Most of these big companies are moving in this direction, Google with Google Pay, Facebook with Facebook Pay/Diem
Makes sense when you have the users, once they have a seamless payment system they can all have a one click setup like Amazon.
Facebook have the network effect through Facebook, Instagram and WhatsApp - When they get their system setup right they'll have the potential to have something similar to WeChat in China which you can use to order everything. Groceries, train tickets, hotels.
China are years ahead of the West in that regard
A friend of mine lives in Wuhan, he was telling me that when the lockdowns happened in Wuhan, no one was allowed out of their apartment buildings and communities created a group on WeChat and ordered food in bulk for the entire apartment block and it was delivered to the front of their apartment gates.
|