Fintech Insider Podcast by 11:FS

948. Insights: Brick by brick - Building a payments ecosystem from the ground up | Live from J.P. Morgan Payments

7 snips
Mar 27, 2025
Guest
Irina Chuchkina
Guest
David Messenger
Guest
Adit Gadgil
Adit Gadgil, Global Head of Sales at JPMorgan Payments, David Messenger, CEO of Ping Pong Payments, and Irina Chuchkina, CMO at Vault.io, explore building a payments ecosystem from the ground up. They dive into the balance between technology and regulation, debating the future of stablecoins and their potential to transform payments. Cybersecurity risks and the need for streamlined regulation are key topics. The guests encourage innovative thinking while sharing examples from around the globe, with a pinch of humor on tech versus regulation.
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ANECDOTE

Cash Resilience

  • Cash usage is still prevalent, with over half of the US population using it weekly.
  • During Hurricane Maria in Puerto Rico, the economy reverted to cash due to infrastructure outages.
INSIGHT

Card Model Tensions

  • Card payment models have embedded economic tensions, especially regarding interchange fees and consumer rewards.
  • Merchants bear the costs, while consumers benefit, leading to higher prices.
ADVICE

Cards as Form Factor

  • View cards as a form factor, not a necessity, with mobile phones as the primary interface.
  • Focus on account-on-file functionality within mobile phones, sometimes linked to credit.
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