Discover and read the best of Twitter Threads about #payments

Most recents (4)

Another card consolidation scheme. "Curve".
Whether you're a small business or a giant payments provider, if some nobody startup tries to wedge itself between you and your customers, f$%^ them up, with extreme prejudice. Seriously.
My previous comments on Curve's lazy, cynical, parasitic business model:
Another failed scheme from a few years ago, "Fuze"
facebook.com/ideafaktory/po…

And Amazon tried this with their "wallet"
facebook.com/ideafaktory/po…
Read 6 tweets
FinTech Wave 1 (08-18) is ending, and Wave 2 (18-> ) is starting. Exciting times ahead. More innovation likely in the next 10 yrs than the previous 80 yrs. I’ve been writing about big shifts, trends, & strategy. So wrapping 2018 with a thread of some selected tweets/posts. (1/n)
2) China is the "FinTech capital of the world.” : - 700M+ mpay users, pymts vol > $15Tn, Alt-lend ~$300bn+. I spent 2016-17 in 🇨🇳 with a ringside view of the size/scale/on-ground realities for the biggest FinTechs. Here’s a long ( 60+ articles) thread:
3) During 2018, the shakeout in China’s $192 B peer-to-peer (P2P) lending industry accelerated at a rapid clip. In many ways, this regulatory crackdown is a step in the right direction towards industry standardization/clean-up. Long thread:
Read 13 tweets
Thread: FinancialServices Access
This has been a persistent subject as a market opportunity since I started at @MasterCard in 2001. Then @Citi & @AmericanExpress. Legacy financial services & #payments #technology were simply insufficient to service those markets economically.
1/5
Recently, companies like mPesa (Africa) showed that this can be done. Especially, in countries where you're building a completely new infrastructure, not relying on (or mandated to integrate with) legacy payment systems. Those carry onerous compliance & processing costs.
2/5
With almost full smartphone saturation, some #fintech players like Simple, even @Square's Cash & @Paypal's @Venmo apps, are able to get to more people. Others like Green Dot prepaid & payday lenders go deeper into servicing this population, but at controversially high fees.
3/5
Read 5 tweets
Prediction: a huge class action lawsuit by influencers banned or demonetized by social networks will lead to recognizing & protecting:
- accounts as personal property
- posts as free speech

The more livelihoods depend on social influence, the likelier this becomes.
To be featured in this class action lawsuit:

Shadow banning

There are several legal precedents for this:
1) malls are regulated as public spaces and must protect speech and assembly rights even though they're private minnpost.com/cityscape/2015…
2) utilities (gas, water, electric) aren't allowed to cut people off even if they miss bills.
Read 65 tweets

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