Fintech Insider Podcast by 11:FS cover image

675. Insights: Is the USA world-beating when it comes to payments?

Fintech Insider Podcast by 11:FS

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Is the Cost of Moving Money Going to Zero?

I was at an event with Jamie Diamond not too long ago. He mentioned this morning against someone on the payments team at JP Morgan was talking that they moved $10 trillion a day. Why? Because it's expensive to move money. And so I think that's where there's still a lot of friction. The FinTechs need to learn how to monetize. They need to learning how to make a sustainable business of their own.

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