New Research Reveals the ‘Payment Processing as a Business’ Opportunity for Banks
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Monday, October 10, 2022
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In response, banks are increasingly turning to vendors and third parties for payments processing, enabling focus to remain on other strategic priorities.
Key Points:
- In response, banks are increasingly turning to vendors and third parties for payments processing, enabling focus to remain on other strategic priorities.
- This market dynamic presents a sizeable opportunity for banks to adopt Payments Processing as a Business (PPaaB) strategies.
- Although many banks already provide payment and banking services to other banks through existing correspondent banking models, there is significant potential to expand these opportunities further.
- To download the full report, The Payments Processing Opportunity for Banks: Moving Account-Based Payments From Cost Centre to Revenue Stream, click here .