, for example, where using IoT, insurers can monitor a driver's habits to determine premiums.
"We have to think about and leverage models where payments itself is sort of a service that's given away for free." Likening payments to printers, Gupta noted that most of the money is made on ink cartridges. If payment processing is the printer, fintechs will need to figure out what their ink cartridges could be.
"If you can handle these exceptions gracefully and in an automated fashion, you can get to that end state of marginal cost of each additional transaction being zero," said Gupta. "There is that ad-based mechanism around monetization of the signals and data in payments, which is how the Amazon's and the Google's and that whole ecosystem continues to be interested," Gupta said.
Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:
Sverige Senaste nytt, Sverige Rubriker
Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.
Austin-based Next Coast Ventures raised $130 million for its second fund - Business InsiderSilicon Valley is just realizing that profitable companies are wise investments, but Austin-based Next Coast Ventures has a $130 million head-start in its second fund
Källa: BusinessInsider - 🏆 729. / 51 Läs mer »
The Digital Banking Ecosystem from Business Insider - Business Insider[NEW REPORT] The Digital Banking Ecosystem: BIIntelligence explores the incumbent banking landscape and the key players banks are calling on to help their transition to digital
Källa: BusinessInsider - 🏆 729. / 51 Läs mer »
Andreessen Horowitz' Anish Acharya interview on payments and lending - Business InsiderAnish Acharya is a general partner at Andreessen Horowitz. He sees innovations not just from payments companies, but from unexpected players in the fintech space. I swear I thought this was Tony Parker for a hot sec. I’ve heard CIOs say “we are not a ______, we are a fin tech” about five times this year.
Källa: BusinessInsider - 🏆 729. / 51 Läs mer »
What first, business, and economy class looks like on Emirates - Business InsiderBusiness Insider's Rachel Hosie takes us through each class on Emirates' double-decker Airbus A380.
Källa: BusinessInsider - 🏆 729. / 51 Läs mer »
How to win a business pitch competition, according to a 12-time winner - Business InsiderA 33-year-old entrepreneur won a dozen pitch competitions in 2 years and raked in $75,000 along the way. Here's how she uses stats to craft a winning pitch.
Källa: BusinessInsider - 🏆 729. / 51 Läs mer »