SkyBlueFlux
Well-Known Member
We have a few here in Asia. They're typically an app that does loads of different things. So one that I have started as a taxi app, then did food deliveries, and now you can use it to pay in shops, shop online, book hotels, pay bills, buy insurance and it's also a banking app too. The AirAsia app similarly can be used for loads of things. I've got both of them and I still only use the taxi one for taxis and the plane one to book planes. I occasionally use the plane one to book taxis if it's cheaper. The one thing neither of them have is any sort of link to social media.
WeChat in China is the only one I know where social media is linked to all of that other stuff, and that is obviously fantastic if you're an authoritarian regime who likes to keep an eye on what people are saying online.
I think the closest thing we have here might be Revolut. Which I’ve been using for a while now… it’s gone from being a cash app with good ForEx rates to being a one-stop shop for banking, exchange, payments, savings, wealth & investments, purchasing insurance, buying holidays, deals and discounts with retailers. The only thing it doesn’t have is any kind of social functionality and I really don’t see what it would gain from having it.
I don’t see how whatever Musk creates expects to be better than the very well established finance apps that already cover this space.