The Covid-19 pandemic hypercharged digital payments, with a cross-generational shift towards adopting digital channels. Additionally, new competitors were attracted to this lucrative space, such as those offering Buy-Now-Pay-Later options, squeezing traditional financial institutions, who are hamstrung by low interest rates and high credit-card losses.
Banks, fintechs, and other experts come together to discuss the new payments landscape, and how partnerships, outsourcing, and in-house development can shape financial institutions’ offerings in 2021 and beyond.
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