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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.

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.

The update should help consumers feel safer using the P2P app, which may help boost Apple Cash adoption

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.

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.

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

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

In 2023, 92.3% of the 5.2 million accounts opened digitally will be with incumbent banks, as digital-only banks fall victim to economic uncertainty and intense fintech competition.

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.

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.

The rollout extends Klarna鈥檚 in-store push and bolsters Alipay鈥檚 global expansion efforts

Over three quarters (78%) of US consumers say they鈥檙e likely to return packages to a convenient, attended location inside, according to a June 2024 survey from Narvar. Nearly as many (71%) would use home pickup for their returns at a time they select.

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

No other market in the world comes close to China when it comes to ecommerce. Its highly competitive digital market has spurred retail innovations that are making their way around the world.

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.

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.

Why big banks are losing market share with younger generations: A report finds fintechs and neobanks have captured 47% of all new checking accounts opened in 2023, and that Gen Zers increasingly see them as their primary accounts.