This report identifies 10 key themes that are driving changes and disruption in the payments industry, including technologies such as blockchain, artificial intelligence, and the cloud. The report explores each theme and its impact on the payments industry over the coming years, as well as naming leaders and laggards for each theme. Going forward, companies that are not able to adapt to the changes brought about by these 10 themes will be left behind.
As the payments industry continues to shift and change, incumbent companies are acquiring startups and stakes in competitors to grow their market share. Visa completed its acquisition of open banking company Tink in 2022 and Worldline acquired an 80% stake in Eurobank Merchant Acquiring. Companies that dominate within these themes will continue to grow their market share and gradually push out their competitors. Interest in new payment solutions such as open banking, blockchain and buy now pay later (BNPL) was first driven by fintech startups but as they gain attention, incumbent companies are adopting them and launching their solutions. Visa and Mastercard developed their own BNPL solutions and are working on rolling them out at their merchants. This will challenge the position of the leading established BNPL providers such as Klarna and Afterpay.
As the payments industry continues to shift and change, incumbent companies are acquiring startups and stakes in competitors to grow their market share. Visa completed its acquisition of open banking company Tink in 2022 and Worldline acquired an 80% stake in Eurobank Merchant Acquiring. Companies that dominate within these themes will continue to grow their market share and gradually push out their competitors. Interest in new payment solutions such as open banking, blockchain and buy now pay later (BNPL) was first driven by fintech startups but as they gain attention, incumbent companies are adopting them and launching their solutions. Visa and Mastercard developed their own BNPL solutions and are working on rolling them out at their merchants. This will challenge the position of the leading established BNPL providers such as Klarna and Afterpay.
Scope
- Artificial intelligence will help financial institutions and payment companies make their operations more efficient by processing large volume of transactions and automating manual processes. It is also being adopted to develop innovative fraud prevention solutions.
- Incumbents such as Visa, Mastercard, and Apple have entered the BNPL space with their own solutions. However, many markets are likely to introduce more stringent regulations in the coming years.
- Incumbent companies are looking for opportunities to adopt and integrate blockchain solutions within their infrastructure.
Reasons to Buy
- Understand the 10 key themes for payments in 2022 and how they will impact the market in the coming years.
- Understand which companies are ahead of their competitors by virtue of their strong positions relative to these key themes.
Table of Contents
- Executive Summary
- Introduction
- Theme map
- Themes
- Sector Scorecard: Payments Scorecard
- Who’s who
- Thematic screen
- Valuation screen
- Risk screen
- Our Thematic Research Methodology
- About the Publisher
- Contact the Publisher
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Amazon
- PayPal
- ACI Worldwide
- Ant Group
- Tencent
- Alphabet
- Apple
- Visa
- Mastercard
- Klarna
- Revolut
- Stripe
- Afterpay
- Paytm
- Block
- JPMorgan Chase
- Barclays
- Adyen
- Worldline
- SumUp
- Wise
- American Express
- LINE
- Meta
- Samsung
- Monese
- JCB
- FIS
- Discover
- Verifone
- Fiserv
- Global Payments
- SecurePay
- Danske
- WorldRemit
- Nets
- MoneyGram
- Western Union
- PAX Technology
- Revolut
