NEW RESEARCH: Finding the Winners in UK Payments

The UK payments business used to be staid, conservative and frankly rather boring. This has all changed with the rise of Internet shopping, the massive growth in penetration of smartphones and significant changes in how people bank, buy and pay. As a result, we are seeing a lot more attention focusing on the companies serving this important and very diverse sector, with many new start-ups, embryonic business models and some very fancy valuations. It is increasingly difficult to identify the companies that will be successful in this very dynamic, but potentially very lucrative industry.

The payments value chain is becoming even more complex. Not only do players have to deal with many different payments authorities and regulatory bodies, they now have to deal with new channels to market, opened up by online and mobile technologies. Companies are also looking to better exploit transaction-related data, combining it with information about the consumers preferences, history and location to generate additional business.

In this, the second report from TechMarketView on the payments business we consider the various elements of the payments value chain, identifying key issues and routes to success. We then focus on five potential winners in this space. From the large, highly valued but well-connected Monitise to the smaller, more focused newcomers of Proxama and Earthport and looking at the full service players of CGI and the Atos subsidiary, Worldline. This market segment is likely to undergo many far-reaching changes over the next few years and software and IT services vendors need to be aware of what drives success to benefit from the rapid growth that this period of change will generate.

Subscribers to FinancialServicesViews can access this report here.  To subscribe, or to learn more about this research stream, contact Deb Seth of our client services team.

Posted by Peter Roe at '09:00' - Tagged: mobility   payments