Banks Risk Losing US$280 Billion in Payments Revenue by 2025, According to Accenture Report

NEW YORK, LONDON and HONG KONG; Sept. 16, 2019 – As much as 15% of banks’ global payments revenue, or US$280 billion, is likely be displaced by the growth of digital payments and competition from non-banks, as payments become more instant, invisible and free, according to a new report from Accenture (NYSE: ACN).

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