Worsening economic conditions will be felt deeply by issuers if the tariffs remain in their current form
Leaning on non-card revenue can help the network maintain its momentum even if shaky economic conditions lead to slower consumer spending
Market instability as well as concerns over an economic slowdown as a result of President Trump’s tariffs are making the BNPL player pause its plans
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We list the key takeaways from EY’s survey of Gen Zers.
The large card program is in flux, with both its issuer and network partnerships up for grabs
The payments giant is expanding its financial media network to monetize its data and push profitability efforts forward
The tie-up can help Affirm’s strategy of building out its debit card to grow its overall payments volume
A large majority of US adults under 35—60% of adults aged 18-24 and 62% of adults aged 25-34—mainly use a mobile app to interact with their bank, according to September 2024 data from Fico.
Baby boomers support their adult children at the expense of their retirement accounts.
The P2P player was able to make this pivot thanks to the success of its integration in banks’ apps, which currently lead to 98% of its transactions
Many may turn to BNPL to make these purchases, providing a growth opportunity for providers
As the deal gets close to being finalized, banks and payment players need to prepare for a new competitive landscape
Nonbank lenders face lighter regulatory oversight than traditional lenders, allowing them to take on more risk when it comes to AI. When used in the lending process, AI can speed up approvals and communications while personalizing service.