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Startups vs. Incumbents – It’s The Wild West in the Underserved Space

Startups vs. Incumbents. Is there a better way to describe the state of the payments business?

At the Money 2020 Conference in Las Vegas last week, this David vs. Goliath theme could be found in every topic covered:

  • Processing (First Data vs. Square)
  • Money Transfer (Western Union vs. Pangea)
  • Mobile Wallets (
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