Get Tools To Meet the Payment Needs of Fast-Growing, High-Opportunity Industries
Many industries once shunned by traditional financial services are emerging as high-opportunity sectors for growth and innovation. Companies in iGaming, online trending, influencers and content creators are moving into the mainstream. With evolving compliance frameworks and advances in payments technology, these businesses now hold substantial potential for growth across the globe.
High-opportunity industries are fast-growing, highly profitable and have unmet payment needs.
They include:
- Online Gaming
- Influencer & Creator Economy
- Online Trading
- eCommerce & Digital Goods
- Online Travel
- Crypto
- Nutraceuticals & Pharma
In Rapyd’s recent FinExtra webinar, we examined key strategies for handling payments in these high-risk, high-reward industries and explored how companies like Rapyd are stepping up to meet their challenges head-on. At Rapyd, our role as a directly licensed card acquirer and payment partner is not just building payment rails; we’re here to create smoother, faster access to the financial tools businesses need to scale and compete globally.
Emerging global trends are transforming payments, from artificial intelligence to open banking and digital assets. High-opportunity industries need more than compliance support; they need reliable, secure payment processes to operate confidently and adapt quickly.
In this post, I’ll break down the key takeaways from our FinExtra Webinar and 2024 High-Opportunity Industries report, exploring the top strategies, technologies, and payment solutions that are reshaping high-risk markets for success.
High-Opportunity Essentials
1. Embrace Compliance from the Start
In high-opportunity industries, regulatory compliance is non-negotiable. A robust payment strategy begins with rigorous KYC (Know Your Customer), KYB (Know Your Business), and AML (Anti-Money Laundering) protocols. These aren’t just hoops to jump through. They are critical pillars for protecting the business and gaining trust in regulated sectors like iGaming and online trading. Compliance doesn’t just reduce the risk of fines and interruptions; it’s fundamental to building credibility with both customers and regulators.
There are recent advances in the use of artificial intelligence for compliance regulation. AI improves the compliance processes, allowing each transaction to be reviewed in real time. This means faster payment authorisation, fewer delays and increased confidence in managing complex regulations.
2. Optimise Authorisation Rates For High-Volume Transactions
In indutries like online gaming and ecommerce, every declined transaction is a missed opportunity and a lost customer. Authorisation rates are crucial to user satisfaction and translate directly to higher revenues.
For companies in high-opportunity industries, payment processing must include advanced transaction monitoring systems. It’s not just about fraud prevention; it’s about preventing declines before they happen. Rapyd is committed to helping businesses optimise authorisation rates by combining data analytics with real-time monitoring. We’re here to keep payments flowing, transactions approved and customers coming back—giving high-opportunity businesses every advantage to grow with confidence.
3. Strengthen Your Defenses Against Chargebacks and Fraud
In high-opportunity industries, chargebacks and fraudulent activities pose significant risks. Effective fraud prevention in online travel and gaming payments is essential for maintaining a strong revenue stream and customer trust.
A comprehensive payment strategy should prioritize advanced fraud detection and proactive chargeback management to catch potential fraud early. By managing chargebacks effectively, companies can better protect their bottom line and ensure customer satisfaction.
4. Streamline Cross-Border Payments for Global Success
The world is more connected than ever, especially in fast-growing, high-opportunity industries like online gaming and online trading. To get ahead, businesses need to provide cross-border payment solutions built for a global audience. The customers in these high-opp industries are spread across continents, each with distinct payment preferences and unique regulatory requirements.
Companies must leverage solutions that stitch together global real-time payment networks, ensuring that transactions are instant, reliable, and multi-currency. This approach isn’t just about facilitating payments; it’s about empowering businesses to offer a unified experience meeting customers where they are. In industries driven by convenience, the ability to navigate complex global payment channels and deliver a better, faster or more convenient payment experience can be all it takes to win customer loyalty.
5. Choose an Experienced & Capable Payment Partner
Navigating high-opportunity industries requires the right partner, who brings expertise, tailored technology and a commitment to supporting your business needs long-term. When selecting a provider, focus on those that understand your business, backed by industry-specific solutions that enhance compliance, authorisation rates, and fraud prevention.
Stefan Berry, General Counsel at the Financial Institutions of Malta Association, underscored this in our recent discussion: “A payment partner’s ability to offer local knowledge, regulatory insight, and the latest technology solutions is essential for success.” In my experience, companies that partner with global payment experts unlock faster growth and confidently navigate complex regulatory issues.
Make Rapyd Your Trusted Provider in High-Opportunity Payments
At Rapyd, we pride ourselves on being more than just a payment solution—we’re your strategic ally. With our comprehensive tools tailored for high-opportunity industries, we give you robust compliance, high authorisation rates and a commitment to working together long term. We make scaling globally simple, secure and sustainable.
