Broadband India Forum
Web 2.0 & Services => Technology => Topic started by: wiredlife on August 30, 2017, 01:52:02 PM
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We believe traditional merchant acquirers will lose online payments share to acquirers like PayPal, Adyen, Stripe, and Wirecard who have more advanced technology solutions and who serve more online-first merchants.
We have other startups like Affirm and Klarna are seeking to reduce friction and transform retail lending online.
We believe scaling a presence in peer-to-peer (C2C) payments will be of greatest value in emerging markets given a large under-banked population and lack of tech-enabled banking, as it can establish a user base upon which a larger payment presence can be built. We have seen this play out with mobile money transfers in the past 10 years, and believe China and India are well down this road. In the United States, Venmo has successfully built a loyal millennial user base that can be monetized in the future.