ETtech In-depth: Regulatory changes may raise payment firms’ operating costs, shrink revenue streams

Shrinking revenue streams, a bruising price war, and an accelerating push for consolidation are the three big outcomes payment industry executives foresee from the double whammy of recent RBI restrictions on merchant payments and the ban on real-money gaming.

Yet, the regulations have also created fresh opportunities, bringing formalisation to the sector and opening new business lines, insiders said.