In the last decade we have seen a new generation of fast-growing multinational business. The rise of mobile devices, data and the cloud has fueled digital platforms. PYMNTS gives insight on what might happen in the next three years.
There is no doubt that real-time payments technology is on its way to becoming a top feature in the coming years. RTP offers the opportunity to not only add more certainty and digitization to B2B payments, but to craft more discounting and payment incentives. PYMNTS gives insight on what needs to happen for the technology to move forward.
It's clear that mobile banking and social media have changed the perception of P2P payments over the years. In order to compete with P2P apps, banks must find a way to eliminate transaction fees. American Banker explains how banks can still get value out of offering this service free of charge.
The market for P2P payments is finally taking off after years of false starts, but there are still many unanswered questions. The biggest one: How do banks get value out of offering this service free of charge?
To compete with P2P payment frontrunners, banks must reduce customer transaction fees. Banking Exchange offers a wide variety of other opportunities—both in the long- and short-terms—to monetize P2P payments.