The BNPL industry’s explosive growth is a thing of the past. The number of US BNPL users will grow only 6.9% in 2024, a major slowdown from prior years. And while payment value will rise at a still-strong rate of 20.8% this year, it too marks a significant deceleration.
Consumers aren’t ready to quit cash yet: The shift to digital delivery of services hasn’t relieved banks of their duty to manage cash—particularly if they’re seeking to win over cash-carrying millennials and Gen Zers.
We explore key takeaways that can help banks stay competitive despite rising costs.
The bank expects to roll out more luxury experiences at 30 new financial center branches by 2026.
It’s a large volume opportunity for the BNPL player and helps Klarna compete with. It can also help keep users loyal to Apple as its NFC tech opens up
The service makes purchasing age-restricted items online easier and can help merchants speed up checkout times
Failing to improve its consumer risk profile may lead to concerns with its proposed Capital One merger
In today’s podcast episode, we dive into how Apple Intelligence will move the AI usage needle and discuss which companies are poised to shape the future of artificial intelligence. "In Other News", we cover Bank of America’s recent outage and the risks associated with digital banking. Join host Marcus Johnson and analysts Jacob Bourne and Gadjo Sevilla for the conversation.
Their data is consistent with what other major US credit card issuers reported, suggesting the credit card recovery is still a ways off
The card will expand Barclays’ presence in the US credit card industry and help diversify its card volume
Though most experienced drops in profit, big banks’ investment banking income helped them beat analysts’ expectations.
PayPal Ads offers unique ad targeting via transaction data: Access to PayPal’s 400 million users aims to transform digital advertising for small and medium-sized businesses.
While conditions are improving, the warning signs haven’t gone away completely