Last week Bloomberg reported on Project Breakout: Apple’s effort to bring financial services in house. So what is it? Here is my 60% confidence bet.
Continue reading “Apple – Project Breakout”Tag: BNPL
Interchange is going toward 0.. So what?
The impact of interchange going toward 0 should be negligible for V/MA, perhaps even a positive as it provides opportunity for networks to expand their services
There are only 3 major markets where credit card interchange is not regulated: US, Japan and Russia. In these markets, Issuers use interchange (US 130bps-270bps) to power consumer reward programs (see Tilting Networks Toward Merchants – 2015) and card marketing. The ROW has credit interchange regulated to ~30bps and debit 20-30bps, and the reward programs are much different (Barclays UK below). But regulating payment interchange HAS NOT resulted in volume loss for V/MA, to the GREAT frustration regulators.. this is a key point (more later).
How will BNPL Evolve?
How with the market react? Will cards become unbundled? Will issuers compete? What will change and who will win? What will BNPL look like in 2025?
Short Blog – BNPL Recap
BNPL specialists have found a way to help merchants serve consumers that were unserved, achieve sales growth and improve consumer experience.
101 Blog… probably not for the BNPL experts. Recap at bottom.
While CDBC may impact debit networks in a 5 yr view, I thought I would write a short blog on BNPL’s impact to credit networks in near term (See Insider’s BNPL market Analysis and MRC’s overview of solution providers)
Continue reading “Short Blog – BNPL Recap”