The Global Payments Industry with Faisal Khan

We’ve spent a lot of time focusing on the payments industry in the US… but it’s important to also think globally! On this episode of PayPod: The Payments Industry Podcast, Scott was joined by aa true expert on the global payments industry, Faisal Khan.

Faisal is a banking / payments consultant specializing in cross-border payment systems and a crypto money evangelist. He is the co-host of Around the Coin, a weekly podcast on Payments & Fintech with over 20,000+ listeners. Mr. Khan is also a talent scout for Series A & B financing for various fintech VCs/funds. He is also a frequent contributor to popular Q&A site Quora where he has been a Top Writer for 6 consecutive years.

Listen in to hear his insight into the WORLD of payments.

Payments Industry Insights In This Episode:

  • What “the fragmented world of payments” on a global scale means and how it affects the industry.
  • Faisal’s thoughts on P2P payments.
  • What the biggest challenge folks working in the payments industry, banks, etc. are facing right now.
  • Faisal’s thoughts and insight into crypto-currencies.
  • Where payments technology is headed and how that will affect the industry.
  • With a whole bunch more!

Featured on the Show:

Payments Industry Spotlight: Faisal Khan

In Faisal’s own words:

“I am a seasoned Banking & Payments Consultant. My area of speciality is cross-border payments, and within this arena, I work with B2B, B2C (including mass-payouts) and P2P (home remittances) companies.

I am well versed in various segments of the value chain for x-border funds movement, such as: money transfer licenses, regulatory frameworks, access to MSB friendly banking, correspondent banking relationships, FBO accounts, bank-led sponsorship, licensing coverage, payment networks, card processors, compliance, aggregators, AML/KYC setups and IT infrastructure provider (including mobile money apps).

Intimately versed in the crypto / alt-coins space, especially when it comes to cross-border value transfer including newer, innovative methods involving blockchain (distributed ledger technology) and utility tokens used for cross-border value transfers.

I have years of field experience which I add to continuously by conducting various field studies. I am a firm believer in working out of the comfort zone – to get answers. I subscribe to the theory that ‘data drives decisions’.

My network within the space is well respected and I actively network with regulators, liquidity providers, legal/compliance experts, deal-flow brokers, bankers and top management of various companies.

My clients include Fortune 500 & Fortune 1000 companies, Banks, Trans-Global Multinationals and Small to Medium Financial Services Institutions.”

Small Business Organization of the Week: Arizona Small Business Association

If you’re an entrepreneur, small business owner, or just working in a small business, you’ll inevitably run into challenges as you work to grow. You also could benefit greatly from connecting with others in your niche, or just having some extra guidance. With that in mind, we want to honor organizations that are bringing business owners, future business owners, and even employees from many different areas together.

That’s why every episode we recognize and award a small business organization or group of the week. We also look to PayPod listeners to give us nominations. If you have an organization in mind, send us a message on social media (or email) and let us know!

This week, we’re happy to recognize The Arizona Small Business Association or ASBA

The Mission of the Arizona Small Business Association is to be THE statewide resource for small business. Business owners join ASBA for the convenience and efficiency of their products and services, to engage and advocate for public policy that ignites small business growth, and to foster a positive economic direction for Arizona powered by entrepreneurism. By bringing thousands of small businesses together, ASBA has created greater value for all members and is proof positive that our mission of supporting small businesses through an active and connected community is working.Arizona Small Business Association.

They do this by focusing their efforts on 4 areas of small business: Effective Small Business Education, Dynamic Professional Connections, Support Resources, and Public Policy.

Their focus on helping small businesses in Arizona makes them a fantastic organization. Huge congrats to them on their selection!

If you’d like to learn more about them, or even join, you can find them online below.