Global Payments Industry

Insights

The payments landscape is getting a major makeover thanks to the rise of FinTech and PayTech companies. PayTechs, a subset of FinTechs, make up 25% of the industry and are focused on providing innovative payment solutions for consumers and merchants.
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Payments play a vital role in customers' purchasing experiences and contribute significantly to financial institutions' bottom line. The global real-time payments market processed over 70 billion transactions in 2020, and this number is rapidly increasing. Banks, particularly, can enjoy a return on assets (ROA) of...
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The US dollar has long held the omnipotent title of the world's reserve currency. However, times are changing as various economies drive to reduce their reliance on it and increase their own economic clout. The possibility of the US dollar losing its role as the...
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