How Platforms & APIs are changing the way 3 billion people bank
summary
Platforms turn payments into the backbone of banking for about 3 billion users by layering services on top of mobile wallets and APIs. China examples: almost 800M users on super‑apps, QR‑code point‑of‑sale that avoids NFC cost, merchant fees around 60bps, and 47 billion USD lost to digital payments (2018) from card rails. Data from transactions drives alternative credit scoring and situational finance — e.g. merchants gain $15,000 credit lines based on daily app transactions.
AI-written summary · about
chapters (4)
related talks
23mAboard the Beagle: New species in the banking ecosystems
26mHow API Technology is Revolutionizing Financial Services
30mOpen Banking: Global State-of-the-Union
21mThe future of financial institutions
19mAlliances & competing in the new era of open platform banking
26mMastering API Platforms for Enhanced Payment Integration
19mChalk Talk: APIs & Today's Digital Revolution
25mBanking Redefined - Decoding the API era for Indian banks