Global payments start - ups will take up to $ 280bn in revenue from banks by 2025 , according to a report by Bloomberg . “The digital boom will mean banks have to fundamentally change the way they think about their revenue composition,” said Alan McIntyre, who leads Accenture’s banking practice. While the industry is expected to grow by around $ 500bn over the next six years , 15 % of banks ' global payments customers will shift towards such firms as Amazon , Square , PayPal and TransferWise , the study found .
Global payments start - ups will take up to $ 280bn in revenue from banks by 2025 , according to a report by Bloomberg . While the industry is expected to grow by around $ 500bn over the next six years , 15 % of banks ' global payments customers will shift towards such firms as Amazon , Square , PayPal and TransferWise , the study found .