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Banks Are Set to Lose $280 Billion in Revenue -- Here's Who Could Take It From Them

TheMotleyFool

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Banks Are Set to Lose $280 Billion in Revenue -- Here's Who Could Take It From Them

According to a recent report, banks could lose up to $280 billion in revenue from payment processing services. The reason? Fintech start-ups like Square (NYSE: SQ), PayPal (NASDAQ: PYPL), and others disrupting the industry.

In this Industry Focus: Financials clip, host Jason Moser and Fool.com contributor Matt Frankel, CFP, discuss the implications for the financial industry, and what investors should know.

To catch full episodes of all The Motley Fool's free podcasts, check out our podcast center. To get started investing, check out our quick-start guide to investing in stocks. A full transcript follows the video.

Source Fool.com

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