On today's episode, we discuss whether a digital bank can become a one-stop shop for everything and how consumers are paying for things differently. We then talk about where homeowners are spending the most money, why Etsy bought Depop, and what we expect from Prime Day 2021. Tune in to the discussion with CEO of Inter Shop (part of Banco Inter) Rodrigo Gouveia, eMarketer senior analyst Matteo Ceurvels, and director of forecasting at Insider Intelligence Cindy Liu.
Synchrony and American Express are among the issuers interested in taking over the etailer’s cobranded card business, which is currently managed by JPMorgan Chase and contains an estimated $15 billion in loans.
Credit Sesame gets $51M for AI-powered credit offerings: The company also unveiled a rent reporting tool and a credit-building product tied to cash usage—products that could prove valuable as FICO’s reliability has slumped due to the pandemic.
Regions to buy home improvement lender: The deal would bulk up and diversify the bank’s loan book, and give it point-of-sale financing channels—in contrast to broader scale included in other recent US regional bank deals.
Most customers who used mobile banking apps more often during the crisis said they’ll keep their current habits or increase it, per new research—and data points to a large potential market for neobanks.
A new Ohio lawsuit seeks to declare Google a common-carrier utility. While the suit will likely fail, it represents the latest novel attempt by state governments to rein in Big Tech in the absence of federal legislation.
The US Chromebook market grew 548% last year thanks in large part to pandemic-induced surges in remote learning. Continued investment in digital education means that Chromebook growth may continue.
The hype around ad blocking may have died down, but plenty of internet users are still taking steps to avoid ads. Marty Krátky-Katz, co-founder and CEO at ad block revenue recovery firm Blockthrough, joins eMarketer principal analyst at Insider Intelligence Nicole Perrin to discuss why some internet users block ads, what types of ad experiences are considered the most annoying, and how publishers' approach to monetizing ad blocking users has changed over the years.
Following a strong Q1 fueled by government stimulus, we have increased our forecast for US retail ecommerce sales in 2021. US ecommerce sales are expected to grow 17.9% this year (higher than the 13.7% predicted in January 2021) to reach $933.30 billion. That pushes ecommerce’s share of total US retail sales to 15.3%, up from 14.0% last year. Ecommerce is now on track to surpass 20% of total retail by 2024.
Users will be able to store their IDs in Apple Wallet and use them at places like airport security checkpoints, expanding the wallet’s utility.
Email in Apple's crosshairs: The company announced new privacy features that could disrupt how marketers measure the success of their email campaigns.
Brand Perception Index: The ANA will now rank brands on how consumers perceive their social impact—but perception isn't reality, and brands should also put their money where their mouth is.
Even as the U.S. starts to open up again, consumers are still shopping online, and Shopify, a leading commerce platform that lets merchants manage their online retail operations in-house, is well positioned to capture the growing online market as it continues to strike new partnerships.
Prime Day sales will surpass $10 billion