Payments initiation is increasingly getting fragmented with highly competitive technology-led platform players, non-financial institutions and crypto currencies taking the share away from financial institutions. Progressively, banks will be limited to providing only standardized clearing and settlement services. If banks do not act fast enough within the next 3 to 5 years, this squeeze from market participants across various facets of the value chain will confine them to at best, being efficient, cost effective payment processors. To transform themselves, banks will need to reassess their engagement and participation to the wider e-commerce and m-commerce value chains.