Flannery: Mobile apps, not plastic cards, will power emerging market credit
Matt Flannery · a16z Podcast | Fintech for the People · Jan 2, 2019 · at 14:42
Matt Flannery is the founder of Branch, a mobile credit app operating in developing countries across Africa and Asia.
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“Credit cards just aren't going to spread. You know, the middle class of India is not going to have plastic credit cards. Nigerians are not going to have Visa cards or MasterCards anytime soon, because there's nowhere to swipe them, and people can't get credit scores. So it's going to be through apps, and so the credit card of the rest of the world is going to be an app. It's really obvious, and plastic cards are not going to get there.”
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