Between Google, Amazon, Facebook, & Apple (GAFA)...APPL & AMZN seem best suited (by far) to go upstream & own consumer banking.
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Yeah, it's the closed-loop / private label payments and merchant lending that could get really interesting over time.
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Not just Amazon, but also Alibaba and http://JD.com in China and others who have enough data to bring supply chain finance to mkt
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Agree... but knowing the GPS/EPS groups for 10 yrs AMZN tends to view payments as a supporting service to Commerce not stand alone.
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In Paris this week
@prgauthier presented "commerce identity" not "payment identity". Once you know who people are, payments are easy - 1 more reply
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Apple is a close 2nd. We will live in very interesting times for payments. Disruptive forces unthought of.
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True, think of consumer banks as "Amazon sellers" and a new paradigm emerges.
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So do Apple via their permissioned 'coloured token' platform,
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