Powering the Efficient Economy: Innovation in Payments & Collections

Technology, media and telecom companies are expanding internationally at an unprecedented speed, fuelled by customer demand on one hand, but newly accessible business models on the other, particularly in e-commerce, m-commerce and the growth of multi-seller marketplaces. It is in these industries too where some of the technologies that are shaking up the payments landscape are originating, from blockchain through to the internet of things, biometrics, wearables and big data. In this article we look at how Technology companies in particular, therefore, play a dual role, both as consumers of payments and collections on one hand, and providers to banks and the wider retail and corporate community on the other.