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Venmo is the killer app for payments

Venmo is the killer app for payments | Disruptive Finance and Fintech | Scoop.it
Will the growth of PayPal's Venmo encourage other banks and credit unions to use social engagement in digital peer-to-peer payments?
Huy Nguyen Trieu's insight:

Loved this article about Venmo. I already wrote a few times about them, but I really find them fascinating. I am usually skeptical about mobile payment solutions when they try to bring a solution to a problem that doesn't exist, but Venmo is very different. In the old world, most people would be quite private about their finances, and would not naturally share info about what they spend, how they pay, etc. Venmo shows that it's not the case anymore, on the contrary - the act of paying can be an integral part of your social life, and can be broadcasted in the same way as your Facebook updates. 

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GoDay Canada's curator insight, November 4, 2014 5:07 PM

Need to pay your friend back for the fiver you borrowed last week? Or how about sending money to your fiance for some wedding expenses? Then check out Venmo.

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Atom Bank seeking to raise £20m - 6 times less than Metro Bank 4 years ago

Atom Bank seeking to raise £20m - 6 times less than Metro Bank 4 years ago | Disruptive Finance and Fintech | Scoop.it
British digital banking startup Atom Bank is bidding to raise £20 million from private investors ahead of a planned launch next year, Sky News is reporting.
Huy Nguyen Trieu's insight:

Metro Bank launched in 2010 with around £130m in seed capital, it's interesting to see Anthony Thompson (who used to be Metro Bank's chairman) launching Atom with £20m in seed. Main difference with Metro is that it's digital only (branches cost around £2m each), but it still shows that the cost to launch a challenger banks has decreased significantly during the last few years.

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