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They’re still using the payment method, but some are wary the plans lead to overspending

We look at how adjusted pricing, launching in new categories and markets, and growing its debit card made this possible

The wallet has pushed to capture more payment volume from inbound travelers to China and Chinese travelers abroad

The payments provider maintained impressive POS growth given heightened competition in the space

The directive from acting Director Scott Bessent throws recent payments rules like the open banking and BNPL rules into flux

Their model proved they can include BNPL loans without hurting most consumers’ credit scores

Amazon sees storm clouds ahead: The retailer's weak guidance raises red flags for a broad swath of companies—suggesting that retail headwinds could be more widespread than expected.

Influencer marketing is becoming a need-to-have for payment brands’ marketing teams. While not without risks, it’s key to building awareness and creating relationships with young consumers.

But the solution may struggle to gain traction given consumers’ unreadiness to adopt the technology

Modern card issuers will grow alongside mobile payment services transaction value. Mobile payment services can use modern card issuing to seamlessly scale and incorporate cards into users’ digital wallets. We expect US proximity mobile payment transaction value to jump at an 18.6% average annual rate from 2023 to 2027, hitting $1.094 trillion.

US P2P apps need to tap new uses and services to stay competitive, especially amid Zelle’s dominance. Here’s how each app sizes up and differentiates to attract younger generations.

Holiday spend, international transactions, and non-card payments boosted growth

Sezzle faces an uphill battle competing against larger players like Affirm and Klarna

While meme coins don’t have a long-term future as a payment method, there is growing momentum for stablecoin crypto payments

Partnerships, non-card payments, and value-added services will help offset potential losses from the Capital One-Discover merger

Over half of proximity mobile payment users are under age 35, and about 1 in 5 are Gen Zers. And newly introduced features will make wallets more important than ever to merchants. To view the full forecast, click here. TikTok is mainstream. Adult TikTok users will spend 18 minutes daily on the platform in 2024, per our forecast—a number that has steadily risen since its blockbuster 2020.

Working with Visa will bring the future P2P platform added trust and security—as well as real-time payment capabilities

The expanded partnership boosts merchant acceptance for both Fastlane and Pay with Venmo

It’s hoping that phasing out Google Pay will make its mobile payments offering less confusing for users, increasing adoption: We forecast 32.5% of proximity mobile payment users will use Google Pay this year—versus Apple Pay’s 53.8%.