PayPal vs The Banks

Gerd Schenkel, General Manager, Customer Strategy and Cross Marketing, National Australia Bank, and I had a chat earlier today about PayPal and what kinds of things Australian banks can do to head off the threat that PayPal (and other e-banking pureplays) represents. He acknowledged that it's a serious threat and that internally at the bank they talk a lot about what the "iPod" will be that creates a discontinuous innovation into the banking industry, Paypal obviously being one of those. He was very interested in my Tablet PC as well and I'm going to try to get him on the show in the near future. Interesting guy.

Comments

[Phillip Molly Malone]

Perhaps they can work out how to get it so that it doesn't cost me 15 bucks to cash a US cheque!

Molly

[Phillip Molly Malone]

OT: Are you predicting the future on the conferences blog or do you need to fix the timezone on the blog?
;-)

HTH
Molly

[Thomas]

Yeah, you're right Molly, they could work on that kind of stuff, or how to make electronic money faster! Regular bank international transfers: 5 open days and £15 ...