Sharing Economy in the Payment Industry
According to the article (The sharing economy is doing amazing things for mobile payments, written by), Business based on sharing economy is conducted by peer to peer payment through mobile payment technology.
Many of sharing economy business models depend on customers being able to make mobile payments. PwC projected that the sharing economy will grow from US$15 billion in 2013 to US$335-billion in 2025 which means high potential to grow.
Does the payment industry will grow as sharing economy grow? How the payment industry should prepare for this change given the rapid growth in the technology? How customers are adopting for these changes?