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February 1, 2022

By 2030, 74% of consumer payments will be handled by non-traditional financial service providers

According to a new study by IDC Financial Insights commissioned by Episode Six, a payments technology company, 74% of consumer payments will be handled by non-traditional financial service institutions (FSIs) by 2030.

The IDC InfoBrief, Future Ready Payments Technology Reshapes the Playing Field for the Industry, highlights that while the payments world is changing FSI paytech is not, pushing lucrative consumer payment volumes to non-FSIs.

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Looking Back on Our 2021 Predictions

With one more year behind us, it’s around this time that we usually assess the market to make predictions for what will come over the next year. Last year, at around this same time, we did just this: posting our predictions for 2021. But before we jump into looking at what 2022 will bring, we first want to review the predictions we made last year to see how accurate they were and what major trends we missed.

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