Banks need to understand how they monetize realtime payments services
Currently there isn't a model for how banks should charge for realtime payments and it's hard to advocate for them without cannibalizing their credit card business
Wix transformed its internal payment infrastructure into a $3 billion-per-quarter fintech platform by focusing on universal access and merchant-specific pain points rather than building a walled garden for premium users.
Dive into how Wix reimagined checking accounts to eliminate the "where is my money?" problem with instant fund access, and leveraged proprietary website data to expand capital access for small businesses that traditional lenders overlook.
