蘑菇AV

The rule would require larger payment apps to be regulated like banks. Ending this rule would be a win for Apple Pay and Google Wallet

Leading cash-back credit cards need to drive acquisition in a cutthroat segment of the card market. Our exclusive consumer survey data reveals which emerging features issuers should invest in to win over customers.

Digital ad spending in the payments industry is set to surge as consumers start to get through the financial headwinds of the past few years. We look at where payment providers should focus their ad spend to maximize returns.

Gen Z has also embraced Zelle, as the bank-owned app keeps building a bigger share of peer-to-peer (P2P) transaction value and usage. Gen Z will also propel in-store mobile wallet usage.The number of Gen Z mobile proximity payment users will rise from 32.8 million in 2024 to 50.0 million in 2028, per our forecast鈥攚hich will represent 37.7% of overall users.

The bank will start blocking more transactions that originate from social media

While meme coins don鈥檛 have a long-term future as a payment method, there is growing momentum for stablecoin crypto payments

The wallet only offers peer-to-peer (P2P) transactions. It won鈥檛 add online consumer-to-business (C2B) payments until 2025 and in-store payments until 2026. And it will take time to get consumers and businesses to make the switch and grow adoption across Europe.

Access to Venmo鈥檚 peer-to-peer (P2P) transaction data further expands the pool it can mine for targeting insights. Click here to view the full forecast for worldwide PayPal core users. Weaknesses. PayPal is predominantly used for money movement, not shopping. And its lack of a banking license gives it a limited number of financial products from which to extract and analyze holistic data. Revolut.

For P2P marketplaces, individual sellers have the responsibility for listing items for sale.

Digital wallets鈥� transformation into commerce enablers speeds up. We make a case for digital-only consumer credit cards. And we see a new threat that BNPL poses to credit cards.

Zooming in on Cash App: Services outside of Cash App鈥檚 popular peer-to-peer (P2P) payments product were key growth drivers this quarter. The number of Cash App Card active users increased 11% YoY, totaling 24 million. And spend per active user also increased on a yearly basis.

Note: Digital ad spending includes banner ads and other (static display ads such as Facebook's News Feed Ads and X's Promoted Posts), classified ads, email (embedded ads only), mobile messaging (SMS, MMS, and P2P messaging), rich media (including in-stream and outstream video ads), search ads (including contextual text links, paid inclusion, paid listings, and SEO), sponsorships, lead generation (referrals

And many peer-to-peer (P2P) players and mobile wallets offer their own branded debit cards to encourage direct deposits and keep consumers in their ecosystems. What鈥檚 next? Debit card issuers need to be ready for a potential interchange clampdown.

PayPal is also monetizing the P2P app with Pay with Venmo. The average revenue per Pay with Venmo account is roughly three times that of all Venmo accounts. And monthly active users grew 20% YoY in Q3. Moving forward, PayPal plans to bundle Pay with Venmo with PayPal Checkout to expand its merchant network.

PayPal has also tried to grow Pay with Venmo to monetize the peer-to-peer (P2P) app. Our take: Cash App Pay already has a long way to go to catch up to established competitors like PayPal, but the crowded field of buy buttons will make it even harder for Cash App Pay to gain significant adoption.

Person-to-person (P2P) transfers make up the bulk of Pix transactions, but their share has declined precipitously in recent months as more people use it to pay businesses directly. Pix is taking consumers and businesses in Brazil by storm. Its immense user popularity has prompted merchants to leverage Pix as a key part of their payment and sales strategies to attract shoppers and drive sales.

It tried to encourage a number of consumer uses鈥攆rom P2P payments on Venmo to remittances on PayPal-owned Xoom鈥攂ut adoption has been slow. While it has grown to become the seventh-largest stablecoin by market cap ($694.6 million), according to CoinMarketCap, it is dwarfed by industry leaders Tether ($119.62 billion), USDC ($35.56 billion), and Dai ($5.36 billion).

Four banks that partnered with payments app Zelle reported that losses to P2P payment fraud on the app likely exceeded $255 million last year, soaring from $90 million in 2020, per a report by Sen. Elizabeth Warren. P2P payments platforms Cash App and Venmo are also under fire over fraud concerns.

The peer-to-peer (P2P) payment service is becoming more popular with the demographic, but only 18% of upper-income adults use Cash App, according to Pew Research Center. They want more options for how to use their money on the app, Dorsey said at a JPMorgan Chase investor conference, per Payments Dive. Why widening appeal could work:.

Credit card-enabled peer-to-peer (P2P) payments can tap transactions that play a huge part in consumers鈥� financial lives. It鈥檚 a trillion-dollar opportunity for issuers: US mobile P2P payments transaction value alone will top $1.139 trillion in 2023, per our forecast.

The leaders on the US recommerce scene are two P2P marketplaces. The peer-to-peer (P2P) model is the most popular for online recommerce and allows buyers and sellers to connect easily at a relatively low cost to the operator. eBay still maintains a commanding lead when it comes to recommerce.

Growth drivers: More than 6 in 10 US smartphone users make P2P payments, according to our US P2P payments forecast, signaling saturation. Though there鈥檚 still plenty of untapped volume, market maturity is going to make growth more challenging in the years to come, forcing Zelle and its competitors to seek growth in untapped areas.

Nearly 60% of sellers preferred more direct peer-to-peer (P2P) resale channels, per an April 2022 Morning Consult survey, and only 11% would opt for consignment. Buyers exhibited more of a split among P2P (39%), consignment (24%), and no preference (38%).

Customers are replacing checks with mobile P2P. Just 9% of P2P payments were made via check in 2021, while mobile apps鈥� share of transactions nearly doubled from 2020, the Fed reported. Business Checks鈥� Usage Decline Accelerates. Checks remain the top method for business transactions in the US, but usage is plummeting to record lows.