PAYMENT SOLUTIONS tools – pioneered by the digital challengers and adopted by some forward-thinking incumbents – could become an essential component of any mobile banking app . “ With global economic conditions not looking positive in the short term , I believe that many banks will start to introduce more money management tools to help their customers get a better understanding of how to spend more efficiently while also leaving room for saving ,” Karsli says , suggesting new features around micro-loans and salary advances as ways that traditional banks can support their account holders through the current financial uncertainty .
Should we all strive to become a ‘ super-app ’? This raises the question of whether banks or fintechs should still be striving to become a super-app , with Elon Musk even hinting that his takeover of Twitter could be a catalyst to creating an ‘ everything app ’.
Papara ’ s Ahmed Karsli continues : “ The truth is that there ’ s a lot of debate in the market about whether it ’ s a good strategy to try and build everything within one
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