Here's What The Cofounder Of $3.5 Billion Payments Startup Stripe Predicts For Next Year
Advertisement
Getty Images/Brian AchIf anyone knows what will happen to mobile payments next year, it's John Collison.
Advertisement
Collison is a cofounder of Stripe, which provides an easy way for web sites and mobile apps to take payments using almost any imaginable payment system, from credit cards to Apple Pay.
It's one of the hottest startups in San Francisco, worth more than $3.5 billion.
Complimentary Tech Event
Transform talent with learning that works
Capability development is critical for businesses who want to push the envelope of innovation.Discover how business leaders are strategizing around building talent capabilities and empowering employee transformation.Know More
On Wednesday, Collison gave some predictions for what will happen to mobile payments in 2015:
- Mobile commerce will explode as companies offer cheaper products. Now that your credit and debit card numbers are already in your phone, companies will start offering less expensive products that you wouldn't have bothered typing in your information to buy otherwise.
- Merchants will come to you. Collison writes that forcing people to visit a company's website to buy something is like making them visit its corporate headquarters to make a purchase. Companies will go where the consumers are - in apps.
- Trends like Black Friday will go worldwide. Payments will expand to reach more international consumers.
- Social media sites will become online markets. Facebook is already testing a "buy" button to market products directly to its users.
Advertisement
Advertisement
- I spent $2,000 for 7 nights in a 179-square-foot room on one of the world's largest cruise ships. Take a look inside my cabin.
- Colon cancer rates are rising in young people. If you have two symptoms you should get a colonoscopy, a GI oncologist says.
- Saudi Arabia wants China to help fund its struggling $500 billion Neom megaproject. Investors may not be too excited.
- Catan adds climate change to the latest edition of the world-famous board game
- Tired of blatant misinformation in the media? This video game can help you and your family fight fake news!
- Tired of blatant misinformation in the media? This video game can help you and your family fight fake news!
- JNK India IPO allotment – How to check allotment, GMP, listing date and more
- Indian Army unveils selfie point at Hombotingla Pass ahead of 25th anniversary of Kargil Vijay Diwas