Perret: Large merchants will build their own payment and POS financing products
Zach Perret · Zach Perret (Plaid) & Simon Khalaf (Marqeta): New Applications in Fintech · Jun 20, 2024 · at 20:28
Zach Perret, CEO of Plaid, argues against Simon Khalaf's view on merchant innovation, predicting big retailers will build their own financial products.
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“I actually think you're underselling the merchants massively though. The level of the merchants are active in trying to build differentiated payments products, point of sale like point of sale financing products, like loans, so on and so forth. Not the small ones that we talked about small business, but the reality is the big ones, they're going to do way more.”
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