Posts Tagged ‘marcus treacher’
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In this quote, Marcus Treacher is commenting on the payments industry and how it is being hindered by outdated banking systems. By saying the payments sector is “revving up” but “stuck in second gear”, he implies there is growing momentum and potential that is being braked by outdated banking infrastructure.
The overall interpretation is that Treacher believes new payment technologies are emerging faster than traditional banks can modernize, creating a disconnect where the banking establishment is the bottleneck preventing the industry from shifting to “third gear” or higher levels of innovation and progress.