Economía Digital | Digital Business Marketing School
Recordar contraseña Introduce tu E-Mail y te enviaremos a tu dirección de correo electrónico tu contraseña de acceso.
The Emergence of Social Payment Apps : MoMa Trends: Mobile Payments

Blog: MoMa Trends: Mobile Payments

As commerce goes mobile and social networks become funnels for payments, the lines between social media, payments and mobile are starting to blur. This trend has led to the emergence of a new type of services that are blending payment capabilities with social networking called “social payment apps“.

A good example of this blend of services is Snapcash, launched in back in November 2014 by Snapchat, which allows US users to send money to friends from within the app. How does it  work? You just need to add a debit card for your first transaction, but once you’ve done that you’ll be able to type an amount of money into Snapchat text-chat feature and hit the green pay button to instantly send money. Your friend gets a notice of the transaction and taps to receive the cash. He or she also needs to input a debit card to get the money, and if he does not do so within 24 hours, the money is refunded to you. These peer-to-peer payment transactions are PCI DSS secured at the level of Square‘s eCommerce transactions, so the internet security is the same as online business. However Snapchat limits its Snapcash transactions to personal use only.Video: Snapchat introduces Snapcash

This month, the social media messaging network has gone one step further in its latest effort to monetize its platform, and has launched shoppable e-Commerce ads with Target and L’Oreal Group-owned cosmetics company Lancôme. A swipe down redirected viewers to Target’s mobile site where users could shop items on promotion –  water bottles or plant stands for example. Lancome’s ad offered a comparable experience that showcased a new lip gloss called Juicy Shaker as its main product. Users didn’t need to leave the platform to complete their purchase, making the shopping experience ridiculously smooth, easy and…dangerous!

SnapChat Shoppable Ads

Social Payment Apps in Europe

We are starting to see examples of social payment apps in Europe too. Circle, the leading digital payments company which uses the blockchain as a settlement rail, has been in the news recently for launching its app in the UK with the help of Barclays. Available on iOS and Android, Circle will allow UK consumers to send and receive cross border payments with instant conversion between US dollars and pounds with zero fee. Unlike other services, Circle app allows users to send written messages, emojis and animated Gif videos to send with money transfers.

Circle Pay



  • Oswald - 24 mayo, 2016 a las 11:52 am

    Hi Ainara! Interesting article! I hadn’t heard about Snapchat e-Commerce ads, it’s good to know!

  • Deja un comentario

    Tu dirección de correo electrónico no será publicada. Los campos necesarios están marcados *

    Puedes usar las siguientes etiquetas y atributos HTML: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>

    Aceptar la política de privacidad

    “Los comentarios y opiniones que exprese en este Blog serán de su exclusiva responsabilidad, no representando en ningún caso a El Instituto de Marketing Relacional, Directo & Interactivo (en adelante ICEMD). Antes de ser publicados, los comentarios deberán ser validados por el Titular del Blog, por lo que puede suceder que éste decida no publicarlos. En ningún caso serán publicados comentarios sexistas, racistas, que inciten a la violencia o que en general resulten ofensivos o intimidatorios. Sus comentarios deberán respetar las normas de propiedad intelectual e industrial de terceros, así como los derechos de imagen, honor e intimidad de acuerdo a la ley vigente. No está permitido que utilice este espacio para hacer publicidad a favor de terceros. ICEMD queda eximida de cualquier responsabilidad derivada de los perjuicios que pueda causar al contravenir estas normas”.

    Los datos registrados pasarán a un fichero propiedad de ICEMD, adecuándose a la Ley Orgánica 15/99 de 13 de diciembre de Protección de Datos Personales.

    ICEMD se compromete a tratar de forma confidencial los datos de carácter personal facilitados y a no comunicar o ceder dicha información a terceros.

    Para ejercer sus derechos de acceso, rectificación, oposición o cancelación de sus datos se deberá enviar una carta a junto con copia del DNI a Avda. Valdenigrales s/n Edificio Esic, Pozuelo de Alarcón 28223 Madrid, por las dos caras, o pasaporte, con la referencia "PROTECCIÓN DE DATOS"”. CERRAR
    Ainara Gonzalez Abaitua
    Master in Digital Marketing
    Top 5 de este blog
    Etiquetas de este blog