Can a Computerized Credit Card Disrupt the Payment Industry?
This article was first published on 10 December 2012.
This is another interesting story of a start-up taking advantage of technological advances to disrupt the established players within an industry. The key takeaway in my view is the way in which versatile technological platforms have the potential to radically change the rules of the game and force a complete rethink of the conventional wisdoms in an industry. The final point I would make is that this is yet another example of a major innovation being driven by a newcomer to an industry rather than by industry incumbents.