蘑菇AV

The season (which we define as November and December) will account for 18.4% of total US retail sales this year, according to our forecast. And this share goes up even more for ecommerce sales, representing 22.3% of full-year sales.

The network also forecasts a surge in ecommerce returns, per its 2024 economic outlook

It also launched new products, bulked up its buy now, pay later (BNPL) business, and teamed with Big Tech firms Amazon and Microsoft. Stripe and its rivals are under pressure to maintain growth in a fiercely competitive environment. That鈥檚 forcing them to move into fast-growing markets where payments can be improved.

The Consumer Financial Protection Bureau (CFPB) is weighing whether Apple鈥檚 size limits market competition after it launched a BNPL product. The bureau has broader concerns about Big Tech鈥檚 relationship with payments data. The CFPB is also investigating Goldman Sachs' credit card business, which includes the Apple Card. Sliding customer service.

On today's podcast episode, we discuss the most important parts of the EU's new AI Act, what's missing, and how these rules could shape US regulation. "In Other News," we talk about what nefarious GPTs can get up to and a card-linked buy now, pay later (BNPL) offering. Tune in to the discussion with our analysts Carina Perkins and Yory Wurmser.

Younger consumers will lean on BNPL to finance their holiday purchases. Gen Zers are more likely than other demographics to finance holiday gifts with buy now, pay later (BNPL). 蘑菇AV 39% of Gen Zers will use BNPL over the holidays, as opposed to just 9% of baby boomers and 21% of Gen X consumers, per i2c and PYMNTS.

Why it鈥檚 worth watching: US retail ecommerce sales during Cyber 5 are expected to hit $37.32 billion this year, up from $36.15 billion in sales in 2021, per our forecasts. And Cyber Monday is expected to make up the biggest share of the long weekend鈥檚 transactions this year, with $11.84 billion in expected sales.

If you want to learn how to get insights like these delivered to your inbox every day, and get access to our data-driven forecasts, reports, and industry benchmarks, schedule a demo with our sales team.

This year, we forecast Cyber Five to make up 15.7% of holiday ecommerce sales, bringing in a total of $42.66 billion in the US. US holiday retail and ecommerce sales will total $1.372 trillion this year, according to our February 2024 forecast. Use this chart to:. Develop seasonal merchandising and marketing strategies that span October through December.

Shoppers will lean on BNPL. Globally, BNPL volumes jumped up 237% YoY in the first half of 2024, per ACI Worldwide. ACI expects this bump to carry into the holiday shopping season: Many consumers want flexible payment options to ease their financial concerns. But consumers may be stretching themselves thin.

Consumers will likely hold out for value, look for deals, and increase reliance on credit and flexible payment options such as buy now, pay later (BNPL) to support holiday spending, per Salesforce. Physical stores are poised for a seasonal rebound. In-store holiday sales growth will more than double the full-year growth rate.

Issuers like JPMorgan and TD Bank introduced new flexible payment offerings in 2022 to compete with buy now, pay later (BNPL) providers and encourage consumer spending. Visa and Mastercard also ramped up their BNPL programs to help them grab a share of the $75.60 billion BNPL market in the US. Consumers embraced flexible payment options as high inflation persisted through 2022.

Consumers look for deals, flexible payment options this holiday season: Over three-quarters of shoppers plan to hunt for discounts, while BNPL use is set to soar amid financial constraints.

Apple鈥檚 headline-grabbing buy now, pay later (BNPL), savings, and credit card products are just one part of the threat it poses in consumer banking: Its digital platform delivers an almost unbeatable user experience (UX) and is tailor-made for Gen Z. Banks must adapt quickly or risk losing market share.

Modern card issuers can help mobile payment services build out and scale financial services offerings beyond cards just as quickly, including buy now, pay later and digital banking. Clients may also have the option to add innovative perks and customized credit card programs, including personalized rewards. To view the full Cash App forecast, click here.

Credit cards will remain the most popular retail payment method in the US through next year, with total credit card transaction value reaching $3.843 trillion in 2025, per our forecast.

Buy now, pay later (BNPL) spending will approach $100 billion for the first time in 2023, by our estimates. But most use remains online, leaving considerable in-store volume for the taking鈥攅specially as providers like Afterpay, Klarna, and Splitit actively court merchants and tech partners to simplify in-store acceptance. 4. Account-to-account (A2A) payments are gaining steam.

Key stat: US digital commerce platform gross payment value growth will slow down this year, increasing only 9.0% compared with last year鈥檚 25.0%, per our forecast.

Economic uncertainty is shifting the payment mix to the detriment of cards: US credit card spending will rise this year but only by a slow 2.0%, per our forecast. Here鈥檚 what will dent credit card market share in 2023:.

Join over 100,000 subscribers that have access to thousands of forecast charts, industry KPIs, and insights around key topics. Buy now, pay later, changing Gen Z payment habits and preferences, how to win new customers, all developed and derived from a rigorous and proprietary methodology that you can count on. If you're not already, start leveraging Insider Intelligence research data and insights.

From enabling Apple鈥檚 softPOS to expanding its BNPL program, we look back at the biggest announcements from Block this year.

Google鈥檚 worldwide ad revenues will total $189.11 billion this year, according to our October 2023 forecast. Apple鈥檚 worldwide ad revenues will total $10.34 billion this year, per the same forecast. Apple鈥檚 ad revenues are growing about twice as fast as Google鈥檚, at 21.2% compared to 10.3%. Google has gotten in hot water related to antitrust laws in the US.

The number of US buy now, pay later (BNPL) users will reach 88.2 million this year, representing over a third of US internet users. We expect that number to grow to 104.6 million by 2026, driven by growing merchant acceptance and increased usage among younger generations. Klarna is pushing further into in-store BNPL services, giving advertisers a chance to reach consumers in-store as well as online.