Emerging markets will drive innovation in the payments industry
• Nearly 90% of people under 30 years reside in emerging markets and the same demographic also accounts disproportionately for online transactions.
• Majority of the two billion unbanked population resides in emerging markets
• 89% of payment executives in emerging markets believe that products and business models need to change to meet future customer expectations.
• A new breed of mobile and FinTech innovators are disrupting the payments market with innovative customer centric business models