Payments

“There are no niches and payments that are smaller than a hundred billion dollars, and so that's probably the most surprising thing I've seen.”

“What's surprising about payment area under the curve, if you will, is that, like, the bigger the dollar is, like, the smaller the rake, which I guess makes sense, because you're not gonna get two percent of that 40 trillion dollar payment”

“There's some unobvious a priori, but clear a posteriori version of critical mass. And if you don't reach it, you're going to fail. Like there's not really a okay outcomes in payments. You either get there and everyone needs to have your widget or your network …”

“The convenience just trumps everything else as the total amount you're trying to send goes down.”

“Usually in my business, it means there's criminal activity or there's something funny, right? If money's easy, something's wrong.”

“You know, back in 2012 and 13 is when payments were opening up without which the business model may not have worked.”

“Planning is really important when you're implementing something technical and let's say you're implementing payments or something that's going to be a change to your database. If the coding agent is just like, all right, I got it and just starts writing code. …”

“Solana is a great blockchain for a lot of use cases, but it's still not great for payments.”

“Cause like a lot of identity prior to this is very verticalized. You'd have all sorts of businesses who are all like, you know, they all have this idea of we're going to build this universal thing, but in reality, it oftentimes just a vertical, like, Hey, we g…”

“Every single big industry specific software company owns the transaction.”

“The engine that powers Stripe is payments. It is payments. It's always gonna be payments. Like, payments is really, really vital, and Stripe should not have, and did not, like, overreach into multi-product before payments was, like, really, really, really work…”

“Payments are same on every app. It's not that my, if I do payment with one app to the other, they stand for different things. Payments is a commoditized one simple thing. Products are not. Like it's two different stores you go to cannot be exactly the same. Th…”

“The good things about payments is that it's like a, it's like an onion. You keep peeling it and you're thinking, now we understand it. And then you realize that there are more and more layers.”

“None of the chat ups have actually nailed payments at a global level. Like you can send messages globally, but you can't send payments globally. I definitely think that's the next frontier. Whoever cracks that, hopefully us that'll be, you know, the next sort …”

“About eight percent, depends on jurisdiction, but about eight percent of a bank's balance sheet is payments”

“I think nothing compounds like payments, so it's kind of hard to say, but I think it's going to be more growth, more people, more merchants, more products, more geographies.”

“One third of my revenue comes from payment.”

“For example, in Mexico, 90% of payments still are in cash to Today.”

“We give away our invoicing and accounting software, 100% for free. And then we monetize by putting payments, payroll lending offers, et cetera, in the application and get those deeply embedded into what the small business owners are doing.”

“In payments, you make money a little bit of a time. So it takes a while to get a payment company up to critical mass. And in that environment, it's much smarter to raise a little bit of money, show results, hit a milestone and raise more money. And that way yo…”

“I actually think if payments become as low friction as I think they will in the future, you know, you could be doing dozens of payments as you walk down the street, or your phone as you're browsing websites, or like, we'll actually see an order of magnitude in…”

“Because payments are, they're the most important one because they have the frequency of use. You might pay for things three times a day. Whereas, you know, how often do you pull out your frequent flyer card, or how often do you pull out your insurance card ver…”

“Now, when you think about this online and offline world, there are actually two components that are the plumbing to make the seamless mobile society work, and those two things are payments and QR codes, and they're actually very intertwined in China.”

“I believe actually that payments are extremely local and regional.”

“When you talk to merchants about this, they see it as a marketing. Yes. For them, it's like, oh, it's not the payments. You know, we are not talking about basis point of cost. For them, it's the marketing instrument to sell more.”