6. ● Chase Quickpay, Well Fargo Mobile Banking, and American Express Serve is built
on the ClearXChange platform.
● Some useful links:
https://www.paypal.com/webapps/mpp/about
http://www.statista.com/statistics/277819/paypalsannualmobilepaymentvolume/
http://peertopeerpayments.credio.com/
● There are hyperlinks within data grid of the Google SpreadSheet
Now, write a rationale to accompany your competitive framework.
Your rationale should briefly address:
1. Whether you have classified your chosen fintech venture’s competitive
strategy as closerin or furtherout, and how this has influenced your choice of
a visual framework and the questions that follow;
● Closerin should be addressed in the writeup based on the competitive analysis
grid
● 2x2 Matrix (x=Growth, y= Market Share, size = transaction volume)
2. What market or market segment your chosen fintech venture operates in;
● P2P mobile payments (US) Title from the visual .
3. Where your chosen fintech venture stands in relation to its nearest
competitors; and
● PayPal, Google Wallet, Square Cash P2P services. Apply Pay and other C2Bs are
competitors in another sector. Where Venmo stands can be taken from the
Competitive Analysis grid
4. How it will establish or maintain its competitive advantage.
○ This should be addressed in the write up.. With reference to the 3.4 The
innovativeness scale tool
○ These criteria are outlined as follows:
1. Complexity: This refers to how many components in a business model
are innovated. A simple innovation would entail a change in one component
with the level of complexity increasing as more components are changed.
2. Radicality: Is your innovation a drastic departure from the company’s
current processes and offerings, or does it concern minor changes, extensions,
or improvements? Every component in a business model can be innovated
radically or incrementally. Rate whether your proposed innovations in the
relevant components are of high, medium, or low radicality.
3. Reach: How new is your innovation? Is it new to the company, the
market, the industry, or the world?