Great post & graphic Anjali! I think Abundance Generation will also compete directly with savings accounts – P2P loans pay savers/investors a much better interest rate + their money is used to do good.

One Size Fits One

Snapchat are partnering with Square Cash to launch Snapcash, through which US users over 18 years of age who own a debit card can make micro-payments to each other. Wired UK seemed to indicate in their podcast last week that Facebook might make a play for them, but I disagree. For one, it was reported earlier in the year that they are already looking at creating a similar service using WhatsApp. In any case, Snapcash isn’t the first instance of this service: WeChat started offering a similar money transfer service to its users in China over the summer.

The Snapcash ad below is very Willy Wonka & the Chocolate Factory-esque. Platform-wise, I like the fact that the service uses the $ symbol as the gateway to switching to transfer mode.

These are all really interesting events for the financial services industry, which is undergoing some pretty heated action and…

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