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Episode 224 - Creating Best-in-Class Payment Experiences at Scale with Luda Sokolov and Aarti Bharathan, Google

Payments on Fire™

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Improving Conversion Rates with Retry Strategy and ML AI

This chapter discusses the implementation of a retry strategy based on ML AI to improve conversion rates in payment experiences, resulting in an 8% increase in successful purchases. The speakers highlight the impact on customer acquisition costs and churn, as well as the importance of being aware as a customer. They also discuss the evolution of their selection and implementation thinking around providers, including the transition to using multiple acquirers.

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