In conjunction with Moorgate and Opus Advisory Services International Inc., BNY Mellon has produced a report examining global payments and the factors influencing the payments space. The report, Global Payments 2020: Transformation and Convergence, says the next generation of tech-savvy business leaders is transforming the global payments market. Other main drivers of change include shifting demographics, the ascent of China, and regulatory regimes which are reflecting the increasingly dominant role of central banks in the management of the global economy. The report also discusses strategies that banks could adopt to harness these trends, including exploring more non-traditional alliances and partnership models – both within financial services and beyond.
To read the full whitepaper, please click here