McKinsey: Coronavirus will cost the payments industry $165bn

An analysis of the global payments industry by McKinsey & Company predicts that Covid-19 will result in a loss of revenues of between US$165bn and US$210bn in 2020 — and sets out “ten fundamental changes to the payments ecosystem that will help all of us find a new normal.”

Read the rest of McKinsey: Coronavirus will cost the payments industry $165bn at NFCW.