Social Media and Mobile Messaging Providers' Payment Apps in our mobile era

The ramping up of our mobile-driven age is at the core of numerous exiting innovations and disruptions that pace henceforth our living and working conditions anywhere and anytime. 

Social Media and Mobile Messaging apps are the most popular apps and attractions and generate in real-time unmatched vast amount various data that also drive numerous opportunities. 

With WeChat, Line and KakaoTalk, one can deeply observe the shift of Social Media and Mobile Messaging apps as powerful business platforms. These platforms provide numerous services including payment services globally. 

These robust solutions come from the Asia-Pacific region, respectively from China, Japan and South Korea. 

Their payment services progressively generate great implications in the banking and payments industry. 

Beyond basic payment services like person-to-person (P2P) money transfers, these market entrants have developed payment services that provide consumers a more comprehensive solution. 

Therefore, at Connectikpeople.co, we also believe that, traditional payment service providers should not become complacent and ignore the potential of these new players. Traditional providers should take this opportunity to seriously consider how to work with these players rather than attempt to compete or defend against their rise.

Henceforth, social media and mobile messaging services play and will play a critical role in consumers' lives, so, understanding how to work with and utilize their services is very important for traditional payment service providers to be successful over the long run.