We break down data for 15 payments leaders to chart what their initiatives in payments tech — from digital currencies to real-time payments — reveal about the changing competitive landscape.
Global payments revenue from transactions is set to keep climbing.
But how consumers and businesses pay is being reshaped by tech like digital wallets, open banking, real-time payments, and more — posing a threat to legacy payments companies’ revenues as well as profits long-term. Incumbents are striking lots of deals to preempt this.
Capital One’s planned $35B acquisition of Discover Financial, which is built largely on the value of Discover’s payments network, underscores the value financial services incumbents see in payments.
So where else are the major players placing bets in paytech to build out their future revenue streams?
In this report, we isolated 7 impactful paytech sectors. We then analyzed CB Insights profile data for 15 payments leaders and mapped their investments, acquisitions, and partnerships in those key paytech categories over the past 3 years.
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