Klarna gets banking license, Apple Pay launches “lose your wallet” campaign, Amazon and the art of the grocery war.

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June 19, 2017

In Their Own Words Series

NetPlus And Winning The Battle Against Cash In The Developing World
 

Wanting to build a cashless society is one thing, actually getting millions of customers to switch from cash to electronic payment methods is much harder work. And Wole Faroun is something of an expert — as the CEO of NetPlus he has been on the forefront of such a switch in Nigeria for the last 8 years. Now working with Mastercard as part of its StartPath acceleration, NetPlus is looking to perfect its offerings at home — and planning for a time when they might just go abroad.

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PYMNTS Topic TBD

Time, Really, For Real Time Payments?
 

Real time payments, as a concept, has been around for a while. What will it take to make the concept a reality? In our latest Topic TBD, Cheryl Gurz, global head of payments offering and product strategy at CGI, weighs in on the long and winding road to speed and surety in getting money from here to there.
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Regulatory Tracker

Treasury Pushback On Financial Regulation?
 

Dodd-Frank era reforms may get further pushback in the wake of a new Treasury report, even as the CFPB, in that report’s cross-hairs, keeps on chuggin’ when it comes to prepaid card regulation. Technology may be elementary to tracking those regulations, Watson.

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Grocery Store Disruption

The Art Of The (Grocery) War
 

The grocery world stopped spinning for a minute last Friday when Amazon announced its acquisition of Whole Foods. Karen Webster says that this was a carefully-calculated move on the part of Amazon to knock the classic grocery store competition on its heels — but to do much more than that. Like capture more of what consumers spend to eat in their homes and outside of them. Which means that the impact will be felt well beyond those grocery stores’ four walls.

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