Recent Transaction Announcements
July 2014
Payment services have long been a relatively stable sector of the financial services industry. Few really great leaps forward with a major impact on the consumer experience since payment cards became entrenched have been implemented. Now, the last two years have seen a growing number of initiatives, especially in mobile payments technology, from incumbent financial services and payments companies to new entrants like telco/high-tech/consumer product companies. All parties recognize that the data to be garnered through payment systems is more valuable than the various transaction fees levied from merchants and customers. To seize such opportunity, players introduce solutions; others acquire, integrate and improve on these. The reality is that the range and variety of current developments is extensive and possibly confusing. It remains to be seen which, if any, of these initiatives will have the potential to penetrate mass markets and truly transform consumer behavior. We invite you to read our recent Frontiers in Finance publication and reflect on our observations and the impact it may have on corporate strategy and M&A.
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