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Escrow, flexibility of payments and network effects
Escrow, flexibility of payments and network effects - what can Fintechs learn from Platform Businesses
Description: Could a FinTech like Monzo learn from a platform like Deliveroo?
Actually, it could. They are both aligned on their reliance on strong network effects, a critical requirement for either to succeed. Features like escrow and smart, frictionless transactions are effective strategies used by platform businesses - and they can be key to a Fintech reaching its disruptive potential.