Shift in Financial Services through Payment Business

Financial services and payment business, as we know, go hand in hand but they have quite an opposite relationship with one another. As the payment business continues to advance, the cliché financial services are suffering great loss and negligence from the very customers which once turned them into gigantic financial figures. Now the question here is, what exactly is casting traditional financial services out from the scenario and why exactly is it happening. To know more, let’s dive right into the heart of the matter:

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Evolution of Payments:

Payment business has taken one several new ventures in the past decade, out of which 2 are most prominent:

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