BNPL providers have been flocking to travel to maintain payments momentum as the BNPL industry’s growth slows
Integrating the tech into crypto apps could make it easier to make payments, but winning consumers will still be a challenge
We could see more consolidation in the BNPL industry as weaker firms shut down in the wake of slowing growth
Customers cited a bank’s reputation as their top factor in choosing a new one. That’s a challenge for newer or smaller banks.
On today’s podcast episode of The Banking & Payments Show, we do a deep dive into Maria Elm’s EMARKETER report, The Bank in 2030. In the ‘Story by Numbers’ segment, we find out how banks will promote their brands to consumers in the future. We argue nicely in the ‘For Argument’s Sake’ segment about the end of banks as we know it and if it’s true that 90% of consumer-serving banks and credit unions won’t exist by 2030. Listen to the conversation with host, Rob Rubin, and analysts Maria Elm and Tiffani Montez.
First & Peoples Bank thought a shadow banking partnership could expand its digital lending business. But now it’s on the brink of failure.
The ecommerce giant wants to capitalize on India’s huge digital payments growth, but it has to play major catchup to win UPI share
The layoffs aren’t a sign that the company is struggling. The network is reorganizing to push into high-growth areas
The one-click checkout experience rolled out to merchants earlier this month. Adding Adyen as a partner sets it up for growth
American Express is expanding Amex Offers, which allows advertisers to serve card holders tailored deals. The expansion comes on the heels of Chase and PayPal launching financial media networks (FMNs), a trend we expect will continue.
This rollout puts Google in a strong position as the digital wallet competitive landscape shakes up
This tie-up helps the BNPL fintech keep up with major competitors Klarna, Affirm, and Afterpay, which are all already integrated with the payments platform
But usage of the payment option remained quite limited compared with the share of buyers who use BNPL at any point during the year