This chapter explores the success of Alibaba's Alipay and PayPal's struggles in the mobile payments industry. It discusses the challenges of commoditization, the concept of becoming a super app, and speculates on PayPal's new CEO's strategic approach.
Not everyone has a bank in the developing world, but mobile phones are everywhere.
Mary Long and Asit Sharma discuss:
- The evolution of payments in India
- Micropayments versus credit cards
- How MercadoLibre is gaining traction with cross-border payments in Latin America
- The move for payments companies to become a superapp
Companies mentioned: GOOG, GOOGL, PG, PAYTM, TOST, PYPL, MELI, DLO, BABA
Host: Mary Long Guest: Asit Sharma Producer: Ricky Mulvey Engineer: Rick Engdahl
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