PYMNTS.com – 3/5/13: Platform plays are going to make 2013 a very interesting year for payments.
Payments has always been about platforms, of course, given the sector’s two/multi-sided structure. But the big news that broke across the industry over these last two weeks is, I think the tip of the iceberg. If 2012 was the year of the “mobile wallet,” 2013 will be the year of the platform play.
One might say that Discover started the whole new trend in platform plays the end of last summer when it made its platform available to others (PayPal most famously) to ignite their own payments innovations such as PayPal, Google, and Facebook. Now platform plays are starting to seem as fashionable as neon colors are for the Spring 2013 fashion season. The two biggest newsmakers of the last ten days sort of put a punctuation mark on this payments industry phenomenon.
Click here to read more: http://www.pymnts.com/commentary/visa-chase-deal-personifies-payments-platform-trend

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Source: Paymentspulse