5th August 2019

Key Points

• The two trillion-dollar global payments industry is forecast to grow 9% p.a. through to 2022
• Chinese companies are leading payments innovation and expanding globally
• Disruption in the payments industry is being driven by technological and regulatory change

The global payments industry is one that sits quietly underneath the world’s economies. Generally, businesses facilitating payments have been very successful through various operations whether it’s banks collecting fees for processing cheques, card network operators charging merchants for credit cards, or even one of the newer payments platforms charging retailers when a customer uses their mobile app.

In this Investment Horizon, we discuss the evolution of the payments industry and consider the drivers of change. We will look at some of the key players that have built the industry up and consider the new entrants that are disrupting these institutions.

A two trillion-dollar industry
The payments industry facilitates commerce and takes a margin from merchants when they sell their products. The industry has grown steadily, despite the pressure on payment processing fees from both competitors and regulators. Transaction volume growth is supported steadily by increased global spending and further boosted by a shift from

Read More >