75 billion devices could be digitally interconnected by 2025. For the Internet of Things (IoT) to develop its potential, direct transactions between machines without any human intervention are a mandatory requirement. This means that the European payments market is about to undergo a major upheaval. Financial service providers must prepare themselves now if they want to play an active role in this future market.
The "Internet of Payments" study provides an overview of the possible dimensions of M2M payments and shows the areas in which payment service providers must now become active. The clock is ticking!