Adam Bowman is clear on Money 20/20 being the place where companies can connect, learn about each other and work to break down barriers in the payment world.
Speaking with FinTech Magazine, he discusses how the merchant acquirer space is changing within the banking industry and what this could mean for retailers and customers worldwide.
He states that the market is changing in several ways, including larger banks returning to the space, as well as fintechs looking for new ways to offer merchant payment acceptance.
Bowman also notes that there is now increased global competition and that companies will need to remain competitive by providing a wide variety of services to merchants to help them grow their businesses.
This involves the importance of appealing to the young consumer, how banking as a service (BaaS) can offer a variety of payment services, as well as ensuring good fraud prevention and safety within banking.
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