The Story of Apple Pay with Jennifer Bailey

a16z Podcast

a16z

Science, Innovation, Business, Entrepreneurship, Culture, Disruption, Software Eating The World, Technology

4.4 • 1.1K Ratings

🗓️ 22 October 2024

⏱️ 32 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

In 2024, marking 10 years since its launch, Apple Pay now boasts hundreds of millions of consumers in 78 markets, at checkout on millions of websites and apps, in tens of millions of stores worldwide, and is supported by more than 11,000 bank and network partners. In this episode, a16z General Partner Alex Rampell sits down with Jennifer Bailey, VP of Apple Pay and Apple Wallet, to explore how Apple has transformed digital payments. Jennifer reveals how Apple Pay and Apple Wallet have grown beyond payments to include transit cards, car keys, and more. They also discuss the challenges of driving adoption, the future of digital wallets, and Jennifer’s insights for entrepreneurs.

Transcript

Click on a timestamp to play from that location

0:00.0	If you look down at your phone, there are so many objects that exist in the physical world that have been absorbed into it.
0:08.0	Maps, calculators, mail, clocks, and of course for many, your wallet.
0:15.0	In today's episode, you'll get to hear from one of the people who help build Apple Pay and Apple
0:19.5	Wallet into these crazy little pocket computers.
0:22.6	Passing up with the mic to A16C general partner,
0:25.0	Alex Rampell, to properly introduce our guest. Hi, I'm Alex Rampel, a general partner at A16Z. In this conversation I talked to Jennifer Bailey, the legendary
0:45.1	vice president of Apple Pay and Apple Wallet, whose work has revolutionized
0:49.1	everything from digital payment to transit cards, contactless tickets, hotel and car keys, and more.
0:54.7	Since overseeing the launch of Apple Pay a decade ago,
0:57.6	Jennifer has led its expansion
0:59.3	into 75 markets worldwide,
1:01.5	now encompassing over 11,000 bank and network partners.
1:05.2	In this conversation, we cover her unconventional path rising through the ranks at
1:08.8	Apple, the challenges she confronted pushing Apple pay into the mainstream, new Apple
1:13.6	verticals on the horizon, and her hard-earned advice for early entrepreneurs.
1:18.0	Let's dive in.
1:20.0	As a reminder, the content here is for informational purposes only.
1:24.4	Should not be taken as legal, business, tax, or investment advice or be used to
1:28.3	evaluate any investment or security and is not directed at any investors or
1:31.8	potential investors in any A16Z fund.
1:34.4	Please note that A16Z and its affiliates may also maintain investments in the companies
1:38.8	discussed in this podcast.
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from a16z, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of a16z and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.