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April 1, 2021Pandemic accelerates mobile payments in New Zealand
Focus Report, ReportsPayments has emerged as a key area of digital disruption. The shift from physical to electronic payments has seen an ever-expanding range of payment methods replacing cash. From mobile banking and contactless cards to phone payments and bespoke apps, the payment landscape is undergoing a quiet revolution. The emergence of e-commerce and proximity payment and the increasing adoption of smartphones and high-speed mobile data network have further boosted the adoption of mobile payment. Smartphone technology has lowered barriers to entry and enabled new entrants to take on traditional financial services firms by unbundling payments from account-holding and lending, and by offering more targeted products and customer experiences. Incumbent payments providers, principally banks, have responded by launching their own online payment services. -
March 25, 2021Venture Insights Consumer Survey: COVID-19 boosting mobile payme [...]
Focus Report, ReportsPayment services have been subjected to significant disruption in recent years. New entrants have exploited the prevalence of smartphones to offer their own app-based payment services. Smartphone technology has lowered barriers to entry and enabled new entrants to take on traditional financial services firms by unbundling payments from account-holding and lending, and by offering more targeted products and customer experiences. Incumbent payments providers, principally banks, have responded by launching their own online payment services. -
June 21, 2017Mary Meeker Internet Trends 2017
ReportsMary Meeker discusses the key internet trends for 2017. The continued rise of digital advertising, as well as growth within eSports, and eCommerce all feature heavily -
September 30, 2016Tug of War: Apple Pay versus The Big Australian Banks
ReportsApple Pay launched in Australia in November 2015 and is seeking to capture a slice of the banksâ interchange fee, worth an estimated $2.5b annually. With the exception of ANZ who adopted Apple Pay, this has not gone down well with other banks. We discuss the ongoing dispute between Apple and the large Australian banks, the repercussions of this for the market as a whole, including the consumer impact, and the expected outcome.
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August 6, 2015
Disruption In â Banking on disruption
Focus Report, ReportsBanks act as the intermediary between borrowers and lenders. Digital disruption is the enabling platform that connects borrowers and lenders while circumventing banks. Where banks once relied on scale (including brick and mortar infrastructure), asymmetric information barriers, regulatory barriers and vertical integration â technology is unbundling the value chain. This report is part of our âDisruption Inâ series and uses our proprietary Disruption Framework to analyse the potential for disruption in the financial services industry.
