American Banker

Card issuers, payment processors should brace for a downturn

September 18, 2023

Banks & Lenders, Financial Services
American Banker

The payments industry’s soaring revenue growth of the last five years is decelerating.

Banks and other traditional payments players must adapt to the new market. Banks can seek a successful path forward through the use of technology and data, and partnering with fintechs to provide corporate and consumer customers with faster payment. Even though fintechs’ valuations and funding inflows have declined, their role remains critical.

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