蘑菇AV

Payment providers with financial media networks (FMNs) like Klarna, PayPal, and Chase may face restrictions on data they can share with advertisers, potentially limiting the FMNs鈥� revenue opportunities. Expands credit access. The new rule lets credit card providers make decisions based on data held by other FIs, like a consumer鈥檚 income and expenses.

The bigger picture: PayPal is trying to grow鈥攁nd monetize鈥擵enmo. To do so, it鈥檚 been pushing the Venmo Debit Card and Pay with Venmo: Monthly active users for both products grew about 30% YoY in Q2 2024. Over the past year, it鈥檚 also launched new features like Venmo Teen or Venmo Groups.

Paze could therefore cut into the market share of other digital wallets like Apple Pay or PayPal. Paze鈥檚 features will also likely become the new norm among wallets, forcing competitors to innovate to keep up. Our take: While Paze鈥檚 rollout is taking longer than we anticipated, its impact on the industry will still be impressive. It will become a fierce new competitor for Apple Pay and PayPal.

And for reward redemption, the brand recognizes member feedback with options including cash payouts via Venmo or PayPal and gift cards from Amazon, Target, Walmart, and Visa. Consumers seek a smoother path to rewards and expanded options for redemption.

We forecast total retail return value to reach $931.85 billion this year, a 2.0% increase over 2023. 81% of US digital shoppers review return policies before making a purchase with a merchant for the first time and 73% agree that a poor returns experience impacts their decision to shop with a merchant in the future, according to an August 2023 survey from Happy Returns and PayPal.

PayPal. Plaid. PR Newswire. Temenos. The PNC Financial Services Group. The Verge. The Wall Street Journal. Unit.

The complaint alleges that Visa feared that digital platforms like Apple Pay, PayPal, Square, and Cash App had 鈥渘etwork ambitions鈥� that could disintermediate the payments network. Visa saw Apple Pay, specifically, as an 鈥渆xistential threat鈥� to its debit business.

PayPal is a really good candidate. You've got buy now, pay later players who would love to be able to get in store utilizing NFC. All of these entities thereby can make money on the interchange because it'll be with their own issued cards. So don't forget that. Rob Rubin:. You know what?

The US-based payments player launched the PayPal USD (PYUSD) stablecoin in 2023. But a year in, adoption of the stablecoin remains limited. Revolut will likely face similar challenges. Our take: Revolut鈥檚 stablecoin may also face a profitability challenge given its timing.

Young consumers鈥� creativity and drive are starting to pay off, and banks should act so they can leverage their growth in savings.

Based solely on brand trust, more Gen Zers would be likely to buy financial products and services from PayPal, Apple, and Amazon than from another traditional bank/credit union. Incumbents鈥� digital-only offshoots can鈥檛 compete with Gen Zers鈥� trust in Big Tech and retail giants.

Their digital fluency means they prioritize a good app experience that includes popular payment methods like Venmo, PayPal, and Apple Pay. Educate Gen Zers about the purpose of insurance. Only 26% of Gen Zers have functional knowledge about the value of insurance, per a January 2023 TIAA Institute survey.

PayPal, Revolut, and Klarna now offer marketplaces of goods or services based around payment solutions. Social apps boost shopping functions. Social commerce is a decade old, but better integration with payments and fulfillment services led to a healthy 26.3% growth rate in 2023. Services apps join the fun.

For example, Apple recently opened up its NFC tech to third-party mobile wallets, and last year, PayPal added Apple Pay as a payment option for its Advanced Checkout.

Companies inside of the ecommerce landscape (such as Chase and PayPal) and outside (including Planet Fitness and Uber) have seen the meteoric rise of retail media and wanted to cash in, Willens said.

PayPal has also been broadening the stablecoin鈥檚 payment use cases to boost adoption. PYUSD can be used to make transfers for free between the PayPal and Venmo apps. Users can also send PYUSD to compatible external wallets for a fee. In March, it began offering fee-free remittances via Xoom using the stablecoin.

Acquirers, networks, and issuers each play distinct roles in the payments purchasing chain. But those roles are shifting as providers adapt to the rise of software and value-added services, increased payment method choice, and cloud-based innovation.

PayPal. Savanta. Snap Inc. Toluna. The Retail Technology Show. YouGov.

PayPal. The World Bank.

So far this year, 83% of US adults have been scammed or targeted by fraudsters on payment apps like Venmo, PayPal, and Zelle, per Security.org. This is a sharp increase from the 68% who said they were scammed last year and the 48% in 2022. The bigger picture: While ID verification can help protect users, it also adds friction to the payments process.

Players like PayPal, Apple, and Amazon all fared better. Apple is especially well primed to win Gen Zers. It could pose a serious threat to banks at the consideration stage. Apple鈥檚 UX and brand loyalty are unparalleled, and it has been boring ever deeper into mainstream financial services for over a decade.

PayPal is falling off the P2P growth curve鈥攂ut it can still be a powerful supplement to PayPal鈥檚 more advanced features. PayPal鈥檚 eponymous P2P product counts just a fraction of the volume of its peers, and growth is flat, per our forecast. P2P isn鈥檛 a priority for PayPal users. Fifty-seven percent of US adults use PayPal, per Pew.