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With connections to over 150 issuers, fintechs, and 12 processors globally, alongside integration capabilities with major payment schemes, Mea Card Gateway empowers organisations of all sizes, providing value-addedservices that have been previously hindered by PCIDSS compliance constraints.
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However, as was the case in the telecommunications industry, innovation doesn’t end because a product becomes commoditised. Payment service providers will need to find ways of monetising the data generated by payments and creating value-addedservices that elevate payments beyond a simple transfer of funds.
“Unless the existing merchant services company is integrated into that software provider’s ecosystem and is providing unique value to the software company and the enduser, they won’t exist in 10 years.”. But Aberman emphasized that this is far from a doomed situation for banks and financial services players.
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