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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 4.5

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Activity

Freshness

Megatrends

Patterns

4 Examples, 30 Related: 56,604 Total Clicks

Date Range: Mar 15 - Jun 15

Trending: Average

Consumer Insight Topics: Tech Business Lifestyle Gadgets New Ventures Retail Credit Crunch

Featured Examples

Wearable Payment Bands - An Alibaba and Xiaomi Partnership Challenges Conventional Retail Payments

SCORE 5.8

Warm 2,960 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 5.5

Warm 2,230 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 3.6

Mild 790 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 2.6

Mild 1,066 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]