Future of Payments
January 22, 2025
The commercial payments market is projected to reach $1.26 trillion in revenue by 2028. 55% of banks today are challenged by competitive solutions from fintechs; 72% say it’s hard to compete in key areas. Most banks right now underestimate the importance of value-added services to customers and under-invest in the tech needed to deliver them.
Read the full study at https://www.accenture.com/us-en/insights/banking/reinventing-commercial-payments-profitable-growth
The Payments Association
St Clement’s House
27 Clements Lane
London EC4N 7AE
© Copyright 2024 The Payments Association. All Rights Reserved. The Payments Association is the trading name of Emerging Payments Ventures Limited.
Emerging Ventures Limited t/a The Payments Association; Registered in England and Wales, Company Number 06672728; VAT no. 938829859; Registered office address St. Clement’s House, 27 Clements Lane, London, England, EC4N 7AE.
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