pjg

16 ms·

1.
by pjg 1mo ago
Seems like it was banned, at least temporarily from trading in India: https://www.bbc.com/news/articles/c5y0zgrevl1o
2.
by pjg 2mo ago
One of the reasons why legacy apps continue to live on (despite outliving their usefulness ) is third party tie-ins. The reason most companies are reluctant to switch from slack is because they have external third parties i.e. their partner
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by pjg 3mo ago
I interacted with Om a few times. Genuinely good soul. I met him a while back - about ~15 years or so. In spite of his busy schedule he took time out to speak with me. Gave me some valuable tips on startup world. I don't say this about
4.
by pjg 4mo ago
There is nothing preventing PIX from going global (just like VISA/MC). If you look at the history of domestic systems e.g. China Unipay, India UPI/Rupay, Japan JCB they started off as local systems and went global. Japan JCB is In
5.
by pjg 4mo ago
It is delightful to see PIX's exponential growth. It was preceded by India's UPI and borrowed heavily from it Here's a paper describing the experience: https://www.braziliankeynesianreview.org/BKR/article
6.
by pjg 3y ago
Zelle has many limitations: 1) The recipient needs to download the app and sign up. How does the Payor know whether the recipient has Zelle app or not 2) Even with the app, there are only about 50-100 banks that allow Zelle transfers. If so
7.
by pjg 3y ago
RFP i.e. Request for Payment is not part of this release. Furthermore there is no ETA from the Fed as to the release date for RFP. Currently FedNow is simply a push payment system i.e. bank account holder may be able to use FedNow to push m
8.
by pjg 4y ago
So this is what Will wanted to do when he left Plaid. Having the financial means to "buy" a bank certainly helped. Nice! Getting a new bank charter since the financial crisis of 2008-2009 has been virtually impossible. The number
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by pjg 4y ago
Disclaimer: I'm the founder of Checkbook.io ( a payments platform with a single API for sending payments) There are 2 parts to any payment, the sender side and the receiver side. Bill.com has historically pulled all the funds from the
10.
by pjg 5y ago
Yes, use of cards i.e. Credit Cards is likely to decline in the US. However that does not mean Credit Card use is declining at all. Instead it's increasing. There is a movement an shift toward using Cards for business payments. Given
11.
by pjg 5y ago
Credit Karma ? It was acquired by Intuit, not Square
12.
by pjg 5y ago
Seems like a simple value proposition here: BNPL is growing like crazy. Square doesn't have a strong product in BNPL space. Add to that it will get a presence in AUS/NZ and it becomes a good value to Square expanding product and g
13.
by pjg 5y ago
Seems like this applies to unencrypted communications only. Most http traffic is over https so will need considerably more work to decrypt it
14.
by pjg 5y ago
Checkbook.io | Digital Payments | San Mateo/ San Francisco CA | ONSITE | Full-time | Engineering | $120K+ and equity We are a fintech startup and solving the problem of sending payments. paper Checks are still profound in the business
15.
by pjg 6y ago
FedNow is a while away. RTP (Real-time payments) from the The Clearing House is already doing it. They have appx half the DDAs (bank accounts) in the US covered. Another year or two they will have 80-90% Also Push to Card and VISA/MC D
16.
by pjg 6y ago
FedNow is a while away. RTP (Real-time payments) from the The Clearing House is already doing it. They have appx half the DDAs (bank accounts) in the US covered. Another year or two they will have 80-90% Also Push to Card and VISA/MC D
17.
by pjg 6y ago
OK. But will DoJ disallow the acquisition of finicity by Mastercard ? VISA and Mastercard follow each other. I'm waiting to hear the verdict on finicity acquisition by MC
18.
by pjg 6y ago
AFAIK Stripe (/dev/payments back then ) never demo'd on the demo day of either S09 or S10. YC had/has a deal with Sequoia that Sequoia gets first dibs on the companies in each batch before demo day. Stripe presented to a
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by pjg 6y ago
Sorry, just added
20.
by pjg 6y ago
I lost my father some back too, though he lived longer, I can relate. Hit me up, my email is in my profile, would love to connect
21.
by pjg 6y ago
There is another reason. This is very specific to the way USA does things. It has to do with the role of the government vs. market. Other countries also had an antiquated payments infrastructure e.g. Cheques in Britian, Scandinavian countri
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by pjg 6y ago
I like this. As a founder I'm constantly multi-tasking. Getting "maker" time is virtually impossible. Having accountability in 1 hour increments is good. The key is the overhead of setting this up and communicating should be
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by pjg 7y ago
Checkbook.io | Blockchain enabled Digital Checks | San Mateo/ San Francisco CA | ONSITE | Full-time | Engineering | $100K+ and equity We are a fintech startup and solving the problem of paper Checks (sending payments) but converting t
24.
by pjg 7y ago
Is this functionally different from the US immigration authorities asking to inspect a person's social media content on their cellphone/laptop when entering the US ? Not just from "hostile" countries like Iran but occasi
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by pjg 7y ago
Checkbook.io | Blockchain enabled Digital Checks | San Mateo/ San Francisco CA | ONSITE | Full-time | Engineering | $100K+ and equity We are a fintech startup and solving the problem of paper Checks but converting them to Instant Payme
26.
Kobe Bryant had startup work ethic(businessinsider.com)
18 points by pjg 7y ago|5 comments
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by pjg 7y ago
Sooner or later they will need to make profit. I posit they are on a good trajectory to do so: Square and Stripe will make profit in payments (they almost are) Coinbase will make a profit in crypto (it's already break even) Affirm, Len
28.
by pjg 7y ago
Financials are not public but they make money like other brokerages i.e. on the float. They also seem to have a fremium model. Add to that other products they are offering and I won't be surprised if they growing in revenue per user te
29.
by pjg 7y ago
What percentage of the users at Schwab use the premium tools, my guess is somewhere between 1-10% ? Does Schwab earn disproportionate revenue from them ? If yes, then I can see your point but as someone below points out most brokerages make
30.
by pjg 7y ago
Am I the only one who thinks nobody is talking about the elephant in the room ? i.e. the cause and effect. Fintech companies like Robinhood have popularized the concept of (a) zero fee trading and (b) better UI/UX and just better servi

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