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By Herwig TEMMERMAN, Partner at BearingPoint(1)
Humanity is at war with an invisible enemy: COVID-19. The impact is global and diverse. Regarding payments the Covid-19 crisis is not only accelerating the trends that were already visible before the start of the pandemic crisis but is also expected to have long lasting effects. This increases the urgency for business to adapt to these trends.
As most businesses, also the payments industry is having its digital revolution. In Europe this is further accentuated by the PSD2 regulation that has provided the foundation for open banking, allowing new players to enter the payments services market.
In parallel payment infrastructures are being modernized (see for example the T2 – T2S...
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