The Changing Face of Payments
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Fueled by the exponential growth of the P2P Economy, the mobile payments industry is evolving more rapidly than ever before.
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The Changing Face of Payments
- 1. ©WIGROUP 2015 September 2015 The changing face of payments
- 2. ©WIGROUP 2015 Payments are a commodity
- 3. ©WIGROUP 2015 Payments are a commodity Don’t start with what we have and force customers to do something
- 4. ©WIGROUP 2015 Payments are a commodity Don’t start with what we have and force customers to do something The future of payments is to focus on what customers actually want and to leverage what we have...
- 5. ©WIGROUP 2015 The best payment is when you don’t realize it’s happening.
- 6. ©WIGROUP 2015 Where do you play? • Mobile payments • Biometrics • Wearables • New forms of value Here?
- 7. ©WIGROUP 2015 Where do you play? • Mobile payments • Biometrics • Wearables • New forms of value • Removing friction Here?
- 8. ©WIGROUP 2015 Where do you play? • Mobile payments • Biometrics • Wearables • New forms of value • Removing friction • Driving incremental growth Here?
- 9. ©WIGROUP 2015 Where do you play? • Customer lead solutions and products • Cloud based and platform • Leverage of existing assets and capacity Here?
- 10. ©WIGROUP 2015 Where do you play? • Customer lead solutions and products • Cloud based and platform • Leverage of existing assets and capacity • Transformative Here?
- 11. ©WIGROUP 2015 The world is changing TO REACH 50 MILLION PEOPLE
- 12. ©WIGROUP 2015 The world is changing TO REACH 50 MILLION PEOPLE IT TOOK 38 YEARS RADIO 1985
- 13. ©WIGROUP 2015 The world is changing TO REACH 50 MILLION PEOPLE IT TOOK 38 YEARS RADIO THE PHONE 20 YEARS 1985
- 14. ©WIGROUP 2015 The world is changing TO REACH 50 MILLION PEOPLE IT TOOK 38 YEARS RADIO THE PHONE TELEVISION 20 YEARS 13 YEARS 1985
- 15. ©WIGROUP 2015 The world is changing TO REACH 50 MILLION PEOPLE IT TOOK 38 YEARS RADIO THE PHONE TELEVISION FACEBOOK 20 YEARS 13 YEARS 3.6 YEARS 1985 2004
- 16. ©WIGROUP 2015 The world is changing TO REACH 50 MILLION PEOPLE IT TOOK 38 YEARS RADIO THE PHONE TELEVISION FACEBOOK GOOGLE 20 YEARS 13 YEARS 3.6 YEARS 88 DAYS 1895 2004
- 18. ©WIGROUP 2015 Peer to peer payments
- 19. ©WIGROUP 2015 Peer to peer payments Traditional bank thinking = Add beneficiary payments
- 20. ©WIGROUP 2015 Peer to peer payments Traditional bank thinking = Add beneficiary payments Venmo thinking = Enable people to pay each other the same way they connect with each other socially
- 21. ©WIGROUP 2015 Peer to peer payments - The numbersMILLIONSOFDOLLARS $59 Q4 2012 $81 Q1 2013 $105 Q2 2013 $141 Q3 2013 $194 Q42013 $314 Q1 2014
- 22. ©WIGROUP 2015 On-demand grocery delivery PAYMENTS STORES DELIVERY
- 23. ©WIGROUP 2015 On-demand grocery delivery PAYMENTS STORES DELIVERY Retail thinking = • build more stores • can i get to a $2bn valuation in 25 years
- 24. ©WIGROUP 2015 On-demand grocery delivery PAYMENTS STORES DELIVERY Retail thinking = • build more stores • can i get to a $2bn valuation in 25 years Instacart thinking = • how can i plug in more stores • $2 bn valuation in 2.5 years
- 25. ©WIGROUP 2015 Instacart - The numbers Valued at over $2billion within 2.5 years of launching
- 26. ©WIGROUP 2015 Instacart - The numbers $1 MILLION Valued at over $2billion within 2.5 years of launching 2012 SALES
- 27. ©WIGROUP 2015 $1 MILLION $10 MILLION Valued at over $2billion within 2.5 years of launching 2012 SALES 2013 SALES Instacart - The numbers
- 28. ©WIGROUP 2015 $1 MILLION $10 MILLION $100 MILLION Valued at over $2billion within 2.5 years of launching 2012 SALES 2013 SALES 2014 SALES Instacart - The numbers
- 29. ©WIGROUP 2015 Peer to peer property rentals PAYMENTS
- 30. ©WIGROUP 2015 Peer to peer property rentals PAYMENTS Rental agency thinking = • how can I get more stock / rent out more stock
- 31. ©WIGROUP 2015 Peer to peer property rentals PAYMENTS Rental agency thinking = • how can I get more stock / rent out more stock Airbnb thinking = • let’s build a platform to connect stock to demand
- 32. ©WIGROUP 2015 Airbnb - The numbers Barclays estimates 37 million nights booked per year
- 33. ©WIGROUP 2015 $24 BILLION Barclays estimates 37 million nights booked per year IN 7 YEARS VALUED AT Airbnb - The numbers
- 34. ©WIGROUP 2015 $24 BILLION 300K ROOMS Barclays estimates 37 million nights booked per year IN 7 YEARS VALUED AT 2014 JANUARY Airbnb - The numbers
- 35. ©WIGROUP 2015 $24 BILLION 300K ROOMS 1M ROOMS Barclays estimates 37 million nights booked per year IN 7 YEARS VALUED AT 2014 JANUARY 2014 DECEMBER Airbnb - The numbers
- 36. ©WIGROUP 2015 Peer to peer transport PAYMENTS
- 37. ©WIGROUP 2015 Peer to peer transport PAYMENTS Traditional taxi thinking = • get more taxis • buy more cars
- 38. ©WIGROUP 2015 Peer to peer transport PAYMENTS Traditional taxi thinking = • get more taxis • buy more cars Uber thinking = • let’s connect existing cars and customers via a platform
- 39. ©WIGROUP 2015 Uber - The numbers 58 COUNTRIES 311 CITIES 1M DRIVERS WORLDWIDE 100K PER DAY IN CHINA ALONE Uber launched in 2009 UBER IS IN UBER HAS UBER RIDES 6 YEARS LATER
- 40. ©WIGROUP 2015 The wiGroup story
- 41. ©WIGROUP 2015 The beginning Interoperable platform connecting retailers to apps
- 42. ©WIGROUP 2015 wiCode Retailers 100’s of apps
- 43. ©WIGROUP 2015 wiCode Retailers wiCode 100’s of apps
- 44. ©WIGROUP 2015 Transformation Focused on building customer focused solutions for retail
- 46. ©WIGROUP 2015 Our numbers 4.2billion IN TRANSACTION VALUE PROCESSED THROUGH THE WICODE PLATFORM 55 000 POINT OF SALE LANES & OVER 18 POINT OF SALE SYSTEMS R SINCE 2012 WE’RE INTEGRATED TO MORE THAN &
- 47. ©WIGROUP 2015 Summary Payment improvements drive incremental volume, customer solutions drive transformative volume...
- 49. info@wigroup.co.za +27 21 448 9974 www.wigroupinternational.com 4th Floor Terraces Building, Black River Park South, Fir Street, Observatory, Cape Town Email Office Web Address ©WIGROUP 2015