The second episode of the new MEDICI Studio series, "FinTech Is Hard! What It Takes to Make It," features an exclusive interview with Rodger Desai, Founder & CEO at Prove. With an incisive no-nonsense discussion on leadership & business strategy, we explore the factors driving Prove's growth, and the key to success in the FinTech industry. |
Traditional payment methods such as cash, bank transfers, checks, and credit cards have one other major flaw apart from being expensive; the completion of payment signals the end of the transaction or the business relationship as the case may be. There is no deeper engagement between the seller or service provider and the purchaser or the consumer after the product has been delivered (or service rendered) and paid for.
Moreover, these kinds of payment methods are more suitable for those who have immediate cash in hand or available balance in their bank account and with a known and predictable cash flow like employment income. Seeing as we are now in the era of the gig economy full of zero-hour contracts, self-employment, and startups, there has been a need for innovation to cater to these unique circumstances leading to solutions like ‘Request to Pay’ (RtP). |
