Payroc study: 97% of businesses lose revenue due to slow or complex payment integration
97% of businesses have lost revenue because payment integrations were slow or complex, Payroc research finds
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A survey commissioned by Payroc of 750 software company founders, CTOs, product leaders and developers in the United States, the United Kingdom and Canada found that 97% of software providers lose revenue due to slow or complex payment integration. 73% have delayed or abandoned adding new payment capabilities because of cost or complexity, while 96% said AI has made payment integration faster, easier or more cost-effective. 75% expect to be ready to adopt AI-driven or agentic payment integration within 7 to 11 months, but security (43%) is the top obstacle.
Source:Fintech News · fintechnews.org