The feature would open up the prepaid debit card to a new volume opportunity and help the wallet compete against Google Wallet
Analysts warn of a customer “exodus” as regulations change how customers interact with the app
Hackers, targeting fewer but richer victims, doubled profits in 2023. This surge pressures companies into costly payoffs. Businesses must prioritize cybersecurity to curb this trend.
The debit card gave Affirm a boost in active users and strong numbers, but to continue this pace of growth, Affirm may need to get creative
The company got a boost from getting users to adopt its payments software, helping gross payment volume increase 69% YoY
Digital wallets are fast becoming consumers’ preferred way to pay, both in and out of the store.
To out-influence Gen Zers’ favorite financial social media creators, banks should mimic certain finfluencer strategies.
Slowing growth, layoffs, and a push to improve profitability set PayPal up for “transition year.”
The BNPL industry is angling for long-term profitability by exploring subscription services and reworking loyalty strategies
But in-person are transactions still vital to the company’s strategy, unlike many competitors that are going all in on digital remittances
It’s executing a three-pronged strategy in hopes of turning around its struggling wealth management business.
As debts rise and credit quality weakens, banks are tightening lending standards, and consumers are starting to turn to alternative payment methods
This move solidifies Mastercard’s leadership in this high-value payments space
While these offerings can improve sales and customer satisfaction, merchants must also take into account this added and very costly risk