It’s happening – the payments industry is going through a transformational once-in-a-generation type of shift.

Financial institutions have been controlling the payments industry for quite a while – until 2014, when big investors poured more than $130 billion into technologies like Blockchain and mobile payments. With the investment, the relationship between banks, credit card companies and consumers have drastically changed.

Traditionally, banks and credit card companies serve a consumer’s financial needs from A to Z. With the future disruptive payments shift businesses and consumers will interact with multiple companies, on different levels and in a technology-driven and more decentralized system.

The current payments landscape is shifting and changing at a fast pace: companies are vertically integrating, consolidating or looking to add new technologies and products to boost existing portfolios, as seen in the table below: