There are about 2,000 fintech startups, with around 900 representing the payments industry, according to Kausik Rajgopal, director, McKinsey & Company.
“It represents a significant point of entry into the customer relationship,” he said during a session at the 2016 Money20/20 Conference in Las Vegas. “We believe payments will be a significant portion of fintech innovation.”
Rajgopal discussed his company’s report, “Payments on the Crest of the Fintech Wave,” and how this burgeoning area can....