This ground-breaking study, delivered by Ovum, quantifies the detrimental effect Instant Payments and PSD2 will have on traditional credit and debit card payments in Europe and provides the only quantitative insights into exactly how and when this decline will take place. It also shows how Instant Payments under PSD2 will change the way consumers pay for goods and services, revolutionising e-commerce, and delves into potential ways banks can mitigate these threats.
Icon Solutions initiated this research in response to feedback from our European banking clients who expressed a need to more fully understand the likely implications of PSD2 and Instant Payments on consumer behaviours, and the resulting change to their business model and revenue streams. We believe that this whitepaper delivers the insights the banking community needs for future planning and decision-making.
"The best research paper on the impact of instant payments that I have read. The quality of insights, narrative and coverage regarding the implications of instant payments and PSD2 on card usage in Europe - makes this an essential read for all banking executives."