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

Retail mcommerce is a $542.73 billion opportunity in the US this year, growing 11.7%. To maintain that growth and attract mobile shoppers, retailers will have to create seamless smartphone and app buying journeys, invest in loyalty programs to retain users, and prove that the mobile experience stands up against desktop.

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

Sezzle and Klarna made progress toward long-term profitability in 2023—we look at how they’re using subscriptions to help make that happen

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 service may incentivize more shoppers to pay with the BNPL provider, and it may also bring Klarna key data benefits

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

The debit card gave Affirm a boost in active users and strong numbers, but to continue this pace of growth, Affirm may need to get creative

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

The subscription service model is growing in popularity across the payments industry as it provides payment transparency for consumers and a steady stream of revenues for providers

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.