Startups, Instant Payments Could Put $280B In Global Payments Revenue At Risk For Banks
PYMNTS
SEPTEMBER 16, 2019
As more startups penetrate the $1.5 Financial institutions currently control the international payments sector — anticipated to reach $2 trillion globally by 2025 — but startups will continue to crowd the market, taking 15 percent of banks’ revenues, Accenture said in the report. .
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