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Making waves with EY – the PayTechs edition
09/05/2023
Making waves with EY – the PayTechs edition
The disruption of the traditional payments ecosystem has been rapid and impactful. Payments lie at the intersection of commerce and the digital economy and PayTechs have exploded into the market, recognizing that fast, frictionless and embedded payments offer a distinct competitive advantage. As the digital economy grows and customer appetite for seamless payments increases, PayTechs are offering integrated solutions for both consumers and merchants to meet this demand. In this episode, our host Diana Halder is joined by our Global EY leaders to explore the 7 transformative themes shaping the payments realm. Key takeaways: PayTechs have driven transformative advancements in the payments industry, ushering in innovative solutions, increased accessibility and enhanced user experiences. Real-time payments have revolutionized the financial landscape, providing faster, more efficient, and seamless transactions for consumers and businesses alike. The digital economy's rapid evolution continues to reshape industries, enabling unprecedented connectivity, innovation and opportunities worldwide. Open Banking has empowered PayTechs to leverage data-sharing opportunities, fostering a collaborative ecosystem that delivers personalized and inclusive financial services.
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