PwC report: “Traditional institutions are transforming themselves at a pace not seen before with greater urgency than in most other markets."

“YellowPepper has the skill set and existing footprint in the region to help us accelerate time to market for our clients," said Allen Cueli of Visa.

Though most now see the importance of omnichannel, more than half of the financial companies surveyed "have not begun substantive efforts."

Two Scandinavian countries are already ditching currency for most applications, and one study says that money will be replaced by payments through mobile devices by 2030.