The payments industry comprises various segments such as retail payments, online merchant payments, B2B payments, remittance, as well as new payment types. The underlying tech and concept remain the same, which is to provide ease of use, security, and trust to the basic functionality of transferring money from one party to another using technology. Since the barrier to entry is low, there are always new players who enter with better and innovative solutions and challenge the traditional players for the market share; hence the traditional players try to stay relevant by merging or acquiring the new innovative players. Scaling is a moat in this low margin and high-volume industry. |
