{"id":4590,"date":"2019-05-29T17:18:48","date_gmt":"2019-05-29T17:18:48","guid":{"rendered":"https:\/\/www.paymentfacilitator.com\/?p=4590"},"modified":"2021-06-15T21:18:31","modified_gmt":"2021-06-15T21:18:31","slug":"payment-facilitation-beyond-2020-what-does-the-future-look-like","status":"publish","type":"post","link":"https:\/\/infinicept.com\/payment-facilitator\/archive\/payment-facilitation-beyond-2020-what-does-the-future-look-like\/","title":{"rendered":"Payment Facilitation Beyond 2020: What Does the Future Look Like?"},"content":{"rendered":"\n<p>When contemplating the future of our global payments ecosystem and what it has in store for the payment facilitator model, international expansion seems to be top of mind.<\/p>\n\n\n\n<p>At PF WORLD 2019, a group of expert panelists moderated by independent consultant AJ Axelrod discussed their vision for the future and what the PF landscape has to expect beyond 2020.<\/p>\n\n\n\n<p>Things are starting to move internationally due to globalization and the feeling is that payments should offer a seamless experience wherever you go. But there are challenges when it comes to globalizing payments. What are the challenges with international expansion?<\/p>\n\n\n\n<p>According to WePay co-founder Rich Aberman, one of the biggest challenges is SaaS companies looking to expand internationally without possessing the capabilities necessary to successfully navigate the payments ecosystem and enable a frictionless experience.&nbsp;<\/p>\n\n\n\n<p>\u201cThis certainly creates an opportunity for payments companies that say \u2018hey, look, you\u2019re going to partner with us and as you expand globally, payments is not something you\u2019re going to have to figure out. You have one integration to us and we\u2019re going to allow you to sell payments as a core part of your application around the world.\u2019\u201d That\u2019s the vision, he says. \u201cThe reality is, we have a long way to go before that\u2019s true universally.\u201d<\/p>\n\n\n\n<iframe loading=\"lazy\" width=\"560\" height=\"315\" src=\"https:\/\/www.youtube.com\/embed\/am4OLvN1xFk\" frameborder=\"0\" allow=\"accelerometer; autoplay; encrypted-media; gyroscope; picture-in-picture\" allowfullscreen=\"\"><\/iframe>\n\n\n\n<p>And what about government regulation when it comes to business expansion and facilitating a global payments experience. As we have seen and reported on for some time now, government regulations are often synonymous with any kind of fintech forward momentum in the payments ecosystem. Is this something to be concerned about when it comes to international expansion?<\/p>\n\n\n\n<p>According to Infinicept CEO and founder Todd Ablowitz, not necessarily. \u201cOne of the things you\u2019ve got to remember is governments love their taxes. And what\u2019s a good way to increase the tax base? Get more people into the formal economy and out of the informal economy. So, a really good tax case can be made to bring these small businesses in,\u201d says Ablowitz.<\/p>\n\n\n\n<p>And finally, what about other financial services? Payments is only one piece of the equation when it comes to global expansion. How can these businesses stand to benefit from some of the other offerings?<\/p>\n\n\n\n<p>Aberman gives several relevant examples of platforms that are benefiting from expanding their offerings, including the Uber debit card, Uber auto loan products, Shopify Grow capital for small business and the like. These platforms, he says, \u201care doing a great job of bringing small businesses into the fold for payments acceptance.\u201d And payment acceptance \u201cis one financial service which very naturally lends itself as an on-ramp to other financial products.\u201d<\/p>\n\n\n\n<p>\u201cI think what we see is the software platforms we partner with, to get distribution for payment acceptance to these small businesses, are increasingly going to become the frontier for a broader range of financial services beyond just payment acceptance,\u201d he said.&nbsp;<\/p>\n\n\n\n<p>And panelist Anthony Hayes from Mastercard\u2019s Global Acceptance and Solutions group agreed. Speaking specifically about Mastercard\u2019s drive to empower companies beyond just payments, he says \u201cit isn\u2019t just a payment-centric approach. It can\u2019t be. And that\u2019s the value, I think, where you talk about PFs and ISVs\u2026 they come with solutions that are beyond payments.\u201d<\/p>\n\n\n\n<p>So, it looks like globalization is the trend and payments is just one piece of the pie for an ecosystem that just can\u2019t stop growing.&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>At PF WORLD 2019, a group of expert panelists moderated by independent consultant AJ Axelrod discussed their vision for the future and what the PF landscape has to expect beyond 2020.<\/p>\n","protected":false},"author":7,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"content-type":"","_FSMCFIC_featured_image_caption":"","_FSMCFIC_featured_image_nocaption":"","_FSMCFIC_featured_image_hide":"","footnotes":""},"categories":[1015],"tags":[203,348,404,502,688,876,877,973],"class_list":["post-4590","post","type-post","status-publish","format-standard","hentry","category-archive","tag-cross-border-commerce","tag-global-payments","tag-infinicept","tag-mastercard","tag-pfworld2019","tag-the-payment-facilitator-landscape","tag-the-payment-facilitator-model","tag-wepay"],"acf":[],"_links":{"self":[{"href":"https:\/\/infinicept.com\/payment-facilitator\/wp-json\/wp\/v2\/posts\/4590","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infinicept.com\/payment-facilitator\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infinicept.com\/payment-facilitator\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infinicept.com\/payment-facilitator\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/infinicept.com\/payment-facilitator\/wp-json\/wp\/v2\/comments?post=4590"}],"version-history":[{"count":1,"href":"https:\/\/infinicept.com\/payment-facilitator\/wp-json\/wp\/v2\/posts\/4590\/revisions"}],"predecessor-version":[{"id":7187,"href":"https:\/\/infinicept.com\/payment-facilitator\/wp-json\/wp\/v2\/posts\/4590\/revisions\/7187"}],"wp:attachment":[{"href":"https:\/\/infinicept.com\/payment-facilitator\/wp-json\/wp\/v2\/media?parent=4590"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infinicept.com\/payment-facilitator\/wp-json\/wp\/v2\/categories?post=4590"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infinicept.com\/payment-facilitator\/wp-json\/wp\/v2\/tags?post=4590"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}