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The global wholesale payments revenue is estimated to cross the $500 billion mark by 2026, an average annual increase of 6% over 2016. Corporate payments are not only an important revenue source but also vital for driving deeper customer relationships. Digital technologies, new competition, and open banking are a few factors giving further wind to the sail in corporate and wholesale payments. This point-of-view paper, put together by the Banking Visionaries’ Council, looks at how the new developments in banking are changing the face of corporate payments, examines new ways adopted by payment providers in response to these changes, and explore the solutions banks can potentially embrace to elevate their play in the payments space.

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