Is the dominance coming to an end?
For the last 30 years the payments acquiring market has been dominated by three suppliers. Following the impacts of M&A activity, product maturity decisions and the rapidly changing payments landscape the door has been opened to new entrants as banks and processors look to evaluate their payments strategy.
The challenge for many Vendors is to develop a clear and effective strategy that maximises the opportunity that this presents. The strategic assessment needs to be independent, objective and realistic. Key areas to review include:
- Key Sales Elements
- Pricing
- Target Market
- Key Differentiators
- Key Weaknesses
- Value Proposition
- Product Roadmap
- Delivery Capability
- Customer Support Programme
- Partners
- Tools
PayX’s overriding goal is the enhancement of the payments industry. Through our Vendor Partner Programme we work with payments Vendors to help develop successful propositions which offer Banks and Processors next generation payment solutions that future proofs their investment and delivers effective solutions to their consumers needs.
Now is the time to capture the unprecedented opportunity.
