NEW RESEARCH – Payments Bulletin December 2015

TechMarketView’s theme for 2016 is “surfing the waves of disruption” as companies within the financial services sector face lots of change, both in the shape of the industry and through the impact of advances in technology and evolving customer behaviour.

The December edition of Payments Bulletin looks at two different disruptors to payments in 2016. These are at different stages of development and we consider their respective impact on the market and on the outlook for the SITS supplier community, particularly for the coming year.

The first wave of disruption considered is that of the Blockchain, whose threat/promise is still some way off-shore, but which does have the potential to transform many value chains and established ecosystems across the financial services industry. The potential impact goes well beyond the payments market, but nonetheless it will have a significant disruptive effect on this important segment.

In addition, we consider the impact of the Smartphone on the payments market. This “wave” has already been crashing against the sector’s defences for several years, but the continued increase in both penetration and sophistication of the devices means that there is still a lot of work for the payment incumbents to do to counter the adverse effects on their business. The smartphone is also enabling the introduction of new business models and their proponents, further adding to the competition in the sector.

Subscribers to FinancialServicesViews can access this latest report here. If you are interested in subscribing, please contact Deb Seth of our Client Services team.

Posted by Peter Roe at '09:35' - Tagged: mobility   smartphone   payments   banking   blockchain