Soft POS unlocks emerging market payment networks
The guest argued that global payment networks can leverage Soft POS technology to bypass physical infrastructure bottlenecks in emerging markets.
The argument
The speakers argued that physical POS terminals are expensive, difficult to distribute due to poor last-mile logistics, and suffer from connectivity issues in developing regions. Soft POS allows merchants to accept payments on existing smartphones using mobile networks, acting as a major catalyst for digital transaction adoption.
The thesis, stress-tested
✓ What validates it
- ✓Increased Soft POS adoption rates among small merchants in developing regions
- ✓Mastercard or Visa reporting higher transaction volumes in emerging markets
▸ Risks discussed
- ▸High transaction fees on prepaid cards in emerging markets
- ▸Difficulty for users in converting physical cash into digital card loads
- ▸Geopolitical instability affecting regional investments
Hear it yourself
"Please can you introduce yourself and Legacy to our listeners? Thank you, Benjamin. It's great to be here. So my name is Herbie Wildwood. I'm the founder of Legacy. We are a nonprofit fintech trying to bring the best of modern finance, to charitable giving. So really, we're just trying to make it feel simpler, feel smarter, and most importantly, feel more rewarding. And I think we're gonna dig into that a little bit more later on, which I'm really excited for. Indeed, we are. And I'm also delighted to welcome Ozan Ozark, who is the founder of Openpaid. Welcome."
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