The deal, which also includes FIS’s purchase of Global Payment’s issuing business, redraws lines that had previously been blurring
In-store payments provide a new growth avenue for BNPL providers facing slower industrywide volume growth
The company said its premium base will help it withstand a potential economic slowdown or other macroeconomic concerns
Latest data from the Federal Reserve shows leading institutions based on consolidated assets.
This could help the bank strengthen its ties with SMB clients and boost customer acquisition.
The issuers are taking a wait-and-see approach to gauge how Trump’s tariffs will play out
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