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The tie-up can bring in a large new stream of payments volume for the BNPL player, boosting growth ahead of going public next year

It's why Venmo now has a Venmo credit card. I mean, they want to be able to capture that ecosystem revenue. Rob Rubin:. Right. David Morris:. These are cards, ultimately including Apple Card, that I think are the most competitive threat to bank branded cards by far. They're growing outside of the banking ecosystem.

I think it's possible, and I'm just going to use a parallel example of Venmo came in and took that sort of P2P paying people directly market. And it's so much so that it's become a verb I'll Venmo you. But if you look at the actual sort of transaction volume now, Zelle, which exists on your banking platform for a couple thousand banks at least, but certainly the big ones enables you to use Zelle.

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

Powered by cloud-based APIs, modern card issuing leapfrogs traditional issuer processing to help non-financial services companies launch and customize card programs. Here鈥檚 where their offerings will be most disruptive.

Imagine if you have a small business owner that is a landscaper that is underbanked and they transact primarily through Venmo and that's how they pay their bills and how they engage financially in the economy. And they have a question about an invoice that was paid and what that means for their tax return because we're getting into tax season.

Maybe it's a company like PayPal I think plays an interesting place where they could fulfill that role, for example, or Venmo, which is PayPal. But you see where I'm going. Tiffani Montez:. All answers are PayPal. Rob Rubin:. Yeah. Tyler Brown:. It is. If you look at our trust survey. Tiffani Montez:. Very true. Rob Rubin:. Yeah.

Mobile P2P payments are struggling to capture users in Canada. But banks and digital wallet providers can lean into their respective strengths to create a rosier outlook for growth.

US adults are fairly evenly split on using mobile payment apps online versus in-store鈥攅xcept with PayPal, where 36% of users use the platform online most often, compared with 29% of users who use the app in-store, according to CivicScience.

I think that that's what Venmo is thinking. Joseph Pagano:. That's exactly right. And I think that's ultimately Elon Musk's vision of what Twitter-. Rob Rubin:. X. Joseph Pagano:. The X app is supposed to be. And if you look outside of the US borders, in particular in Asia, China particularly, those types of super apps exist and they have huge customer adoption. Tons of users.

And so they were able to embrace a lot of these new novelties like Venmo and Cash App. And so that translated into high rates of digital wallet adoption.

He points out that Disney's app will now be able to stand out from the crowd, getting away from all the other blue apps on your CTV or phone, Facebook, Venmo, LinkedIn, Zoom, the App Store, Waze, Shazam, Chase Bank, et cetera. Paul Verna:. That's interesting.