November 4, 2014
The payment industry in US has come a long way in the last 10 years. Arguably, it is one of the most dynamic and rapidly evolving industries globally.
$2,286 Mn+ investments have been done in payment firms by VCs & Strategic Investors in 2013 & 2014.
The availability and extensive use of digital channels has contributed significantly in this dramatic evolution of payment Industry. Due to the evolving mobile ecosystem that has bought new innovative methods for electronic payment, there has been a major shift in the preferred modes of payments.
While tech giants and start-ups have tried hard to keep up with the pace of evolution, it has presented new challenges to the companies in this space. One of the biggest challenges has been the availability of skilled talent. The industry requires specific skill sets to combat the seen and unforeseen challenges because of the dynamic nature of the industry.
As Robert Selander, Former CEO of MasterCard had said: In the current economic environment there is stress on our customers, and that preoccup ...