Pressure to tap into the potential value of the global payments industry is driving consolidation and platformification across the sector, according to Mike Massaro, CEO of Flywire. Mike Massaro, Flywire CEO “A lot of companies are seeing the value in owning just a piece of this market,” Massaro tells FinTech Futures. “There is a pro venture perspective. People see a $24 trillion cross border industry and decide that if they can get a tiny slice of that they will be a big company.” The reality, says Massaro, is that the $24 trillion isn’t moving around for the same reason. “It’s…
Flywire CEO talks payments platforms, consolidation and fragmentation
Flywire CEO talks payments platforms, consolidation and fragmentation
