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The Need for New e-Payment Methods

The world is changing extremely fast, particularly as a result of recent huge strides in technology. The business model of many companies has also shifted towards B2C in parallel with it. A consequence of this fundamental transformation is that companies have to collect funds (i.e., incoming payments) using new payment methods (i.e., e-payments).

They need to embrace these diverse and varied payment methods if they are to collect the funds due to this business transformation and make their new operating models viable in the long term. The difficulty often derives from the high volume of receipt transactions and their low, or even tiny, value. This throws costs and other expenses into sharp relief.

Key Points

  • Multiple players
  • Challenges for retail and commercial banks
  • Ferocious e-competition everywhere
  • A world of opportunities is opening up to us

 

Written by

François Masquelier
Head of Corporate Finance and Treasury, RTL Group, and Honorary Chairman of the European Association of Corporate Treasurers
RTL Group

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