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Payment service providers competing to serve small and medium-sized businesses have a new opportunity to win them over with cutting-edge payment, cash flow, capital, and marketing tools.

But now they're building Afterpay, which is by now pay later technology into their platform, too after they acquired the company. So now you can search Afterpay merchants and check out using BNPL in Cash app. Sara Lebow:. It's interesting, I don't think of myself as a pioneer of mobile wallet use, but I use three out of the four systems that you just mentioned. Jaime Toplin:. Yeah.

Advocate Health cancels liens, forgives medical debt of thousands: The health system’s abrupt decision to forgive patients’ debt is a play to save face after the results of an eye-opening investigation were published.

The 2022 holiday season’s solid retail sales gains were mostly attributable to inflation, but they nevertheless paint a cautiously optimistic picture for the 2023 holiday season.

The big tech is diving deeper into payments to tap new revenue streams.

Hispanic buying power in the US has skyrocketed since 2010, rising from $1 trillion to a projected $2.8 trillion by 2026. Retailers and brands need to understand the cohort’s economic profile and shopping habits—particularly as they aim to capture younger generations of digital natives.

Resilient consumer spending was a bright spot for Mastercard, but higher costs squeezed profits in Q1.

Young consumers want faster, easier access to funds than traditional lending options currently offer.

Stripe can benefit from Uber’s global reach, while Uber can cut checkout friction for customers.

The firm is reportedly in talks over a sale. We discuss why it could be an attractive acquisition and how likely a buyout is.

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

Overall retail spending will rise 4.5% to $1.328 trillion for the 2023 holiday season.

It partnered with OpenAI on a ChatGPT plugin to offer users personalized shopping recommendations.

With students heading back to school, how is the sales season shaping up? We’ve compiled five charts on the 2023 back-to-school shopping season. When and where are consumers shopping and how are they looking to save?

The card network’s gross payment volume increased 8% YoY during Q4, but it anticipates a slowdown in revenue growth this quarter.

Credit cards will remain the most popular retail payment method in the US through next year, with total credit card transaction value reaching $3.843 trillion in 2025, per our forecast.

US mobile peer-to-peer (P2P) payments have reached a critical mass, and spending is surging—but the media’s spotlight on fraud has stoked consumer concerns, threatening user and spending growth. In 2023, providers will tackle the security issue head-on as they aim to become consumers’ primary wallet.

In just five years, retail media went from a $1 billion segment to a $30 billion segment. With US omnichannel retail media ad spend poised to reach $59.98 billion this year, per our October 2023 forecast, non-retail industries from health and fitness to restaurants and financial institutions are looking to build out their own media networks.

Which networks should brands be paying attention to as they refine their retail media strategy? From the king of them all to the ones that are just catching up, here are five retail media networks to keep an eye on this year.

Adoption of digital wallets is approaching critical mass, but they won’t replace physical wallets anytime soon. However, a super app may be on the horizon, especially if companies can crack the ability to integrate payments with shopping services.

The Indian payments provider raised $350M for new products to diversify as competition intensifies.

The network also forecasts a surge in ecommerce returns, per its 2024 economic outlook

EPI wil pilot a digital wallet and instant payments system after axing its plans for a pan-European payments network

US sellers can now add the checkout feature to their websites, which can help it sweep in more volume and stay competitive.

Consumer spending rose in the first four months of 2024: Shoppers are becoming more deal-conscious as cost-of-living pressures weigh heavily.