The Payments Show Podcast
The Payments Show helps businesses learn how to use the latest payments and financial technology to increase sales conversion and cut costs. Hosted by Satwant Phull.
The Payments Show Podcast
Pay by Bank: Card Free Payments with fumopay - with Co-founders Kevin Ludford and Abrie Greeff
In episode 74 of The Payments Show Podcast, I spoke to Kevin Ludford and Abrie Greeff, who are the Co-founders of fumopay.
fumopay is a, Open Banking payment solution that enables account-to-account transactions. It provides a faster, cheaper, and safer alternative to traditional card payments for both businesses and consumers.
VIDEO
Watch the Video version here: https://youtu.be/SlAscZXLB8w
Summary of topics discussed:
[00:00] - Introduction
[02:17] - Start
[03:06] - Origin and Growth of Open Banking
[06:00] - Fumo Social App Concept
[08:18] - Challenges with Bill Splitting Apps and Startup Banks
[09:34] - Benefits for Businesses
[10:08] - Increasing Account to Account (A2A) Payment Adoption
[14:51] - Increasing Cash Flow and Xero Integration
[17:38] - Pay By Bank When Payment Terminals Fail
[19:17] - Which Type of Customer Uses Pay By Bank?
[22:01] - fumpay's Market Position
[26:00] - Influencing Consumers: e.g. Instant Refunds
[28:37] - Specific Use Cases Are The Key
[30:09] - Markets Served by fumopay
[33:57] - Get Started with fumopay
[36:16] - Variable Recurring Payments and Sweeping
And much more…
Details:
- Recorded on 13 Jun 2023
- Host: Satwant Phull, Founder of Digital Money Lab
- Guest: Kevin Ludford & Abrie Greeff, Co-founders, fumopay.
[Next Steps]
- Get in touch with Satwant: digitalmoneylab.com
- fumopay: fumopay.com | @fumopay