# business

Swish has announced their new product addition — a virtual bank card that can be used from inside their app. An alternative to traditional mobile wallets. Supported by Visa and Mastercard. Works both in Sweden and worldwide. The first version is available for Android smartphones, while iOS will be supported soon.

My personal opinion is that the market of payments, and especially mobile payments, will stay fragmented and glocal. Strong companies with local presence will support global transactions via integrations and partnerships with other similar providers. I also expect existing giants such as Visa and Mastercard to remain mostly undisrupted, even more — they will evolve too, if not stimulate the evolution.

I just heard a peculiar story from our new manager regarding the accountability at the workplace: A new CEO has joined the company and took the time to meet with each team member personally to better understand the business. It quickly became clear that things were far from perfect. First, the CEO met with the Operations Manager and asked why some processes weren’t streamlined. The response? “Someone before me didn’t create clear guidelines.” Next, the CEO met with the Finance Manager and inquired about a mistake in the numbers. The CFO replied, “Someone here must have made that mistake.” Finally, the CEO spoke with the Marketing Manager about the decline in brand popularity. The CMO responded, “Someone directed efforts in the wrong direction.” After these meetings, the CEO gathered everyone and made a decisive statement: “I’m firing ‘Someone,’ whoever that...