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The tech will make it easier for consumers to choose how they pay— boosting the card’s already strong growth

Companies implemented the tech for hyperpersonalization, AI chatbots, fraud prevention, and other use cases

Digital wallets are gaining share of retail transactions in the UK. Retailers that don’t accept them risk losing sales.

Payment providers are tapping genAI to personalize marketing offers and virtual assistants while streamlining customer checkout. These tools could help providers monetize transaction data and help merchants drive sales.

The rollout will help it keep up with Klarna, but well-established competitors in the market could limit its growth

Nearly half of all shoppers say they will try to buy only from brands with free shipping this holiday season, per Afterpay. However, 11% of US consumers say they plan to boycott brands that don’t offer free shipping or returns, per Invoice Home.

The Vipps wallet in Norway is the first to use Apple’s NFC tech, opening the floodgates for more to deploy the tech.

The capability should help boost Pix’s in-store volume, serving as a roadmap for the US’s FedNow to boost retail adoption

A Trump administration could lead to sweeping changes at the agency

Despite intensified payment competition and rocky economic factors, private label credit cards will maintain their importance in the payments industry in 2023. Retailers should not discount the value they can bring in terms of revenues and loyalty.

And it can help bring together Afterpay and Cash App, another of Block’s goals. Block isn't the only payment provider worried about costs. PayPal also hinted at layoffs in its Q3 earnings. The takeaway: With Dorsey back at the helm of Square, effective in October, we can expect major cost-cutting efforts and new strategic priorities.

Small and medium-sized businesses will account for almost half of the $35 trillion B2B payments market this year. They have been slow to digitize, handing B2B payment providers a unique set of needs to address.

But most use remains online, leaving considerable in-store volume for the taking—especially as providers like Afterpay, Klarna, and Splitit actively court merchants and tech partners to simplify in-store acceptance. 4. Account-to-account (A2A) payments are gaining steam. Sixty percent of US adults said they were interested, per a Worldpay and PCI Pal study published in November 2022.