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.
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Source Fool.com