Even so, issuers may be slow to lift preemptive APR increases as they brace for economic turbulence
This could help the bank strengthen its ties with SMB clients and boost customer acquisition.
Over a third of adults in the region don’t have a bank account. Only the Middle East and Africa has a larger proportion of unbanked consumers, per 2021 World Bank data analyzed by BCG. And the unbanked population is unevenly distributed: Just 59% of low-income consumers and 40% of rural inhabitants in Latin America have access to a banking account, per a January 2023 Mastercard and Americas Market Intelligence (AMI) survey.
Consumers’ relatively stable financial footing could be undercut by trade war volatility. Already-tight lending standards could lead to a double-whammy for issuers.
They’re already skeptical of big financial players and would rather keep their data under lock and key.
Most consumers aren’t using BNPL frequently enough to make it cost effective
The stablecoin giant is exploring plans to launch a US-specific token and POS solution
Customers feel that banks support them and their communities.
The campaign’s associated sweepstakes encourages users to pay more frequently with PayPal
While banks aren’t directly paying tariffs, they face a combination of other threats.
In today’s episode, we talk about what young people want most from a bank, their favorite alternative investments, and what their parents have taught them about saving for the future. Join the discussion with host and Head of Business Development Rob Rubin, Analyst Lauren Ashcraft and Senior Analyst Grace Broadbent.
Consumers became more cautious with their spending, a trend that could worsen with Trump’s reciprocal tariffs
Uptake could be limited given the crypto market plunge
When you think of tax season, gaming or dating probably don’t come to mind. But for H&R Block, flipping that narrative is part of a larger strategy to meet the next generation of taxpayers exactly where they are—whether it’s in a virtual mansion on Roblox or swiping right on Tinder.