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.

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. 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.

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