Global payments start-ups will take around $500bn in revenue from banks by 2025 , according to a report by Accenture. While the industry is set to grow by up to $280bn over 2025 , 3.9% of banks' global payments revenues will shift towards such firms as Stripe , PayPal , 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 Accenture. While the industry is set to grow by around $500bn over the next six years, 15% of banks' global payments revenues will shift towards such firms as Stripe, Square, PayPal and TransferWise, the study found.