Tuesday 26 November 2019

*NEW RESEARCH* Payments innovation, New Kids on the Block

Innovation in the payments space has been the catalyst for much of the technology-led transformation of the wider banking industry, and payments still represents the most vibrant segment of the value chain, as far as new technologies are concerned. The payments space is continuing to evolve rapidly off the back of significant disruptive innovation and a focus on the needs of the end user.

PINKOTBIn addition to bringing greater process efficiency, innovative product providers and the advent of new technology have successfully been the facilitators of growth. In recent years, those market segments and territories that have embraced new payments technology have consistently demonstrated the most favourable growth in payments revenues.

The UK and Ireland has been a hotbed for payments innovation in recent years. Some of the most successful and disruptive new players in the global payments space have emerged from these shores. Here we’ve taken a brief look at a few of the major success stories that have been making the headlines recently.

Subscribers to our FinancialServicesViews research programme can download Payments Innovation New Kids on the Block now.

If you are not currently a subscriber and are interested in accessing the research, please contact Deb Seth.

Posted by Jon C Davies at '07:00' - Tagged: payments