Collaborative Finance

Payment services partner with other brands and retailers for consumer allure

Implications - Seeking to reach consumers in a more accessible way, typically mundane services such as finance and banking are collaborating with unexpected partners to expand consumer usage. Partnering with different tech merchants and online services, these finance companies are not only seeking to heighten efficiency, but also adapt routine procedures into more attainable, experiential activities. The emergence of payment and banking services via alternative platforms reflects a need for constant reinvention, particularly among tasks known for being a burden.
SCORE: 5.1
Mild Top 4 Examples: 6,212 Total Clicks Mar 15 - Jun 15
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Consumer Insight Topics: TechBusiness
Wearable Payment Bands - An Alibaba and Xiaomi Partnership Challenges Conventional Retail Payments
SCORE: 6.4
Warm 2,806 Clicks Pub: Apr 7, 15
Wearable Payment Bands
An Alibaba and Xiaomi Partnership Challenges Conventional Retail Payments
With Apple Pay changing the way retail payments are made, two giant brands are coming together in order to provide head-on competition. The partnership will have Xiaomi provide the physical Mi Band... [More]
Face Recognition Payment Tools - Alibaba's 'Smile To Pay' Lets You Pay Via Face Scan
SCORE: 6
Warm 1,941 Clicks Pub: Mar 16, 15
Face Recognition Payment Tools
Alibaba's 'Smile To Pay' Lets You Pay Via Face Scan
Smile To Pay is an innovative new payment service, being tested by Chinese e-commerce giant Alibaba, that uses facial recognition technology to verify payers’ identities. Currently in beta... [More]
Banking Fitness Bracelets - Alibaba's Alipay Wallet App Links to Xiaomi's Mi Band for Easy Payments
SCORE: 4.2
Mild 681 Clicks Pub: Apr 16, 15
Banking Fitness Bracelets
Alibaba's Alipay Wallet App Links to Xiaomi's Mi Band for Easy Payments
Alibaba’s digital Alipay Wallet will soon be more than a mobile app. The company has partnered up with Xiaomi in order for it to sync with the latter’s Mi Band smart fitness bracelet.... [More]
Mobile Payment Beacons - South Africa's SnapScan Service is Offered by Over 40 Merchants
SCORE: 3.2
Mild 784 Clicks Pub: Apr 15, 15
Mobile Payment Beacons
South Africa's SnapScan Service is Offered by Over 40 Merchants
SnapScan is a mobile payment beacon that is already widely popular in Cape Town, South Africa. The platform is currently being offered by over 40 merchants and makes financing easy while on the go.... [More]