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Banks to spend $57bn on legacy PayTech by 2028, study shows

By Puja Sharma

June 14, 2023

  • account to account payment
  • B2B BNPlL
  • Banking-as-a-Service

– Costs of supporting outdated systems will rise 7.8% per year -Future-ready PayTech could deliver a 42% boost in payments revenue for banks According to a new study by IDC Financial Insights sponsored by Episode Six (E6), a global provider of enterprise-grade payment processing and digital ledger infrastructure, spending on legacy PayTech is rising rapidly […]

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