The Payments Industry Revolution: Abandoning 'Small Change' for Big Bets
Banking and financial services
Payments industry is catalyzing the digital economy with aggressive innovation and fast adoption across the globe. This is the right time for payment providers to experiment, think velocity, and boldly step into a customer-focused future. This article examines the regional dynamics across continents that provide context for the broader innovations that are underway. It also details on the six emerging trends that are shaping the future of payments industry:
- Digital products innovation
- Everything real-time (aka RTP)
- The B2B battle of BigTechs vs banks
- CBDC and cryptocurrencies at crossroads
- Making cross-border payments ubiquitous
- The cyber fraud challenge
