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The initiative aims to get customers to pay with all of PayPal鈥檚 payment solutions鈥攆rom debit cards to buy now, pay later鈥攅verywhere they shop. Debit card TPV grew 64% YoY in Q1, and the number of Venmo and PayPal debit card users shot up almost 80% YoY. BNPL volume grew more than 20% YoY in Q1, and its monthly active accounts that use the service increased 18% YoY.

The campaign鈥檚 associated sweepstakes encourages users to pay more frequently with PayPal

The tie-up can help Affirm鈥檚 strategy of building out its debit card to grow its overall payments volume

The partnership will help Affirm compete with rival Klarna, which already has a large European presence

Parents can add cards and get email notifications when the child makes a transaction. Parents will also be able to track recent purchases, remove payment cards, and turn off access to passes. Children will get access to Google Wallet鈥檚 supported passes like event tickets and library cards. But they will not be able to use the wallet for online purchases.

The service lets merchants confirm cardholders鈥� date of birth and address using data from their card issuer. That means customers can complete age-restricted purchases online without the friction of uploading an ID. Mastercard will expand the service to more markets in 2025.

Afterpay became available on the Cash App Card in February. Block said the integration led to higher gross profits per active cardholder. This latest integration can give both Cash App and Afterpay a needed volume boost. Cash App鈥檚 volume growth slowed, and its user base flatlined in Q4.

I get lots of offers with my credit card statements. It feels like the same thing. No? David Morris:. Well, I think they can serve as a foundation for some of the media networks that are being developed now, but as a product, they're different. So Rob, have you ever gone into your card app, American Express, Bank of America, Citi? They all have these card offers. You can find them inside the app.

And then in terms of finding a creator, I work with a lot of brands on this and it can often be a little bit easier than it sounds in that just spend time on these platforms and search for the #credit cards and watch the videos under credit cards and watch these different areas that you're interested in and see which creator you're finding and resonating with because if you use, let's say an agency and

It also better protects consumers from card data breaches and other security concerns. It makes it easier to store cards on merchant websites, eliminating the need to update their card information when it expires or otherwise gets replaced. Our take: Tokenization is growing across the industry. Visa issued its 10 billionth token last summer.

Feeling flashy: An increasing number of Americans care about the design of their credit card, whether it鈥檚 custom-printed or boasts LED lights, per a study by IDEMIA. What share of US consumers are interested in getting a metal credit card? A) 2 in 10. B) 5 in 10. C) 8 in 10. D) 9 in 10. Eight in 10 consumers are interested in getting a metal credit card, per IDEMIA.

IFPA bars interchange fees on the tax and tip portions of credit and debit card transactions. Signed into law in June, it鈥檚 being challenged in a lawsuit by the Illinois Bankers Association, the American Bankers Association (ABA), and other groups. Why this matters: Durbin is a central player in this debate.

Integrating Afterpay on Cash App Card. Afterpay became available on the card this month. The integration can boost Cash App鈥檚 payment volume. During testing, Afterpay led to higher gross profit per active cardholder, the company said. Bringing Cash App and Square together. Merging the two ecosystems will turn Cash App into one app for everything.

The data: TikTok Shop is stealing share from Shein, per Bloomberg Second Measure, which analyzes credit and debit card data. TikTok Shop surpassed Shein鈥檚 US sales for the first time last June and has maintained that lead every month since. In January, TikTok Shop grew by 153% YoY, significantly outpacing Shein鈥檚 26% growth rate. For the sake of comparison, Temu鈥檚 sales rose 28%.

Strong payments ad spend faces pressure from tightening credit. Credit card spending reached new heights this year, which has led issuers to expect a strong acquisition market. They鈥檙e taking advantage of the opportunity by boosting ad spend, a primary driver of credit card acquisitions, by 8.2% in 2023. That helped propel credit card originations 3.7% YoY in August, per VantageScore.

Inflation accelerated in January: Rising prices of eggs, chocolate, and other goods keep costs in the spotlight, potentially squeezing discretionary spending and pressuring retailers.

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

Moynihan also said crypto could become 鈥渁nother form of payment鈥� just like paying with a credit/debit card or mobile wallet. Bank of America already has 鈥渉undreds of patents on blockchain" and 鈥渒now[s] how to enter the field,鈥� he added. Why this matters: We predicted that crypto payments will take off under the Trump administration.

Consumers are showing signs of strain as the labor market weakens, credit card delinquencies rise, and their confidence falters. The Fed鈥檚 delayed interest rate cuts may have worsened conditions, leading to cautious spending and a challenging economic landscape. Why it matters: The robust growth in July indicates that advertisers may be regaining a measure of confidence.

In Q4 alone, PayPal added 1.5 million new debit card users, and debit card payment volume shot up 100% YoY. PayPal Everywhere will expand to select European markets in 2025. Our take: The results of PayPal鈥檚 transition year are taking longer to be seen than some may like. Despite the slower speed, the payments giant鈥檚 efforts should set up the company for stronger growth in 2025 and beyond.