Card payments are critical to the smooth running of the UK economy, and in the wake of Covid-19 their use has grown dramatically.
Mainstream banks’ traditional control over payment systems has provided a valuable revenue stream, but they now face significant risk from fintechs offering a simpler user experience.
With ever-increasing pressure from regulation, technological innovations and fast-evolving consumer demands, incumbent banks need to move fast to address the challenge to their dominance in the payments sector.
Our expert panel will discuss the scenarios and strategies banks could follow to respond to market changes.
Fiona Blades, President, MESH Experience
Scott Abrahams, Senior Vice President, Business Development & FinTech, UK and Ireland, Mastercard