The ever changing market and adoption of buying on line is exploding the use of none banking type payment platforms. This is particularly noticeable in China where Tencent over a 5 day period (Chinese New Year) were processing 800 million payments per hour.

As noted in the article Goldman Sachs,  JP Morgan and Citi trading revenues fell fell in the second quarter of 2017.

In the meantime between 2000 and 2016 it seems that 3rd party payments have grown by 74 times representing payments of a staggering US$11.4 trillion in China.

It is clear that Banks need to do more to compete with the large Fintechs as otherwise as Ulrich ( Vice Chair at JP Morgan Chase - Asia Pacific states: '... Otherwise we will be left with no business.'