Snapchat with it’s more than 100 million monthly users, has just entered the money transfer business with their latest addition Snapcash, following the recently launched Apple Pay by Apple. And that’s something that will be interesting to follow. The creditcard as a physical object is now rapidly being replaced by different mobile payment solutions. What happens when Facebook does the same with it’s 1.3 billion users?
In Denmark, where I’m from, a lot of local shops and small businesses where quick to adapt that technology. In fact it took less than 6 months for both businesses and private people to adapt this new way of handling payments through their mobile phones and devices.