In the past year, real-time payments progressed toward widespread availability, mergers and acquisition activity brought new, key players to the fintech arena and partnerships illuminated newfound strengths from bank-fintech collaborations. That's paved the way for payment companies to meet economic risks and new challenges in the year ahead.
When reliable recession indicators like the inversion in the 10-2 spread start showing signs of a likely recession, both consumers and business will begin to prepare to cut back on spending to compensate for lower profits or incomes.