In this second article of a mini-series, Volker Schloenvoigt (Principal, London), Shanta Paratian (Manager, London) and Camille Cochrane (Business Analyst, Paris) introduce the role and responsibilities of the Payment Facilitator enabler (the acquirer), identifying some of the benefits of becoming one and discussing the need for acquirers to develop a well thought-through strategic plan to embark on this initiative.
Ashley Gauzere, CEO and Founder of HUB2.io, spoke with Shanta Paratian (Manager, London). HUB2.io is a payment aggregator enabling interoperability between mobile money wallets. Ashley outlines how Africa’s mobile money market is evolving and that it will remain the main driver of financial inclusion.
Although we could argue that the traditional merchant acquiring industry has not seen major disruptions recently, we cannot ignore the global rise of the so-called Payment Facilitator model. Edgar, Dunn & Company felt it was important to share our observations and look at this subject in a mini-series of articles in our monthly newsletter. In this first introductory piece, Volker Schloenvoigt (Principal, London) and Shanta Paratian (Manager, London) describe and define the basics, as well as the role of the Payment Facilitator, and the requirements to become one.