Why Banks Should Welcome Nonbanks in Payments
April 22, 2013
Processing payments is a costly activity for banks, one that nonbank businesses, such as telecommunications operators and retailers may be able to handle more nimbly and efficiently, says Dave Birch of Consult Hyperion. Rather than threats, banks should view these more lightly regulated outsiders as potential partners.
Related article: Mobile Devices Can Help Bank the Underbanked
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