How E-wallet companies make money?, data collection? 
May 9 2019, 05:33 PM
QUOTE(lambsauce @ May 9 2019, 04:50 PM)
App like boost gives cashback for every transaction we make, n this is on top of cc benefits that we can get
Do they pay merchants some % of total sales to partner with them, or the other way round, where merchants share some % of their sales with e-wallet company?
While other one like Grab Pay could leverage their food delivery services to get food merchants on board, but after all, is it sustainable with all the promos n cash back?
or they are all bleeding till a point that they are powerful to sell or make use of these huge pool of customer n transaction data they collect?
inb4 money laundering lettew
how e-Wallet / grabpay makes money ?Do they pay merchants some % of total sales to partner with them, or the other way round, where merchants share some % of their sales with e-wallet company?
While other one like Grab Pay could leverage their food delivery services to get food merchants on board, but after all, is it sustainable with all the promos n cash back?
or they are all bleeding till a point that they are powerful to sell or make use of these huge pool of customer n transaction data they collect?
inb4 money laundering lettew
u top p e-Wallet, like thousands/millions others...
e-wallet have huge money sitting in their pool , until someone use them...
1. invest non moving money into somewhere. -> profit
2. keep balance in savings acct with higher return -> profit
how coupon/discount system make money ?
charge company for promotion based on their user reach. ->profit
get users to keep using their app for discount. increases user reach ->profit
in either case, they will give out user stats as marketing strategy to get more corporate to invest /market with them...
Quote
0.0141sec
0.54
6 queries
GZIP Disabled