Industry Trend: Social & Mobile Payments

By | June 24, 2014
This entry is part 19 of 30 in the series Trends

Payments is such a hot topic I feel so me-too’sh just mentioning it.

Venmo, (see in app store), provides one-touch payments across multiple applications.  The Venmo App eliminates the need for users to enter their payment information on multiple applications. It is an online payments gateway provider that stores consumers’ payment information for future use at those merchants.

I enjoyed the summary in Skinner’s Digital Bank under “Social Money and Payments”.  He covers:

  • P2P internet payments such as PayPal
  • Mobile remittances such as M-PESA
  • Long list of long-tail merchant payments such as Square, PayPal Here, Silver, iZettle, mPowa, Payatrader, Intuit GoPayment, Bancard PayAnywhere, Verifone, Payleven and Sumup.
  • Payments with mobile wallets such as Google Wallet
  • Payments with virtual currencies such as Bitcoin
  • Bank social payments such as iDEAL and ePayo.
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