Ä¢¹½AV

The company made major strategic moves during its transition year, but it may take longer for them to bear fruit

By the numbers: Remittance recipients rely on both digital and in-person avenues to collect their money. 44% of remittance senders said their friends or family receive transfers directly to a bank account, per a MoneyGram survey conducted in June 2024. 38% said they receive the money in an app or digital wallet. And 38% said they receive the remittance at a walk-in location.

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.

This enables third-party digital wallets like Google Wallet to offer in-app contactless transactions for in-store payments. Apple will also let users switch their default contactless app. Access became available with the release of Apple’s iOS 18.1 update in October.

Chase’s newly launched financial media network has opened the floodgates for other financial institutions. While lucrative on paper, securing advertiser and customer buy-in isn’t guaranteed.

The move helps cement crypto’s long-term future, but the industry still has hurdles to overcome before mainstreaming

The increased security for merchants and customers can make Skipify a more attractive payments partner

US digital commerce platforms will process $471.37 billion of their own payments by 2026. As a result, they’ll enjoy stronger customer relationships, added revenues, and cross-sell synergy.

The BNPL provider has made strong inroads in the US but faces steep obstacles in growing its market share

It’s a major win for the P2P player as the Trump administration dismantles the agency

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

Investing in card-linked installment offerings can help credit unions and community banks compete with larger issuers

The tie-up also makes Marqeta a more attractive card partner for fintechs

The BNPL player’s revenues doubled in Q4 thanks to users’ more frequent purchases