Competing in Payments

26 February 2021

For decades, incumbent banks have held a leadership position in the payments business  and enjoyed high fees, healthy margins and limited competition. But as the payments ecosystem expands, these incumbents find themselves competing on multiple fronts.

With increased competition from card networks, payment platforms, challenger banks and bigtech, banks’ market share of the global banking and payments industry has  reduced from 96% in 2010 to 72% today. And competition is only going to get fiercer.

As banks look to develop strategies to counter the competition, this webinar will explore the key battlegrounds. The panel will discuss how the ability to improve  data-driven propositions, promote trust, reduce costs, realise scale advantages, drive innovation and support alternative payment rails will prove  the difference between staying ahead or falling behind.

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