Recap: Money 20/20 Europe – Changes and Trends in the Payment Industry
From June 3-5 we attended Money 20/20 Europe in Amsterdam. Beside 27 meetings, 5 networking events and close to 50 new contacts, Money 20/20 was also worth a visit in terms of the provided content and panel discussions.
Browsing through the exhibition area shows the trends driving the payments industry: common themes on brochures and stands are “Smart Payments”, “Payments of the Future” or “Seamless Payments”. If you take a closer look at the panels other topics seem more important, such as artificial intelligence (AI), security, regulations (PSD2), transparency and cross-border payments.
For our short recap we decided to focus on two topics that aren’t only relevant to us but also play a big role in day-to-day business with our clients: “Retail goes global, payments go local” and “Merger & Acquisitions in the Payment Industry”.
Retail goes global, payments go local
IXOPAY is in a constant state of “connectivity growth”. Within the last six months we integrated more adapters than ever before, based on our clients’ needs – an average of three new payment adapters went live on the platform per month. A global trend is the rapidly growing demand for alternative payment methods (APMs): today's technology landscape facilitates the international expansion of merchants, and end customers in all regions are happy to get access to international brands. However, they still want to pay in their own currency, via their favored methods. This compels Merchants to seek out and integrate a multitude of local payment providers which brings its share of technical and operational challenges – challenges that IXOPAY is designed to address, by virtue of its zero-coding, fully consolidated approach to payments processing.
Mergers & Acquisitions in the Payment Industry
Mergers & Acquisitions in the payment sector still dominated discussions at Money 20/20, even if mostly behind closed doors. Large players buying small, nimble start-ups, young founders making speedy exits: the half-life of a payments company seems to get ever shorter, a feeling underscored by comparing attendee lists from last and this year’s events. As for IXOPAY, we’re happy to announce that our company, logo and team will be attending Money 20/20 again next year. As a privately held & independent company with 20 years’ sustained, organic growth behind us, we are confident in our ability to offer our clients long-lasting, productive relationships while staying at the forefront of payments innovation.