I am wondering how everyone with Curve apply the service they provide.
B/c of my lack of technology knowledge base, I can’t help thinking of the below situation and hope some more professional customers can help with this.
As a promising fintech start up who seems to have unique function that no other real competitor exist. I couldn’t help coming up with a question, WHY? Why don’t some banks establish a platform like Curve, is it because other banks wouldn’t provide the information to them? Or what are the obstacles preventing others from being Curve when it is such a brilliant idea in financial market.
What really keep customer stay with Curve?
Is it because of convenience that people just don’t want to carry more than one card? (so why don’t other financial facilities create a wallet that can combine all your banking info, like HSBC beta but add on payment function)
Or, is that most of the customers using Curve for it’s competitive FX rate/fee? If this is the case, shouldn’t they just find a better way to let customer pay with even lower rate/fee to compete with those like Revolut/Monzo…etc.and don’t need to go through the trouble making all cards in one?
I personally think Curve is a great idea that should’ve been so popular that goes worldwide, but why there is no other banks/payment company/cards company… doing the same thing?
And if they want to do the same thing, would they copy the entire idea? or just pick one of the feature like all-card-in-one or the best FX rate on market?