MTOs Need to Look Beyond the Traditional to Find Faster Growth
Our Spring 2015 Payments Perspective examines the key trends impacting the global money transfer industry and how we believe Money Transfer Operators (MTOs) need to evolve their businesses to remain relevant. The money transfer business is under unrelenting pressure from a host of sources that are squeezing margins and threatening growth. Many MTOs recognize these challenges but continue to respond with old-school grounded visions of the industry. Traditional paths to growth are unlikely to lead to sustained market leadership and will only provide incremental gains. MTOs that want to capture and preserve long-term advantages need to consider adjacent areas of growth that can transform their industry.