In the U.S., there are over 500 million credit cards, generating approximately $4T in annual spending. The top ten credit card issuing banks in the U.S. manage 85% of card spending. To diversify the marketplace and respond to consumer demand, Credit/Card-as-a-Service (CaaS) has entered the scene, challenging the status quo.
By embedding credit cards directly into the customer experience, Railsbank, a leader in CaaS innovation, empowers any company to build their own financial product. They credit Zoot for playing an integral role in the success of their CaaS product.
Alongside the Railsbank team, Zoot recently sat down with Payments Journal to talk about CaaS, responsible lending, customization, technology and more. Listen to the resulting fast-paced, information-rich podcast episode to learn more about this latest disruption to the fintech industry.