By 2030, 74 Percent Of Consumer Payments Will Be Handled by Non-traditional Financial Service Providers
“Future ready” paytech investment to date by Financial Services Institutions has not been sufficient in slowing down this shift, resulting in a loss of $250 billion in payments revenue by 2030 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[i]. This figure is an increase from 60% in......
