Payment Cards

topic on 2 shows · 4 statements across 3 episodes

the Neon Show the a16z Podcast

4 statements about Payment Cards, every show

a16z Assertion Contradicted
Khalaf: Payment cards have wider reach than Google, Facebook, and clean water
“Because if you think about a payment card, it's the most adopted technological product ever invented. More distribution than Google and Facebook combined. More distribution than clean water. And it's still a piece of plastic for many.”
Simon Khalaf Jun 20, 2024 ▶ 3:55 Zach Perret (Plaid) & Simon Khalaf (Marqeta): New Applications in Fintech
a16z Assertion Partly supported
Khalaf: Average US adults use payment cards more daily than TikTok
“I'll give you a stat. So right now the most addictive product, well, according to the Senate and the Congress, right, is, ah, TikTok. And if you look at its usage, adjusted for the U.S. Population reach, adult population, is 2.1 times a day. But a payment card…”
Simon Khalaf Jun 20, 2024 ▶ 4:18 Zach Perret (Plaid) & Simon Khalaf (Marqeta): New Applications in Fintech
NEON SHOW Insight
Sambhav Jain: Physical payment cards do not need printed card numbers
“So we're like, can we remove this? And because anyway, when I'm transacting online with the physical card, I don't need numbers. I just need my pin. I'm swiping the card and for shopping online, I just need the numbers. So we can push the numbers on the app th…”
Sambhav Jain Aug 30, 2021 ▶ 38:24 Fampay Founder on Fintech for GenZ and Funding ft. Sambhav Jain | 100x Entrepreneur
a16z Insight
Evans says software-provisioned mobile cards reshape financial services distribution
“If I've got a payment card on my phone in software that can be provisioned in software immediately, that changes almost everything about the kind of the whole go to market of how you do financial services. And yes, I can put my Chase card or my Amex card into …”
Benedict Evans Jan 2, 2019 ▶ 18:41 a16z Podcast | Selling Tech to Everyone -- Changes Everything

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