Binji, a new fintech startup is crashing the banking party, launching a platform that rolls banking, peer-to-peer payments and a debit card with a digital display into one offering.
This has been tried in the U.K. already with mixed success - the question is that nowadays we can store most of our cards on our phones via Apple Pay so is this really a solution looking for a problem?
It’s been at least 10 years of various start-ups trying to combine all cards into a single card. This one has a few new bits but I’m not confident it’s enough.
Definitely helpful if they make it. I also would like them to combine all of customer loyalty cards into the one in digital. One of the clear issues to implement this is how to address personal data problem including security matter. Many companies have invested in this area to improve service quality such as marketing management with big data as well as reliability from security. They have to have clear view on how to creat win-win situation between stakes holders.
Interesting strategy but... it’s difficult to beat phone wallets for functionality. Binji’s biggest impact - it makes Apple Card look good 🙂
Sorry, this just seems like an identity theft waiting to happen. No thanks.