BizTek Webinar

Ramifications of the Tech Giants taking over Payment Processing

Apr 30, 2021: BizTek Webinar #7 with Bashir Fancy & Nick Brown

Bashir Fancy and Nick Brown discuss BigTech and Payment Processing

Recently, Nick Brown posted an article about Big Tech, and how powerful they will become if they control all Payment Processing globally.

Article by Nick Brown on LinkedIn: Big Tech is out of control! Imagine how much power they will have when they control all payment processing, globally.

PDF of article: Big Tech is Out of Control

Bashir Fancy and Nick Brown discuss the worrying ramifications to businesses and countries if this were to happen, reaching far beyond the payment and financial industries.

BizTek.org

Intended for Busienss & Technology Professionals, with a focus on Business Ethics. Includes many discussions between Bashir Fancy and a wide variety of industry experts.
Ramifications of the Tech Giants taking over Payment Processing 1:01:36
1:00 Why Nick Brown wrote the article about Big Tech taking over Payment Processing.
6:14 Why controlling payment processing is worrying.
10:21 Developing Countries will lose control. Consider WhatsApp in Brazil.
18:25 Money, cities and trains.
23:02 Payments and interchange fees.
27:19 Competing with Facebook, AliPay and others.
30:27 Where are we heading? Regulations? China?
41:15 Collaboration & Government Independence.
43:36 Facebook business model and competing with them.
49:22 Conversation for next week.

Select clips of interest: