Beiträge

The Future of Payments: Which Game Changing Technologies Will Affect the Retail Industry

payments journalWhile our industry – like any other – is facing massive disruption (or re-invention rather in most cases), some changes could lead to a dramatic shift in how things are being done. From a Consumer perspective mostly. The Payments Journal has written a summary and analysis of what is coming up, or better may be coming up, and identifies autonomous cars, augmented reality and AI so mention some. The underlying technologies being available, some being the same as for mobile payments – just that it does not happen on a phone. I find this a piece much worth reading. Find the whole article here. 

Great Summary by ValueWalk: The Stripe Ecosystem In One Giant Visualization

valuewalkSometimes it is hard to get to a core of a phenomenon – and then it is good that someone spends some time thinking it through and putting it into simple terms. Now, ValueWalk has done just that with the Stripe-Phenomenon. I believe reading this is time well spent. You find the article here.

Bitcoin-Exchange fully licensed in Luxemburg

bitstampThis is something I knew was coming and now that it is there I am happy about it. I like the concept of alternative currencies but never felt quite comfortable with them being entirely outside the regulation – or beyond anyones control rather. This has filled the gap now. And I believe there is much more to come.

Forbes.com reports about Bitstamp to have obtained the license in Luxembourg which allows it to operate in 28 European countries.

Bitstamp Becomes First Nationally Licensed Bitcoin Exchange

Infographic: FinTech Outlook 2016

Call Levels has published an interesting outlook for FinTech in 2016 with the intriguing head-line „20 Amazing Facts You Need To Know About FinTech“. Its pretty high level – but very interesting nevertheless. Worth spending these 20 seconds for sure.

Fintech Industry Outlook 2016

@Credits: Call Levels

EU is getting serious with Payment Service Directive 2 (PSD2)

I am curious what will actually result from this. Will the EU be right and make it easier for new business models, allowing a better, cheaper, more consumer focussed payments market in Europe? Or will it create a large number of „skins“ on existing business models – fancy looking front-end based on the same old back-end the banks have relied on for so long? And when so many new players will have it easy to enter the market-space, will that make things better for the consumers? Or more irritating and confusing? I am not convinced that the PSD2 will actually make things better – or cheaper. Only different. It will force traditional players to re-think their business models. Also I am not sure that opening access to bank accounts (or transaction accounts of other form) to new players, basically allowing them to tap into expensive infrastructure and relationships built over long time and with large budgets, is a good idea necessarily. That much I have learned in my life: there is no such thing as „free“, there is a price. And its going to be paid somehow, by someone. I suspect it will be the consumer – as its always been – just maybe in a different way, through increased account fees for instance. Like interchange regulation in various markets have made the transactions cheaper (for the merchants), the goods no cheaper to buy (for the consumers) but the annual fees for card-holders much higher. Well, we shall see.

EU Parliament Press Release about PSD2