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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.

The partnership is part of the BNPL provider鈥檚 operational overhaul and pivot to a fully white-label strategy

The Indian payments provider raised $350M for new products to diversify as competition intensifies.

Moving away from retail can help it overcome growth roadblocks, while a look to China could signal what鈥檚 coming for the space

This effort to appease EU regulators could shake up the mobile wallet landscape, but Apple Pay鈥檚 dominance shouldn鈥檛 waver

Consumer device and behavior trends are affecting payment providers鈥� strategies across retail, P2P, B2B, disbursement, and cross-border channels. Here鈥檚 what that means for the payments ecosystem.

This report looks at 12 of Walmart鈥檚 most important business areas, examining their maturity, disruption of the market, leverage over partners, integration with other products, and five-year outlook.

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.

This second installment of the 鈥淧ayments Ecosystem鈥� collection unpacks how point-of-sale (POS) hardware, software, and payment gateway services are becoming increasingly intertwined as merchants adapt to economic turmoil and consumer payment changes.

Checkout might be the last step in the customer journey, but if there鈥檚 friction at a retailer鈥檚 point-of-sale鈥攍ong lines, frustrating self-checkout machines, or a lack of payment options, for example鈥攕hoppers might bail. Solutions like smart carts, mobile checkout, and biometrics could provide relief.

The UK鈥檚 resale economy is thriving as shoppers look to save money and live more sustainably. Retailers and brands need to act鈥攐r risk losing out.

SoftPOS is a form of mPOS that can turn any seller鈥檚 smartphone into a payment terminal.

The BNPL provider embarked on a full restructure to regain growth and achieve profitability

Gen Z will represent 20% of the US population in 2023, and nearly 40 million of these Gen Zers are adults. This is the data you need to understand how to reach them鈥攁nd tap their growing buying power.

The share of online purchases that shoppers return keeps rising: That鈥檚 a growing challenge for retailers seeking to rein in costs without hindering the customer experience.

Digital payment methods continue to displace cash and checks in the US payments ecosystem. But after a pandemic-driven crest, growth is moderating amid economic uncertainty, resetting the stakes for share of wallet.

US financial media network (FMN) spend will hit $1.50 billion in 2026, $1.15 billion higher than this year, per our June 2024 forecast.

CBDCs are considered a more viable application of blockchain technology, bringing together the best attributes of fiat and cryptocurrencies. Mainstream usage is years away鈥攂ut established payments players can start preparing for their launch now.

Growing demand and regulatory clarity will encourage more FMN launches this year.

Economic uncertainty and rapid technological innovation are shifting industry dynamics for players across the payments ecosystem, including acquirers and processors, networks, and issuers.

Apple has a digital wallet. They just launched Apple Pay later. It just seems like a real uphill challenge for banks. How can banks compete with Apple to win Gen Z consumers? That's what I want to spend a few minutes talking about. Tyler Brown:. For me, it depends on how much Apple wants to compete with them. Maybe add a way to deposit a paycheck in between Apple Card, Apple Pay, Apple Cash.