The company is investing in AI and rewards partnerships to bring in more active customers to its mobile wallet
Elective cosmetic procedure are expensive and not covered by insurance, creating demand for financing solutions like Synchrony’s CareCredit
Travis Credit Union attributes its significant growth over the past five years to its comprehensive digital strategy.
They want more nontraditional rewards, greater personalization, and less friction in the rewards process
The addition of BNPL at checkout can help improve credit access in a market where 70% of adults don’t have a credit card
The company used its proprietary stablecoin as the main funding instrument, highlighting the asset’s transfer benefits
GenAI will generate more financial value for banks than any other technology introduced in the last decade. Per a September 2023 McKinsey & Company research, it could hit $200 billion to $340 billion annually through greater productivity.
AI is both part of the problem and part of the solution through new insurance products tailored to highly specialized needs.
The rollout includes AI-powered product recommendations and a one-click checkout experience. But in the fast-moving industry, these features could soon become commonplace among the major wallets
The company saw strong card spend in FY 2024 Q1, and its performance was also propped up by its diversification into value-added services
Delinquency rates are growing alongside consumer spending, but a peak in its growth may be in the near future
To weather the ongoing storm, they’re investing in a variety of growth strategies.
The subscription service model is growing in popularity across the payments industry as it provides payment transparency for consumers and a steady stream of revenues for providers
Usage of biometric technology in payments is growing, as Mastercard recently announced its own authentication service as well