Home > trends > Mobile payments disruption: No financial expertise required?

Mobile payments disruption: No financial expertise required?

One of the most interesting industries that’s being disrupted by digital (big time) is mobile payments. This has almost everyone in the traditional payments space (e.g. POS vendors such as VeriFone, acquirers such as Vantiv, Network providers such as Visa etc.) aflutter. One of the key catalysts for this has been Square – the highly disruptive payments solution from Jack Dorsey. So it was interesting when I saw the following quote from him in a really well written article in the New Yorker.

To reinvent the payment industry, Dorsey avoided hiring employees who came from it. “Of the six hundred people here, only ten ever worked in finance,”

Wow. Less than 2% of its employees are from finance. Maybe a good model for other industries to follow, as they consider their own response to digital disruption.
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