Cross-border volume has driven Mastercard’s growth. China’s massive remittance volume and Alipay’s 1B users make this a fruitful deal
The tie-up can help MoneyGram capitalize on the lower costs and faster speeds open banking can bring to remittances
As their city shrinks, multiple New Orleans-based depositor-owned banks believe a change in ownership will help them grow.
The neobank may be trying to do too much as it diversifies
The average score isn’t cause for concern yet, but it’s a sign that delinquencies may be catching up with consumers
This can make Galileo a more attractive partner for fintechs to work with and can help the modern card issuer keep up its momentum
Discover the dynamic shift toward digital wallets in the US and the UK in the latest podcast episode of "Behind the Numbers: The Banking & Payments Show." Delve into the compelling discourse on how younger generations' move to digital is rendering traditional wallets obsolete. Join host Rob Rubin, our US-based analyst Tyler Van Dyke, and UK-based analyst Carina Perkins as they unravel trends in digital transactions for dining, shopping, and ID verification. In the "For Argument's Sake" section, we dissect the fierce competition for market dominance among industry giants like Apple and Google, established players like PayPal, rising star Paze, and potential disruptors. Tune in for a forward-looking conversation and hit subscribe for the latest insights. Key insights: - Youth-led shift: Analysis reveals a robust trend among younger consumers pivoting to digital wallets for everyday activities, indicating a cultural and technological shift. - Market dominance debate: We uncover the strategic moves by tech titans and emergent challengers vying to capture the largest share of digital wallet users. - Cross-Atlantic perspectives: Insights from US and UK analysts present a diverse view on the adoption of digital wallets, offering a broader understanding of the global digital economy.
Virtual banking assistants like Bank of America’s Erica are taking design cues from ChatGPT and Google Gemini as banks look into adding conversational AI.
A Consumer Reports review of 10 banking apps found that many fall short on fraud protection. To foster trust, more in-app preventative and educational services are needed.
Misleading high-engagement content on “TaxTok” is worrying financial professionals and confusing their clients. Here’s how banks can help.
An aversion to risk and debt has narrowed down their choice of banking products and led them to adopt unconventional money-management tactics.
Just 39.6% of US Gen Z mobile banking users feel comfortable saving for the long term given their financial situation, per our September 2023 survey.
Over the past year, the behavior of customers, regulators, and banks has changed as they adjust to new risks in an evolving landscape.