A report by technology firm Ovum has found that globally, the 52% of banks expect to increase their payment technology expenditure in 2016, up from 61% that increased their spending in 2015. The boost in investment is thought to be driven by a need to improve cybersecurity measures, but is also aimed at exploring the potential of blockchain technology and mobile payments technology.
A report by technology firm Ovum has found that globally, 61% of banks expect to increase their payment technology expenditure in 2016, up from the 52% that increased their spending in 2015. The boost in investment is thought to be driven by a need to improve cybersecurity measures, but is also aimed at exploring the potential of blockchain technology and mobile payments technology.