Chapter
The Future of Payment Strategies for Digital Financial Services
1:11:55 - 1:19:30 (07:35)
The consolidation of categories by digital financial services providers will change the unit economics and offer a consolidated stack of services, with the focus on getting high retention products to be cheap and free, which will benefit both consumers and businesses.
Clips
Square's new incremental solution, Afterpay, offers instant credit checks and credit offers to allow consumers to instantly buy merchandise that they cannot pay for immediately, resulting in a solidified lending influence and an increase in sales for merchants.
1:11:55 - 1:14:05 (02:10)
Summary
Square's new incremental solution, Afterpay, offers instant credit checks and credit offers to allow consumers to instantly buy merchandise that they cannot pay for immediately, resulting in a solidified lending influence and an increase in sales for merchants.
ChapterThe Future of Payment Strategies for Digital Financial Services
EpisodeE43: Innovative venture strategies, Zymergen's implosion, Square acquires Afterpay, future of fintech & more
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
Financial services providers in the digital world are consolidating categories and offering high retention products for cheaper prices, putting pressure on old school offline companies to do the same.
1:14:05 - 1:19:30 (05:25)
Summary
Financial services providers in the digital world are consolidating categories and offering high retention products for cheaper prices, putting pressure on old school offline companies to do the same. This could lead to big businesses creating their own payment strategies to save money.