![]() Digital currencies are moving from concept to reality, as more than 90% of central banks actively experiment with them as a complement to cash.By 2030, they could command a revenue pool worth $520 billion, intensifying competitive pressure on incumbents. Payments-focused fintechs now number more than 5,000 globally and account for about $100 billion of total industry revenues.Acquiring and payments processing witnessed the sharpest declines, with TSR falling by roughly 40%. The top 20 largest payments companies saw their TSR drop by an average of 20% over the past two years. Total shareholder returns have plummeted.Contributing macroeconomic factors include cooling inflation and normalization in interest rates. Slowing revenue growth comes from an expected shift in the retail payments mix from cards to account-to-account transactions, along with compressed card margins in some markets.But nontransaction revenue from interest- and fee-based sources is likely to expand by just 5.7%. Of this amount, transaction revenue from card and account-to-account payments rails is on track to grow by 7.1%. Revenue growth is likely to slow to 6.2% annually through 2027, with the revenue pool reaching $2.2 trillion by then.Total payments revenues grew at an annual rate of 8.3% from 2017 to 2022, taking the revenue pool to $1.6 trillion at the end of 2022.Those that undertake this work now can turn disruption into a source of long-term advantage. The throughline across our analysis is that institutions must put aside practices that no longer serve their stakeholders and instead must thoroughly modernize their technologies, techniques, and tactics. We begin by offering a comprehensive market outlook, and then we take deep dives into four subsectors: acquirers, issuers, wholesale transaction banks, and payments infrastructure providers. BCG’s 21st annual Global Payments Report looks at the opportunities and challenges facing this diverse industry. Change is exciting, but it’s also disruptive. This is a moment of truth for the industry. Payments leaders can fight this trend and resume their strong historical growth by doing things differently-innovation avenues are numerous, and customer appetite for the industry’s solutions remains robust-but they will need to take decisive action now to do so. Revenue growth is expected to slow over the next five years. Looking ahead, however, the operating environment is likely to become more difficult, as valuations have dramatically declined over the past two years and the macroenvironment has become more turbulent. These developments have propelled strong revenue growth and attracted more than 5,000 fintechs into the payments space. Payments have become more accessible, with innovations such as digital wallets, QR codes, and mobile money accelerating financial inclusion in developing economies. Journeys have expanded from transactions to an integrated array of solutions and value-added services. The payments industry has come a long way over the past decade-and in myriad directions! Consumers and companies have shifted from cash to a burgeoning array of electronic payments. Technology, Media, and Telecommunications.Windows 10 users, would you replace the classic Windows Media Player with its modern version? Let us know what you think in the comments. In case you missed it, Microsoft recently added better folder navigation to the Windows Media Player app in the Dev Channel. Open the downloaded file and update the app.Click the button with a checkmark and download the Microsoft.ZuneMusic_11.2209.30.0_neutral_~_8wekyb3d8bbwe.msixbundle file.Select RP from the next drop-down list.Select ProductID from the first drop-down.If waiting is not your option, here is how to download the new Windows Media Player on the stable Windows 10 versions (build 19042 and more recent): It is not available to the stable versions of Windows 10 (although it appears as such in the Microsoft Store), but the release should not take too long to arrive. ![]() The software giant has yet to announce the release of the updated Windows Media Player app to Windows 10 in the Release Preview Channel. The old app is still available in the Windows Tools folder, and you can delete the new one if you dislike it. Microsoft understands that many users love the classic Windows Media Player, so it does not plan to remove it from Windows 10 and 11 yet.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |