Retail must partner with fintechs or prepare to fail

Corporate scale has become an innovation liability as bureaucracy stalls retail payment evolution. Fintech partnerships offer the only escape from irrelevance.

Opinion by: Vitaliy Shtyrkin, chief product officer at B2BINPAY

For years, large retailers invested heavily in their own fintech divisions, convinced they could develop payment solutions internally, overlook smaller players and innovate independently — and, for a while, they succeeded. 

Today, however, despite boasting vast resources and a global reach, corporations are realizing that money no longer guarantees innovation.

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