Article · 2022-08-16
Deloitte names Inpay as a Key Player in the EU Payments Landscape
Inpay has been named as a Key Player in the EU Payments Landscape in a new report from Deloitte, the global consulting firm.
The report highlights Inpay's impressive network and fast growth, and places it alongside other Danish heavyweights such as MobilePay from DanskeBank, and Viabill.
The report, commissioned by Deloitte, and compiled by The Payments Association EU (PA EU) and The Paypers, offers an exclusive strategic review across the EU’s individual payments markets, ranking the key players according to their place in the value chain and financial indicators.
In the first part, Deloitte presents a panorama of the payments ecosystem. In the second part, it takes a closer look at the players and characteristics of the EU payments landscape. This analysis is carried out at three different levels: global, regional and local with a comprehensive observation of operators and country-specific results.
The report is complemented by a financial perspective thanks to the exclusive use of the Orbis database (by Bureau van Dijk, a Moody’s Analytics Company) and convenient LinkedIn hyperlinks to easily reach all listed companies.
The research discovered several upcoming trends, including:
- PSD2 should have been a driver for innovation in payments, yet we are seeing a disparity in terms of players It seems that the fragmentation of technical standards and the reluctance of banks to adopt the account-to-account payment infrastructure may largely explain why PSD2 has not driven greater growth in Europe as a whole.
- With the financial crisis of 2008, Brexit, COVID-19, and now the war in Ukraine, Europe has experienced many disruptions that have prevented regulatory harmonization, but this has not averted a continued move towards a cashless society. In addition, many players have taken advantage of the emerging alternative payment methods and have increased e-commerce volumes
- Harmonised regulation, digitalisation, and fintech investments can form the next European payments champions. Going from regional players to global phenomenons, we mention that in 2021 there were 85 new fintech unicorns, bringing the total to 132; the growth rate in Europe exceeded the US-based one twofold.
You can download the report here.