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How a Globalizing Payments Market Brought St. Louis and a Melbourne-Based FinTech Company Together

Now more than ever, the payments market is becoming global, evident by studying the Asian and Australian markets which are two of the largest markets for financial services and financial technology. BCG values the emerging Asia-Pacific payments market, which already takes in over a third of global payment revenues, at around $90 trillion in 2016 and expects that value to grow to $135 trillion by 2020. More broadly, market research estimates that the Australian FinTech industry generated $180.2 million in 2015 and projects it to grow at a CAGR of 76.3% and exceed $2.92 billion by 2020.

A great example of this market growth is Melbourne-based payments company, Assembly Payments (formerly PromisePay). Ass ...

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