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

And so that translated into high rates of digital wallet adoption. They have the highest rates of digital wallet adoption, and now they're embracing digital only banking at twice the rate of Gen X, who would be the most to benefit from it because they're about to inherit a massive amount of wealth and political power.

Showing card account info takes away an important touchpoint for banks and puts Apple at the center of the relationship

Recurring payments for Apple Cash can boost engagement and lure new users.

That could really tap customers who are interested in financial services integration into their digital wallets. We see other players really pushing e-commerce and commerce in general and looking to build commerce integrations beyond just being able to pay in a store. So Google Pay for example, they launched Wallet which lets you store hotel keys, car keys, loyalty passes among other things.

From tumbling valuations to the arrival of Big Tech firms, we run down the biggest BNPL developments of 2022.

A federal judge has ruled that Google's search business is an illegal monopoly, marking a significant win for the U.S. government鈥檚 efforts to rein in big tech. The landmark decision found that Google abused its dominance by paying device makers billions annually to be the default search engine, stifling competition.

Here鈥檚 what Apple, Google, Amazon, and Twitter are doing to build out a space in financial services鈥攁nd how Big Tech鈥檚 expansion into banking will impact the industry.

Apple sells a lifestyle to affluent millennials and Gen Zers: We look at how its financial services offerings differ from any other traditional financial institution鈥檚.

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

It launched crypto transfers between Venmo users and through external wallets and exchanges.

In the two years since our inaugural 鈥淧ower of Amazon鈥� report, Amazon has remained a retail and tech powerhouse鈥攂ut it hasn鈥檛 been immune to economic uncertainty, shifting consumer behaviors, or increased competition. We examine how Amazon鈥檚 19 business divisions have changed and how these new developments might affect your industry.

鈥淥ver the last 12 months, we鈥檝e seen a flurry of [media advertising] activity from outside the retail sector,鈥� our analyst Sarah Marzano said on an episode of the 鈥淏ehind the Numbers: Reimagining Retail鈥� podcast. Although retail kicked off the commerce media trends, financial services, travel companies, and intermediaries such as Instacart and Uber Eats are monetizing their customer data and setting up ad networks. The rise of commerce media networks is changing the way advertisers approach targeting and how consumers interact with brands. Here are four predictions on these emerging trends.

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.

It benefited from increased volume in its key growth categories, like BNPL and Braintree

Digital commerce platforms are leaning heavily into payment processing to grow revenues and enhance customer engagement. But it鈥檚 still early innings: They are ripe for payment provider partnerships that can evolve as the platforms grow.

This year, the payments industry will face its first major test following pandemic-driven digitization as economic uncertainty pressures customer habits. This is the data you need to understand the major changes facing the payments ecosystem in 2023鈥攁nd how to navigate them.

As US mcommerce sales approach nearly half of total US online sales, marketers need to adopt mobile-first strategies that improve both the shopping and checkout experience. For those looking to boost adoption for their mobile shopping apps, banner ads are the best deal, though more interactive ad formats could become popular as retailers gamify their apps.

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

According to Piper Sandler鈥檚 45th semi-annual survey of US teen consumers, Gen Z spending was up 2% YoY to $2,419 annually. We dig into some of the key findings from the survey and offer our perspective, including why Ulta Beauty is proof the 鈥渓ipstick effect鈥� is in full swing and how Amazon can keep up with platforms like TikTok.

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

After touting a recession-proof business model, the BNPL firm slashed 19% of its workforce and will restructure to the tune of $39M.