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But usage of the payment option remained quite limited compared with the share of buyers who use BNPL at any point during the year

Adding non-payments uses could make the wallet more convenient, helping Google pull new users and grab spending

It has a much smaller market cap than the likes of USDT. The entire asset category is still far from mainstream

Consumer behaviors will be shaped by continued uncertainty, heightened in an election year, and cultural trends spilling over into commerce (think Krispy Kreme and Ozempic). Retailers that lean into tech advancements and get back to basics will win.

Obviously you've also got mobile payment in store now so you can pay with your digital wallet when you're in store. So I think just that mobiles are really the bridge between digital and in store, and as retailers develop their apps and as more of the functionality is being developed, it's kind of driving sales on both sides. Yory Wurmser:.

It may be an olive branch for Gen Zers and millennials who may be upset over its decision to stop accepting Amex. It’s a win for Venmo’s monetization journey

They rely more on mobile devices than older millennials but have more mature financial lives than younger Gen Zers, giving key insights into digital payment behaviors

The app’s expanding product suite could appeal to this group. But they won’t be an easy sell, and Block risks becoming over-reliant on Cash App.

The Chase Freedom Rise card offers rewards and features tailored to new-to-credit customers to widen its appeal.

The P2P payments space is deeply entrenched by competitors that have large networks of loyal users

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

But the company also has plans to cut costs, which will include layoffs

Payment startups might be better off cutting costs and scaling back expansion plans until the funding climate improves.

The travel booking site partnered with Stripe and Klarna to offer BNPL and smoother bank transfers.

If marketed properly, the tech can help it stand out from rivals and build customer trust before mass industry adoption.

Despite a tough few months, Stripe is willing to invest in crypto. Industry rivals may need to take note.

It partnered with FreedomPay and Marriott as part of a wider shift to grow volume by focusing on payments for bigger restaurant and hospitality brands.

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

The two networks are edging closer to joining the UPI, which would open up a massive market opportunity.

A tie-in with PayEm will help businesses more easily manage their spending, which should appeal to firms trying to cut costs.

It partnered with Spotify Premium and can use other tie-ins and products to sustain rapid growth.

Banks and payment providers shouldn’t ignore consumers increasingly using cash to combat cost-of-living pressures.

Its falling valuation and tapering growth show that payment firms must work harder to build volume and attract customers.

Klarna hailed AI’s potential, but it needs to consider how the tech can bring benefits that competitors can’t replicate.