4min snip

ACQ2 by Acquired cover image

Visa Follow-Up and Today’s Payments Ecosystem (with Gaurav Ahuja)

ACQ2 by Acquired

NOTE

Exploring the Potential of Apple Creating its Own Payment Network

Apple could potentially collaborate with payment processors to add its network to the core processors. This could allow high schoolers to use Apple Cash as their peer-to-peer wallet and could become a natural next step for others. There is a possibility for Apple to run its own network parallel to Visa, which might lead to Visa incentivizing merchants to stick with their network. Additionally, the abstraction layer above all cards when paying with the phone makes it easier for users to optimize rewards. Some startups are already offering to reroute transactions to the best card for the user.

00:00

Get the Snipd
podcast app

Unlock the knowledge in podcasts with the podcast player of the future.
App store bannerPlay store banner

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode

Save any
moment

Hear something you like? Tap your headphones to save it with AI-generated key takeaways

Share
& Export

Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode