Given these numbers, payment processors are a value investment because they are cash-rich. PayPal is a very cash-rich company now, but Square could grow into a cash-rich company.Read more
WhatsApp Pay is a peer-to-peer (P2P) payment solution similar to PayPal’s (NASDAQ: PYPL) Venmo that can be added to WhatsApp, the world’s most popular social messaging solution.
Facebook definitely has the potential to become a major player in Finance. If it works, WhatsApp Pay will be far more disruptive and valuable than Apple Pay ever can be.Read more
The payment wars will only end when central banks like the U.S. Federal Reserve, the People’s Bank of China (PBOC; the Bank of Canada, the Reserve Bank of India, the European Central Bank, and the Bank of England step in and take control of the payment system. That will be a repeat of what happened with paper money, which was originally printed by private banks but eventually taken over by Central Banks.
My prediction is lesser solutions like Microsoft Pay and Stripe will eventually be rolled into a larger payment solution. Eventually, there may just be one payment app; which will probably be managed by the Federal Reserve, or an international agency of some sort.Read more
PayPal might be shut out of markets by central banks like the People’s Bank of China (PBOC), or find itself competing with banks like the Federal Reserve. Something to remember is the paper money was developed by private banks and appropriated by central banks. The appropriation of electronic payments networks by central banks is beginning in countries like China and India, and it is likely to spread around the world.Read more
U.S. Patent Application 20180060860 filed on August 30, 2016, is for an “Expedited Virtual Currency Transaction System,” Captain Altcoin reported. The system is supposed to speed up cryptocurrency transactions and ensure security with “private keys.”Read more
It is not clear what countries Apple Pay Cash will go to next, but the United Kingdom is a likely possibility – because it is right next door to Ireland.
Members of the European Union such as France, Italy, and Germany, are also a strong possibility because Ireland and Spain are both members of the Eurozone.
The volume of Venmo payments increased by 86% during 2017, rising from $6.8 billion in 1st Quarter to $10.4 billion in 4th Quarter, Statisa reported. If those figures are accurate, Venmo’s payment volume increased by $3.6 billion during 2017.
These figures indicate that PayPal might be the most successful payment solution in the world. It might also be creating a Fintech network that will one day rival those of Visa (NYSE: VA) and MasterCard (NYSE: MA).
This should greatly increase Venmo use by eliminating two of the greatest drawbacks to the app. Those drawbacks were the inability to use it at most brick and mortar businesses, and the difficulty converting Venmo funds into paper cash.
Payments will be the big tech battle of 2018. Expect competition in this sector to heat up as PayPal starts raking in more cash.Read more
The brain drain is a serious problem for Amex because it deprives the company of needed industry knowledge and experience. Yet it is also an opportunity because American Express has a chance to promote younger and more creative executives more open to new opportunities.Read more
Beyond enabling Chinese business the Oxford deal gives Ant; and Tencent, a beachhead to enter the Canadian market. Once ensconced at the centers the two companies will start marketing their payment options to Canadians.Read more