Payments landscape is rapidly evolving thanks to multi-dimensional disruption caused by several forces such as economy, technology, changing customer dynamics, competition, regulatory requirements and more. This is putting pressure on the incumbents to evolve their payments technology strategy and be future ready.
This paper discusses the various attributes the payments platform needs to have for a successful modernization – key considerations being openness, scalability, automation, embedded intelligence, total cloud readiness and product innovation enablers. The paper calls out four distinct strategies for modernization of payments landscape with payments services hub.
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