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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.

It's a matter of being able to penetrate the digital wallet realm, and I don't think that's going to happen right away. Rob Rubin:. What about retailers have to give the credit card companies a percentage of the transaction? Account to account potentially gives them a lower cost rail, right? David Morris:. Well, yes and no. Jamie and I love talking about co-brand cards and private label cards.

The UK is a digital payments leader, though traditional payments provide a backbone. Payment method preferences among different demographic groups are determining the winners and losers.

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:.

Amazon鈥檚 BNPL partners鈥擜ffirm and Citi鈥攍ikely benefited from growing consumer demand for the tool

Klarna will generate $33.38 billion in US buy now, pay later (BNPL) payment value by 2027, pulling ahead of Affirm in a period of massive growth for BNPL providers, per our forecast.

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

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.

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.

Sky, you talk a lot about how digital wallet adoption is a major unlock for mobile commerce and I think that Apple integrating buy now pay later is probably going to look the same. Sky Canaves:.

It launched Tap to Pay on Android a year after it signed on to deploy Apple鈥檚 Tap to Pay on iPhone鈥攈elping feed demand for softPOS and contactless payments.

鈥淚n 2022, retail media hit the first of many milestones when it became the fastest US ad channel to eclipse $30 billion in spending鈥攏early twice as quickly as it took social media,鈥� our analyst Max Willens said on a recent Meet the Analyst webinar. 鈥淭hat was just the start.鈥�

If marketed properly, the tech can help it stand out from rivals and build customer trust before mass industry adoption.

Sezzle and Klarna made progress toward long-term profitability in 2023鈥攚e look at how they鈥檙e using subscriptions to help make that happen

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

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

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

We look at the trends that will sustain that growth into 2024

Consumers are turning to the payment method to mitigate financial pressures this holiday season, but overextension concerns persist

Its growth and cost-cutting measures brought the BNPL fintech its second straight profitable quarter. And it鈥檚 projecting full-year profitability for FY 2024

We dive into how Mastercard and other payment providers are thinking about the technology and what it holds for the future