contributes to a healthier economy and positively impacts the lives of everyday consumers.
We have a big rock tour ahead of us, so check the schedule for spring 2025 in the news feed!
We have a big rock tour ahead of us, so check the schedule for spring 2025 in the news feed!