How do you foresee the future of online payment services such as PayPal, Payoneer, etc in light of the rise in freelancing and remote work?
GLOBAL HEAD OF SOLUTION DELIVERY AT EMQ INC.
“The ‘Uberization’ of conventional offerings alongside a boom in startups has led to a sizable growth in freelancers around the globe. This explosion has strengthened the positions of Payoneer, Stripe, and Paypal, which have pioneered both the collection and disbursement of funds in the value-chain of the gig economy — now a 350bn market, globally.
Now, Crypto and Blockchain, which may have been the missing pieces, are gradually added at both ends of the value-chain. Look at Visa investing in CryptoPunks and PayPal allowing for cryptocurrency trading. I foresee two global trends: healthy ‘local’ payment provider infiltration & growth, and secondly, a consolidation and simplification across this space via M&As and partnerships. ”