The last few years have been transformative for the payments industry. While financial services businesses are no strangers to regulation, the increasing complexity of legislative change and the accelerating pace of technology development are bringing about a new era in the ecosystem’s evolution – albeit one which is currently difficult to fully envision.
One thing is certain though – the next logical step in the advancement of the payments landscape is to look for further ways to speed up the movement of money between parties in the chain while decreasing costs, by taking advantage of the incoming infrastructure and market opportunities.