Mobile payments explosion
Global mobile payments are making an impact
Earlier this year, I was walking around the exhibition halls of Money 20/20 Europe in Amsterdam. I noticed one clear growth area in payments - what can be called global connectors. These are companies such as dLocal and PayU.
The technology that global connectors offer is a straightforward way to connect to hundreds of payment methods.
Why does this matter? Offering Visa, Mastercard, and American Express as payment options can be enough in parts of Europe and the US. However, outside of these areas, more comprehensive payment options are needed to service customers and grow.
Most payment systems outside of the mainstream card networks are mobile-based. In most cases, to pay, they require a QR code to be scanned. They can sit in an e-wallet app or integrate directly into a banking app. (If you’re unfamiliar with QR codes, this guide is worth a read.)
The emergence of affordable smartphones from companies like Xiaomi, Oppo, and Vivo has been a …
