Twitter co-founder Jack Dorsey’s technology company Square, which enables e-payments anywhere, has raised US$100m in Series C funding, valuing the company at more than US$1bn.
The marketplace for mobile device payments is beginning to open up and last week Google chairman Eric Schmidt said the market could be worth US$1trn within a few years as various platforms, including near field communications (NFC) and iOS-styled browser payments, make it easier and simpler for people to buy goods and services electronically.
Epay is urging business’ to demand more from prepaid to drive the industry in broader directions. Speaking at Prepaid 2011 epay MD Paul Bartholomew-Keen predicted a future in which consumers will demand more convenient ways to pay, with the most innovative businesses adapting to steal competitive advantage.
Global prepaid markets have become an increasingly hot topic especially over the past two years. As the U.S. market matures and becomes crowded, both large incumbent and small emerging players are seeking additional opportunities to maintain sustainable growth over a longer term (or for ways to expand their customer base). At the same time, prepaid cards are growing quickly overseas. This growth includes many large emerging markets where consumers and merchants have traditionally been slow to accept electronic payments. The prepaid industries in those markets are hungry for input including capital, technologies, lessons, and expertise from more advanced markets.
epay has urged businesses to demand more from prepaid, driving the industry so that it solves problems across a broad range of sectors.
Speaking at Prepaid 2011 Conference and Expo in London, epay MD Paul Bartholomew-Keen predicted a future in which consumers will demand more convenient ways to pay, with the most innovative businesses adapting to steal competitive advantage.