Leaders in fintech gathered at Finovate Fall in New York City to discuss emerging trends facing the industry. The payments industry is experiencing multiple points of disruption with agentic AI, new modalities of payments, and regulatory changes all placing pressure on ecosystem participants. Players who understand how to leverage their value during this transition period will cement their relevancy in the coming years.

The global payments industry will be a $2.3 trillion revenue opportunity in 2028. But shifting business models, new technologies, and alternative payment methods are changing how key card players compete for a share of this revenue.

Despite growing demand, the ACH Network may struggle to keep up this momentum as real-time competitors advance

Holiday spend, international transactions, and non-card payments boosted growth

Working with Visa will bring the future P2P platform added trust and security—as well as real-time payment capabilities

We may have been a little too early with some of our predictions—rollouts for Paze and FedNow took longer than we expected

The faster payments scheme is now a true real-time payments competitor on par with The Clearing House’s RTP Network and FedNow

The capability should help boost Pix’s in-store volume, serving as a roadmap for the US’s FedNow to boost retail adoption

The real-time payments system could create a loss of interchange revenue and other challenges—but that’s not stopping them from signing up for it