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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.

From the merchant perspective, there could be interest in pushing A2A payments to avoid hotly contested credit card interchange fees.

Two of Marqeta鈥檚 long-term fintech customers are taking on more of their card program鈥檚 management capabilities. This has reduced Marqeta鈥檚 volume and take rate. Here鈥檚 how Marqeta expects to overcome both of these hurdles in the long run:. Klahaf said the BaaS challenges will weigh on Marqeta for another two quarters before its partners adapt to take on the additional compliance requirements.

We may therefore see more credit card programs offer perks in these categories to draw in cardholders. For example, American Express鈥檚 member week in October included limited-time offers like presales to live events and a virtual performance by Olivia Rodrigo.

Canada is behind other Western economies in digital payments adoption, but new technologies are finding footing against cards. Diving into usage among different demographic groups foretells how adoption will progress.

I was wondering what that looks like versus annual credit card spend, and I found one data point from two years ago. So holders of general-purpose credit cards charged an average of close to $9,000 in purchases per account in 2022. This was according to NerdWallet. So folks spending close to nine times as much on their credit cards each year. It'd be interesting to see if that gap is closing.

By the numbers: Major US credit card issuers highlighted a consumer borrowing resurgence in their Q2 2023 earnings. Wells Fargo鈥檚 credit card point-of-sale (POS) volume reached $30.1 billion in Q2, up 16% year over year (YoY), versus 3% YoY growth last quarter. JPMorgan Chase鈥檚 combined debit and credit card sales volume grew 7% YoY to hit $424.0 billion, down from 10% last quarter.

Right now, only debit cards and select credit cards powered by RuPay can use the UPI. RuPay has issued more than 700 million cards in India and dominates the country鈥檚 debit card market, but it lags behind Visa and Mastercard when it comes to credit cards. What鈥檚 in it for Visa and Mastercard? Connecting to the UPI would be a huge opportunity for Visa and Mastercard.

And Texas Dow Employees Credit Union (TDECU) is developing a digital lending infrastructure, including plans for a co-branded credit card with QR-code-based onboarding, aiming to streamline applicant efficiency and expand customer accessibility within Texas.

The news: American Express will extend its generative artificial intelligence (AI) capabilities to enhance the customer experience across its credit cards and bank offerings, per VentureBeat. Amex will use AI to analyze customer sentiments and predict consumer finances. It doesn鈥檛 plan to roll out its own large language model (LLM); instead, it will rely on partnerships.

Card ownership rates are at least 95% across age groups, thanks to regulation requiring the largest UK banks to offer fee-free basic accounts to unbanked consumers. Credit card growth is driven by rising adoption and higher-income users. The opportunity: UK consumers charged 拢136.07 billion ($167.67 billion) on credit cards in 2021.

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

Airlines and card issuers are raising redemption thresholds on loyalty perks as travel demand roars back.

More Gen Zers said card-linked plans are better for shopping than fintech offerings.

The move can bring in more volume on PayPal鈥檚 cards and enhance consumer loyalty

The service targets financially underrepresented consumers who want to build their credit. And this subscription trend has extended into the credit card space as well. The TD Clear card is a subscription-based credit card that doesn鈥檛 charge interest. The takeaway: BNPL is reimagining how consumers access credit as providers explore new fee and interest models.

But BNPL firms are struggling to create a value proposition to compete with credit cards. Affirm and Afterpay both shut down their rewards this year. And Affirm now boasts that interest-bearing loans鈥攑reviously anathema to the BNPL conceit鈥攎ake up 73% of its product composition. Affirm also hiked its maximum interest rate to 36% last year, well above the 24.7% national average for credit cards.

But credit card issuers like Chase sit on troves of first-party data, like customers鈥� spending habits and their implied interests. This gives banks a unique advantage over other retail media networks. Chase Media Solutions will likely be a multibillion-dollar revenue driver over time.

鲍蝉别谤蝉鈥� cards are saved as network tokens鈥攅nhancing security鈥攁nd card numbers are autofilled for them. Paze shows users their preferred credit cards first, but also recommends other payment options that help maximize card benefits. Prediction. Paze will hit 2% share of digital wallet ecommerce during Q4 2024.