All articles by John Chaplin

The payments game is changing

In tough economic times, you might expect payments innovation to take a back seat. But just the opposite seems to be happening. But if you lift the hood you see that many of these innovations are not being driven by the traditional players, but by new entrants to the market who are making their presence felt by competing aggressively for a share of the payments profit pool. This puts the traditional players in an increasingly precarious position. The growing role of the new entrants at the expense of traditional players should not come as a surprise. Earlier this year, Ixaris convened the Global Innovation Jury, which brought together 22 leading figures from the payments industry from 15 countries and across 5 continents. They shared their views on challenges facing the payments industry and their impact on innovation. One of the principle focuses of the Jury was to identify how well certain groups drive innovation.