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The right payment mix for banks: The near future and beyond

Jun 02, 2015

The payment industry is in flux. New entrants, regulations and technologies are challenging the existing models. We review the upcoming changes that will reshape the European payment space and discuss how banks will need to adapt to remain on top of the game.

Through the combination of new technologies, entrants and regulation, the dominant position of banks and their business models in payments are being challenged.
First of all, payment is becoming a commodity whose cost can be higher than its revenues. This results from increased competition, both between banks and with new entrants, as well as from regulations that bring down direct revenues from payments (e.g., lowering card interchange fees).

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