Download the Payment Strategy Report.
Get ahead in the changing world of payments.
Banking and payments are converging: This means banking services and payment methods are being integrated to create a seamless user experience.
Buying cars, spending a weekend away and even paying taxes are becoming much easier as companies transform their payment strategies. By seamlessly converging a range of financial services with payment solutions, businesses are becoming more efficient and customers are getting better service with more payment options.
Our research shows that companies that do this benefit significantly. In our report, we explore exactly what we mean by convergence of banking and payments, and how payment modernization can boost your business.
More companies are strengthening their payments strategies. In 2023, only 28% of companies had an advanced payments strategy. In 2024, it rose to 42%.
Why?
The rise of new technologies, such as AI, is transforming payments.
The risk of fraud is high, and companies want to do what they can to mitigate it.
Consumers want payments to be simple, quick and convenient and secure
Prioritizing your payments strategy and thinking about how to converge banking and payments can be very good business.
The businesses in our research that do this – the Payment Innovators – outperform the others on every business metric we asked them about.
71% of the Payment Innovators improved their revenues in the past 12 months, compared with only 51% of the rest.
Download our report to find out how to get ahead by innovating payments.
Lodging industry
Retail industry
Automotive industry
Public sector
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