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A 2018 survey by Bank of America shows that millennials’ top financial priorities were saving for emergency funds (64%), saving for retirement (49%), and saving to buy a house (33%) — not much different from the concerns their baby boomer parents had 30 years ago. Investing: Robo-advisors and micro-investing lower barriers to entry.
Webpay failed to gain user traction and was shut down in 2014, unlike up-start Venmo (now a part of rival payments processor PayPal). In December 2018, Reuters reported that Amazon was looking at airports as a potential Amazon Go partner. It’s likely that Amazon was too early to P2P payments. That scale would make Amazon Go a $4.5B
Instead, it was an ecosystem of apps that they used regularly and could access on their mobile phones: Uber, Amazon, Walmart, PayPal, Square, banking apps, OpenTable, Facebook, Instagram, Google, Venmo – and yes, WhatsApp and Messenger, to name but a few. Just like WeChat did. Of Messenger and Libra.
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