Added to this are the partnerships and services Shopify continues to build within its ecosystem, and the flexibility of its subscription packages enable merchants to trade up as needed and ultimately keep them in-house. Shopify supports small and local businesses by lowering barriers to entry for ecommerce.

Finally, the proliferation of IoT devices will create new payment portals for anything from municipal meters to more elaborate vending machines or smart appliances, providing new opportunities for financial institutions. Imagine new APIs for financial data. 4G created a new app ecosystem, and 5G will add new types of services based on richer media and proliferation of IoT devices.

The MA program is a value-based payment initiative in which Medicare pays a participating nongovernment private insurer a fixed amount for each beneficiary enrolled—also known as a capitated payment—irrespective of how much care that patient utilizes.

Europe (including the UK) is home to some big B2B embedded finance names, but it doesn’t yet boast a comprehensive embedded finance ecosystem like Asia and the US.

The pandemic transformed the retail ecosystem across the supply chain and all consumer touchpoints. As we move into 2022, execution will be paramount for retailers and brands.

Cards like Slate Edge could help bring them into the ecosystem—giving issuers a path to capture customers and convert them into healthy users with upsell and high lifetime value potential—while also attracting customers who developed an interest in personal finance during the pandemic.

Creators now have more ways than ever to make a living online. This report explores how brands should approach and engage creators for partnerships in the new monetization ecosystem.

The hardware would be built “entirely in the open, from software to hardware design, and in collaboration with the community,” which might mean that the wallet could be used outside Square’s ecosystem.

We bring together a big ecosystem of lenders who compete for assets across the credit spectrum. But we have also acquired a digital bank, and that acquisition does a lot of things for LendingClub. Most notably, it completely transforms the financials of the business. It knocks out a lot of costs, brings in a lot of revenue, and strategically allows us to do more.

Ads in Minis would give brands the opportunity to take advantage of the new feature without requiring the extra work of creating an app that can live within the Snapchat ecosystem. Twitter. On July 15, Twitter suffered what is likely its worst security breach to date.

And just last week, Square confirmed it will build a hardware crypto wallet, which will let users store their cryptos outside of the Square ecosystem. What will the DeFi platform look like? Few details are out, but we think Square wants to act as a gateway between DeFi services and its users to double down on blockchain revenues.

As Facebook positions itself as the gatekeeper to its own metaverse, fintech startups could benefit from integrating their solutions into its ecosystem. Alternatively, larger fintech players may explore creating their own metaverses: Coinbase’s upcoming NFT marketplace, for example, will include personal feeds based on each users’ interests to help connect them with like-minded users and creators.

Financial products from payment services providers (PSPs) are becoming more common. Since smaller businesses tend to be underbanked, PSPs have an opportunity to build out services sellers need and offer them in concert with other products.

Seniors ages 60 and over can reach an agent more easily and get help with online shopping, payment, ride-hailing, health codes, online pharmacies, and doctor’s appointments. Technological innovation is only one prong of Beijing’s efforts toward inclusivity of the elderly—training seniors to operate intelligent applications is another that featured prominently in the implementation plan.

The grip that Apple has on Meta has helped motivate the company to build a new ecosystem around the metaverse, with new monetization options, such as its Horizon Worlds marketplace. The iOS changes also benefited Apple ads. Apple ad revenues jumped 38.7% last year and will continue to grow quickly through 2024.

sales (eBay, auction sites, etc.).Retail ecommerce sales include the sale of products and related services ordered using the internet, regardless of fulfillment method.We exclude the following consumer categories from our definition of total retail and ecommerce sales: food services and drinking place sales (i.e., restaurant sales, restaurant delivery ordered online); travel sales; event ticket sales; payments

With mobile wallet use on the rise, the bandwidth and latency advantages of 5G networks can help speed up the payment process, whether it’s via a contactless or proximity payment method.

Crypto redemption, labeled as “extremely valuable” by 17.2% of respondents—but offered by no cards—could provide cardholders a point of entry into the burgeoning cryptocurrency ecosystem. Sharing and pooling same-brand rewards with friends and family increases their utility and value—and is also as a tool to recruit new customers.

However, its total buyer base is partially limited by its less developed commerce ecosystem—especially when compared with Facebook and Instagram.

This includes Facebook Marketplace, Instagram Checkout, WeChat Mini Programs, Line Shopping, VK Market, and others, regardless of the method of payment or fulfillment. Definition excludes travel and event tickets, payments such as bill pay, taxes, or money transfers, food services and drinking place sales, gambling, and other vice goods sales.

In light of the pending deprecation of third-party cookies and other identifiers, contextual advertising has risen in the web world—but it’s still difficult within the app ecosystem, partly because there’s no easy way to crawl content. In 2021, more publishers will adopt or develop contextual tools that will work in app environments.

Technology convergence is giving birth to an ecosystem of new inter- and intra-industry partnerships among companies that, in the past, may have made strange bedfellows. For example, automakers, online payment providers, location-based advertisers and entertainment companies are now working together on a variety of initiatives.

For a deeper dive into how stock trading fits in with Revolut’s strategy to build a stickier ecosystem, read this article from our Banking Briefing.

From touchless payment to scanning a QR code to see a menu, our customer experience has changed a lot over the past year. The pandemic has clearly had a major impact on what customers need from the brands that serve them.