Covid-19 is affecting the payments industry, which may see a fall in revenues this year, but analysts are saying that the pandemic could be the best thing that ever happened to it
Deutsche Post DHL treasurer Carola Schmitz-Becker is no stranger to efficiency concerns. Being able to receive payments instantaneously has shifted her focus towards improving the group’s e-commerce offerings.
A revolution in the way the public pays is being echoed in the corporate world. As the likes of BAML roll out innovation payment solutions for corporates, treasurers are weighing up the benefit.
Although Australian banks are introducing their own tech solutions, start-up digital players are making inroads with the help of a new government-backed incubator.
Banks have been experimenting with Ripple’s technology, which could make payments far more efficient, but a recent report questions whether it can handle larger volumes.