PayPal launched a softPOS solution that lets merchants accept contactless payments and can help PayPal gain more in-store volume.
Across generations, retirement is the No. 1 investing goal in the US. That said, Gen Z is far more likely to focus on getting rich or learning to invest than older age groups. While 81% of baby boomer investors have their eye on retirement—no surprise as they approach that milestone—just 35% of Gen Z investors consider it their main priority.
Block’s gross payment volume increased 31% YoY, aided by strong Cash App engagement.
Proposed open banking guidance allowing consumers to share financial data with third parties is reportedly delayed by concerns over safeguarding data.