Apr 06, 2022
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That is why the larger tech companies are increasingly using their online activities in combination with their own payment services. They want to Whatsapp Number List bind the customer as long as possible and collect as much data as possible in this way. The role of the banks is gradually being taken over by these companies. They bind their own customers with their own payment systems and wallets. Apple, Amazon, AliExpress, Microsoft, Google. WeChat, and more and more new providers, already have their own payment systems. These companies can use their platforms to set up their financial services and are not burdened by the legacy, investments and costs of the traditional Whatsapp Number List setup or physical components. That is a ballast that banks still carry with them. It will therefore be difficult for them to keep up with the competition with these new online providers. Data is gold These companies therefore offer their payment services precisely. Because the data is worth gold to them. They give them insight into purchasing behaviour, who is buying from, for how much, how often and how much financial space a customer has. With the PSD2 law , which regulates access for companies to Whatsapp Number List our bank accounts, governments make it possible and easy for data companies to gain insight into all financial transactions of consumers. I wonder if politicians have allowed themselves to be used for commercial purposes here.