Mobile and Fintech dominate: WePay’s Week in Payments
This week’s interesting articles in the payment industry space basically fell into two camps, those about the rise of mobile payments and those about the rise of Fintech. Neither of these topics is a surprise but the rapidity of growth and adoption is still shocking some, particularly in the details about adoption in specific organizations or industries.
Mobile isn’t coming: It’s already here
PYMNTS.COM has a good piece about how mPOS is going global and becoming a phenomenon that’s precisely in line with the explosive growth of smartphones.
In the meantime, Bloomberg tells us that Square is very aggressively pushing Apple Pay to its customers to in turn increase mobile payments via mobile devices.
Newcomer to the invoicing space Due.com is doing a lot of basic payments education to potential customers including a piece about why brick and mortar stores need to take mobile payments.
At the same time it seems that one of the older industries out there, one you might not expect to jump aggressively into mobile payments, the airlines, is developing mobile payment strategies.
Fintech isn’t coming: It’s already here
Business Insider’s analysis arm has a report on the US approach to regulation of the Fintech space and how it is doing little to help and maybe actively harming growth in the space.
insideARM has a piece about how the payments industry in general is being disrupted by Fintech. It’s less about the industry as a whole and more about the specific changes coming soon that will make a difference in practice such as same day ACH and (again) the growth of mobile.
Buildertech reflects on the difference a thoughtful payments solution can make to a company poised to grow in the SaaS platform space in a piece for PYMNTS.COM.
Just to make it clear that this is a hot space with the financial world watching, the Wall Street Journal reports that Fintech companies are arguing for the retention of a single section of Dodd Frank in any legislative updates.