How banks and payments companies are using social media.
Connecting the dots in payments...
Connecting the dots in Payments...
REPORT
Key Findings in the Study Include:
? 19%: How much more likely global merchants are to offer in-store kiosk pickup options than consumers are to realize they are available
? 37%: Portion of global consumers who are digital enthusiasts
? 46%: Share of global in-store shoppers who used smartphones to enhance their most recent in-store shopping journey
Key Findings in the Study Include:
? 50%: Share of brick-and-mortar shoppers in Brazil who use smartphones while shopping in-store.
? 57%: Share of brick-and-mortar shoppers in Brazil who cite immediate availability as a reason for shopping in-store.
? 23%: Portion of shoppers in Brazil who shopped paid for their most recent purchase entirely via mobile.
The single most important force of innovation and value-creation in North American fintech over the last decade was integrated payments, specifically the embedding of payment acceptance and payment initiation into commerce and business management software.
?? NEWS HIGHLIGHT
The introduction of Pay by Bank is a response to shifts in the payments market which created a growing need for a low-cost alternative to iDEAL. With Pay by Bank, Buckaroo offers an alternative payment method that speeds up the checkout process for webshops up to 25% without paying extra.
?? INFOGRAPHIC
Among private payments companies valued at $1B+ ??, the highest-valued players are:
? Stripe ($50B)
? Ripple ($15B)
? Brex ($12.3B)
? PhonePe ($12.2B)
?? ARTICLE
Sebastian Siemiatkowski, once said it’s not that crazy to lose $100 million a month while building a business. So it shouldn’t be that surprising that last autumn, he says, he offered up his $6.7 billion company as a sandbox for Sam Altman, the CEO of OpenAI, to play with.
领英推荐
?? ?? BLOG
We are all at least 25% more interested in Stripe because we cannot get a peak under the hood. This has made for the stuff of several amazing profiles.?
But, what exactly is its legendary product strategy? What lessons can product leaders take from Stripe? Enter this piece.?
I highly recommend reading the complete Aakash Gupta piece!
??INSIGHTS
Banks and other payment companies are using a variety of social media strategies to communicate with their audiences. In this report, we break down which social media platforms the biggest payment companies in the world are using, as well as how they are using them.
?? ANALYSIS
An analysis shows that Zalando Payments generated EUR 268 million (in German only) in revenue and EUR 5 million in profit in 2021. BNPL and invoice payment were likely the focus of efforts in the past years.
NOW, ON TO THE SUMMARY OF LAST WEEK'S?NEWS
?? PAYMENTS HIGHLIGHTS
?? Mastercard and Alipay extend partnership to boost cashless payments in China.
?? Apple and Google likely targets in consumer watchdog payments rule.
?? REGIONAL HIGHLIGHTS
UK ????
Checkout.com launches ‘Intelligent Acceptance’, an AI-powered optimisation engine to increase merchant revenue.
Square announced the beta launch of new banking and spend management solutions for its U.S. sellers, including new credit tools and features that help businesses simplify their cash flow management and consolidate their finances.
EUROPE ????
CaixaBank has partnered with EPC-approved European Clearing & Settlement Mechanism (CSM) Iberpay to introduce the SEPA Request-to-Pay (SRTP) service in Europe.
USA ????
Google Workspace has partnered with Stripe to help business accept payments through Google Calendar.
Sardine announced the formation of SardineX, an industry-wide, independent consortium to curtail payment fraud by bringing together established financial institutions and emerging FinTech organisations.
ASIA
GHL Systems (GHL) has enabled Alipay+ for over 2,600 businesses in Thailand to accept cross-border digital payments from leading Asian mobile wallets.
AsiaPay has announced the partnership with PayMe by HSBC in Hong Kong to help local merchants provide more flexible payment options in a single device and enhance the purchase experience for consumers.