How do/should they monetize?
P2P wallets are one of the few true network effects businesses in Fintech, and they can pay off really really well. US-based VC’s tend to not take them seriously bc Venmo was not a successful vc bet and Cash app was built within $sq. Lots of opportunity in other markets still.https://twitter.com/turnernovak/status/1222365211417632773 …
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Some ideas (and the first time I’ve had to use the notes app because I wanted to type so much!)pic.twitter.com/RlXiRUg946
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Wallets (in most markets; assume same in US) are obliged to “hold” entire balance and can’t charge interest. Hence, no NIM. Equating to bank accounts (as per OP) is a _major_ stretch
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The OP equates them to neobanks, none of which make NIM.
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Easy to get how Visa, MC, CUP, UPI et al have n/w effect. But, TBH, I don't see how E-Wallets do - I can use PhonePe to send money to someone who has Google Pay. (If you're referring to closed loop e-wallets, that's a different story but I doubt if they'll be around for long.)
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Why do you doubt closed loop wallets will be around? Other than in India due to UPI, I think they will. Venmo, Cash app, PayPal in the US; Alipay/Wechatpay in China
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P2P wallets can only exist in markets where there is no real time payment infrastructure. For e.g in India wallets are dead due to UPI but works Super well in Indonesia where Payments are broken
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The line between consumer and SMBs are getting blurred, p2p wallets can soon be including SMB owners and merchants. I’m looking for interesting applications built on top of this thesis
Hvala. Twitter će to iskoristiti za poboljšanje vaše vremenske crte. PoništiPoništi
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Other markets
Hvala. Twitter će to iskoristiti za poboljšanje vaše vremenske crte. PoništiPoništi
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I guess it’s now time for me to pitch
@eversendapp to you.Hvala. Twitter će to iskoristiti za poboljšanje vaše vremenske crte. PoništiPoništi
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