How The Credit Card Networks Can Fend Off Fintech

  • Emerging technology and changing customer behaviour may pose an existential threat to credit and debit card payment networks, but we remain optimistic about the payment industry‚Äôs future.
  • Smartphones are giving consumers more ways to pay in-store and online through digital wallets, QR codes and in-app payment capabilities. However, cards still largely fund these digital wallets.
  • Alternative local payment methods are becoming increasingly common primarily in emerging markets with underdeveloped banking systems.
  • As more consumers make online purchases it will continue to have a positive impact on card network volumes.

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