Opportunity in mobile payments
I started keeping a close eye on mobile payments space back in March of this year. It seems that there is a new startup on TC every month talking about how it is going to disrupt payments. Most want you to use their apps either as a pre-paid card - user loads money using CC or DC (Venmo, FaceCash, LevelUp, & most recently, Droplets); some want users to provide their direct debit a/c info (Paypal, Venmo); others are backed by banks and allow only their customers to send and/or receive money (PopMoney, clearXchange). And of course there is Square, which is built on CC rails and has decent traction but questionable unit economics and increasingly commoditized product.

With all these activity, one's gatta wonder whether there is any one (or several) on path to cracking mobile payments, which I firmly believe means providing the convenience and large distro (ubiquity in acceptability of payment method).

I have my theory on how to get there and I am working on it as part of YouWeb incubator. Glad to discuss with anyone interested. Reach out to me at uday@youwebinc.com. I am also looking to expand my team and have the following opening -

Founding Mobile Engineer

Do you want to disrupt the mobile payments space? We are committed to reinventing mobile payments with convenience and ubiquity in mind. We want to provide the best user experience and the best in class security and privacy to our users through integration of brilliant technology and cognitive design.

We are stealthy and part of YouWeb Incubator, birthplace of wildly successful companies such as OpenFeint (acquired for $104M by GREE), CrowdStar, Agawi and Spaceport. We are very excited about the huge opportunity in all types of mobile payments created by smartphones and recent awareness driven by mega banks. We have the financial backing from YouWeb Incubator, incredibly well-advised by big names in the payments industry including Peter Relan, and perfectly positioned to capture this space.

We are looking for a rockstar iOS app developer to become the company's Founding Mobile Engineer. You will be responsible for the design and implementation of our cutting-edge, big-vision payments app and will work cross-functionally with our very small team to define and launch the app.
In addition, as the first engineering hire at an early-stage company, you will also have the opportunity to grow and mentor a team.

We offer a competitive salary, early-stage stock options, and a comprehensive health, dental, and vision benefits package.

Responsibilities:
- Architect, build, and rapidly iterate on top-quality mobile payments app
- Participate in all phases of our software development life cycle to convert concepts into polished and released iOS application and features
- Maintain high coding standards
- Help us build a stellar mobile development team

Requirements:
- 1-4 years of development experience building mobile apps in a fast-paced environment with short project deadlines
- Strong experience with Objective C, C, and/or C++
- Solid working knowledge of iOS development and Cocoa Touch framework
- Drive to push the envelope to invent solutions to critical problems
- Excellent teamwork, flexibility, and ability to handle multiple tasks
- Passionate about payments and developing apps that will be used by millions
- Excellent verbal and written communication skills
- BS/MS in Computer Science or Engineering
- Experience within payments and/or banking industry is a huge plus
- Experience with other mobile platforms, particularly Android, is a plus

If you are interested in this position, please send your resume to: uday@youwebinc.com.