The global wholesale payments market is evolving rapidly and undergoing tremendous growth. Aite Group estimates that total industry revenues will grow from US$18 billion in 2008 to US$25 billion in 2012 - a 6.79% compound annual growth rate. Meanwhile, there are economic and regulatory drivers leading the market toward payments convergence, while demanding increased support for related functions, including foreign exchange, trade finance, and electronic invoice presentment and payment (EIPP). As a result, technology vendors are under pressure to close gaps in their solution and product sets.
"The most successful vendors in this market will be those whose solutions are flexible, configurable, and easily integrated with other external systems," says Nancy Atkinson, senior analyst with Aite Group and author of this report. "They will act as building blocks with standard connections, allowing disparate offerings to connect to each other and creating the ability to add more blocks at any time in order to meet the needs of the client."
This 55-page Impact Report contains 21 Figures and 10 Tables, and will be followed by a series of related reports looking at specific segments of the wholesale payments ecosystem. It references more than 40 vendors in categories including EIPP solution providers, payments system providers and processors, cash management system providers, core system providers, system integrators, specialized processing vendors, facilitators, and networks.