Public’s Post

Affirm’s Founder & CEO Max Levchin recently sat down with Public’s Leading Indicator podcast and Axios reporter Hope King to discuss how Affirm empowers consumers, his passion for payments, the state of the US economy, and much more - including where all his Affirm swag comes from. 🌎 On what is attractive about payments, Max said: “Payments is the world's largest market. There are as many opportunities as there are problems to solve, and you kind of get addicted to solving them. Affirm was very much born out of the idea that we can do better.” A majority of U.S. households “revolve” on a credit card, carrying a balance from month to month with interest compounding into principal. Because Affirm doesn’t charge late fees or revolving interest, we have a “tremendous vested interest in consumers behaving in the most sensible financial way for them,” concluded Max. 💪 🏦 On the state of the US economy and Affirm’s underwriting advantage: “The US economy has been unbelievably resilient in the face of a roller coaster of events. Yet, generally speaking people are buying and paying their bills on time...Our transactions are underwritten every single time individually,” so whenever someone wants to use Affirm they have to apply and we only extend access to credit that we believe can and will be repaid. ✅ 👀 On his focus at Affirm: “My job at all times is figuring out what that next S curve of growth looks like and how do we action that.” Listen or watch the full conversation below 👇

Year in review: Banks are using wraps to provide insights from spend and enhance brand trust. At the end of every year, Spotify gifts users an encore that has become a modern tradition: Spotify Wrapped. This isn’t just any year in review. It’s a curated collection that tells a story. Banks are jumping on board too. e.g. Monzo Bank showcases the totals for spending, and a breakdown of where users are spending by categories or even merchant level. Why we're hooked on wraps? The key driver of the feature’s success isn’t coding—it’s psychology. 1. Quantitative Fixation People love quantitative comparisons. Seeing total money spent or most shopped categories makes our financial journey quantifiable and comparable. 2. Social Comparison Many human actions are shaped by our comparative status with others. Sharing captivating statistics prompts people to talk about your app, directly boosting installations. 3. Curiosity Who can resist finding out how much they spent at McDonald's this year? The story becomes shareable, and users get an overview of their spending patterns. 4. Nostalgia effect Nostalgia is a powerful emotional conductor. Reliving our spending locations makes us more likely to share our Wrapped. Resulting in stronger bond between the brand and the user. It’s great to see banks utilizing data to provide clarity into spending! Provide your users with the story of how they spent money in 2023 #fintech #banking #data #digitalbanking 

https://lnkd.in/dcZ4UQTT To replenish TikTok with currencies, navigate to the payment settings, choose your preferred payment method, and input the desired amount #tiktok-rerecharge #tiktok-rerecharge

StellarFi's approach to credit-building involves helping consumers build credit with every bill paid. Their bill payment platform consolidates all of the bills that customers typically pay online, such as utility bills, rent, and subscriptions like Netflix. Learn more now. #payments #fintech

Monzo Bank with the wrapped...👏 What's going on be more insightful, Spotify wrapped telling me about my love for a certain genre of music or Monzo telling me what I spent 🤔 In all seriousness, spending insight is what attracted me to Monzo years ago - what we used to call 'challenger banks' are now mainstream - well done for setting the benchmark. #challengerbank #wrapped #spendanalytics

This week's episode of When the Facts Change looks at what the Reserve Bank is doing to create a new version of digital cash. The RBNZ's Ian Woolford joins Bernard to discuss what this digital currency might look like, the parallels with current forms of cash, and the differences that could present opportunities for innovation alongside solutions to fragilities with the current systems. When the Facts Change is made in partnership with Kiwibank

Why is a payment orchestration platform called like this? Imagine you run a business and offer a range of payment methods for your clients – credit cards, bank transfers, mobile wallets, etc. These methods are like music instruments in an orchestra, each of them sounds differently and has its own way to be played. Without an experienced conductor this orchestra will sound like a cacophony! Payment orchestration platforms work like a real conductor, making all your payment processes work together harmoniously. #paymentorchestration #paymentprocessing

https://lnkd.in/dcZ4UQTT To recharge TikTok with currencies, users must follow the steps to link their payment method and transfer the desired monetary value to their account. #tiktok-rerecharge#tiktok-rerecharge

We've got a packed week of highlights from the much talked about roundtable "The Evolution of Payments Technology in a new Global and Digital Era" Let's have a listen to Payments Expert and Chief Revenue Officer at Cardstream, Nic Verdino as he shares his experience and insights with the audience (and now the world) on the consumer and merchant payments landscape #audio #payments #innovation #cardstream #qidigital ↘ https://lnkd.in/ePf4VMsr

Empower your live streaming and social apps with Pagsmile’s seamless cross-border payment solutions. Whether you’re a content creator, influencer, or platform, our services ensure hassle-free transactions, global reach, and an optimal user experience. Monetize your creativity effortlessly! 💸🌐🎥 #fintech #payments #paymentsystems #bank #money #mobilebanking #paymentsprocess #pagsmile #paymentsystem