The digital transformation of payments has reached its next phase with banks and fintechs leading the way. Avoiding the one-size-fits-all approach to deliver the experience customers want is key.
Payrailz created its own bill payment technology and a peer-to-peer product for smaller banks wary of Zelle, but Jack Henry can scale it faster by absorbing the Connecticut-based fintech.
Pay Monthly loans will have payment plans of up to 24 months, enabling consumers to make larger purchases and repay over a longer period of time than the standard four months.
In today’s high-tech world, it’s difficult for entrepreneurs to create a sweeping new platform when there is always a specialist somewhere who can deliver niche products faster, better and cheaper than the generalist. That’s what makes Southeast Asia’s Grab so unique.