Tuesday , October 22 2019
Home / FT Alphaville / A radical plan to slash cross-border payment costs… with subscription fees

A radical plan to slash cross-border payment costs… with subscription fees

Summary:
We live in a world in which we’re constantly being told that payments should be “frictionless” and free, and should move around the world as seamlessly as information moves around on the internet. So it comes as something of a surprise when, in 2019, you’re sent a press release about a company that actually wants to do the opposite of making cross-border payments frictionless and free, and instead wants to charge a monthly subscription fee for the privilege of being able to partake in them. In other words, a company that wants to make payments sticky.Introducing Sokin, a “global cross-border payments firm” that wants to disrupt the 9bn global remittances market when it launches in early 2020. But Sokin also plans to charge users £9.99 a month (or a roughly equivalent rate in other

Topics:
FT Alphaville considers the following as important:

This could be interesting, too:

Paul Krugman writes Can Warren Escape the Medicare Trap?

FT Alphaville writes WeGiveIn: SoftBank to the rescue

Tyler Cowen writes Academic vita fraud?

Menzie Chinn writes Presentation: “The Economic Consequences of Trump’s War on Multilateralism”

We live in a world in which we’re constantly being told that payments should be “frictionless”...

FT Alphaville
FT Alphaville is a free daily news and commentary service giving finance professionals the information they need, when they need it. In a world where market professionals are inundated with information there is a pressing need to edit and filter, and hopefully sow a few ideas along the way. That’s where the FT Alphaville team comes in.

Leave a Reply

Your email address will not be published. Required fields are marked *