Even though the pace of growth in global payments business is slowing, the product can still a stable long-term source of income for banks, which are struggling to use the words “stable” and “income” in the same sentence with a straight face.

“The last 12 months have really changed the perspective of banks toward payments,” says Niclas Storz, a Boston Consulting Group partner and co-author of a report called “Weathering the Storm: Global Payments 2009.”

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.