Tech firms taking on the banks: 6 companies moving into payments

Matthew Finnegan
Matthew Finnegan

Matthew Finnegan

Matthew Finnegan joined IDG UK in January 2013, having spent two years writing for tech news titles including TechEye and ChannelBiz.

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With digital transactions become ever more popular – the British Bankers’ Association estimates that £1 billion is spent in the UK each day in this manner – technology firms are increasingly staking a claim in the payments space.

The launch of Facebook’s mobile payments system in the US today is just one example of how major tech companies are encroaching into territory more typically associated with traditional retail banks.

Here are five of the firms that are set to make an impact in the financial sector in future...

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