Amex say there will be 5 platforms in the future of payments

In an interview in Fortune with Amex CEO Ken Chenault he states that it will be five platforms that matters in the future of payments;  Apple, Amazon, Facebook, Google, and Alibaba. Of course American Express will be embedded in each of these.

Read interview here.

Comment: I believe local/regional platforms beside “the big 5” will take/have a great part in future payments. Also interesting is the Amex founding that $25 trillion spent out there is outside credit/debit cards, most on peer-to-peer payments. Hard as of today for Amex to take part in this, eg. interchange fee challenge..

 

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