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Jon is Head of Services and Payments at Euromonitor International.
Jon manages the global thought leadership, service and system design program for the following industries/offers: Consumer Finance, Consumer Foodservice, Travel, Loyalty, Sports and Mobility. Jon previously worked for a boutique consulting firm specialising in due diligence and corporate engagements for private equity firms, hedge funds and major corporations.
After the pandemic, despite players' expectations that circulation restrictions imposed during the crisis would stimulate consumers' desire to seek more out-of-home experiences, foodservice on-premises consumption (global value in USD current terms) has not yet returned to the levels seen in 2019 (pre-pandemic).
In April 2024, ByteDance was reported to acquire Union Mobile Pay (UMP) for CNY1.4 billion (USD200 million), pending regulatory approval. ByteDance operates popular social media and commerce platforms (TikTok and Douyin). This article analyses its strategic objectives of financial expansion, and the key threats and opportunities in relation to financial industries. UMP is considered to be a key chess piece of the game.
Money20/20 Europe is home to the industry’s boldest and brightest new voices - where the money ecosystem comes together to shape what’s next for the industry.