Payments innovation could cost banks $280bn in lost revenue by 2025

Traditional banks that are slow to respond to innovation in the banking industry could lose up to $280bn by 2025 as the offer of instant, invisible and free payments wipes out once lucrative payments revenue channels. That is according to a new report by professional services company Accenture, titled Banking Pulse Survey: Two Ways to … Continue reading Payments innovation could cost banks $280bn in lost revenue by 2025