Due to fintech competition, banks risk losing US$280 billion in payments revenue by 2025, according to Accenture Report. Accenture is coming to Banking 4.0

Yet, as digital payments continue to grow, banks can tap into US$500 billion opportunity in new payments revenue if they adopt innovative business models. As much as 15% of banks’ global payments revenue, or US$280 billion, is likely be displaced by the growth of digital payments and competition from non-banks, as payments become more instant, invisible and free, according to a new report from Accenture. The report found that global […]