Even so, issuers may be slow to lift preemptive APR increases as they brace for economic turbulence
The card network is positioning itself at the forefront of the crypto payments space, centered on stablecoins
Over a third of adults in the region don’t have a bank account. Only the Middle East and Africa has a larger proportion of unbanked consumers, per 2021 World Bank data analyzed by BCG. And the unbanked population is unevenly distributed: Just 59% of low-income consumers and 40% of rural inhabitants in Latin America have access to a banking account, per a January 2023 Mastercard and Americas Market Intelligence (AMI) survey.
They’re already skeptical of big financial players and would rather keep their data under lock and key.
Consumers’ relatively stable financial footing could be undercut by trade war volatility. Already-tight lending standards could lead to a double-whammy for issuers.
Customers feel that banks support them and their communities.
Most consumers aren’t using BNPL frequently enough to make it cost effective
The stablecoin giant is exploring plans to launch a US-specific token and POS solution
The campaign’s associated sweepstakes encourages users to pay more frequently with PayPal
While banks aren’t directly paying tariffs, they face a combination of other threats.
Trump’s “Liberation Day” tariffs landed harder than expected. Widespread uncertainty remains, given the pause on reciprocal tariffs for countries willing to negotiate with the US—along with an escalating trade war with China. Which markets will take the greatest hits? And how might our US forecasts change?
In today’s episode, we talk about what young people want most from a bank, their favorite alternative investments, and what their parents have taught them about saving for the future. Join the discussion with host and Head of Business Development Rob Rubin, Analyst Lauren Ashcraft and Senior Analyst Grace Broadbent.
Consumers became more cautious with their spending, a trend that could worsen with Trump’s reciprocal tariffs
Uptake could be limited given the crypto market plunge