Community

Open Banking in EU / UK was launched in 2017. Five years later, if it still seems new, it's because it hasn't exactly set the markets on fire?

OTOH, Open Finance in USA, which has been around for a shorter duration, is a blockbuster hit - even without any regulatory mandate for its implementation. 

Open Banking: EU v. USA

Market Cap became a thing for Fiat Stocks in the early 1990s. Given its gesturing of disrupting TradFi, it's very lame for Crypto / DeFi to use the same metric as a measure of its size 30 years later. Despite all its vaunted talent, why couldn't Crypto conjure up something like Community EBIDTA that a startup called WeWork in the very old world real estate industry did:)

Nope, sorry but it's still unreadable - the text is bleeding very badly:(.

I've noticed this problem when the canvas size is too high. I solve it by using a graphic manipulation tool like IrfanView to reduce the resolution of the image before publishing it online.

Can't read the white text inside the pink boxes. Can you repost the image with, maybe, black text that'd make it easier to read? Thanks in advance. 

Uh oh!

It's a well known fact that Merchants treat every additional Method of Payment as a source of sales uplift and therefore do not shape the success or failure of any MOP. It's consumers who do that.

It's my enduring belief that A2A MOPs have failed to go mainstream in markets where credit card has been well entrenched because they have uniformly failed to answer the basic question of "What's in it for us?" for Payers / Consumers.

I don't recall the last time anyone else bringing this up as the key challenge for mainstream adoption of A2A MOPs. Kudos for a balanced post. 

Oops I meant to post the above comment below another post. Sorry about that. 

@Finextra: Please delete my comment if possible.

Awesome post! 

I've known for a long time that Acquirer Risk is a big deal and limits the number of Merchants to whom Acquirer Banks issue Merchant Accounts, ergo the sweetspot leveraged by PayPal and Square / Block for online and instore credit card payments.

But, until I read your post, I've never really understood why.

Awesome post! 

I've known for a long time that Acquirer Risk is a big deal and limits the number of Merchants to whom Acquirer Banks issue Merchant Accounts, ergo the sweetspot leveraged by PayPal and Square / Block for online and instore credit card payments.

But, until I read your post, I've never really understood why.

With 13M customers and $100B deposits, Marcus is one of the most successful neobanks ever. However, being a division of a bank, it needs to operate according to the traditional PLBS business model, and therefore cannot make losses for too long. This is unlike fintechs, which are VC backed, and are under no pressure to make profits in the short, medium or (lately) even long term.

Exhibit A for BNPL Ain't Killing Banks. It's Making Them Rich.