It wants to lean on AI to attract users, while new environmental-focused features should strengthen its brand with younger shoppers.
Recurring payments for Apple Cash can boost engagement and lure new users.
The brands built on their previous BNPL partnerships, bringing Affirm’s product to Amazon Pay to grow the buy button’s reach
Apple’s credit card, BNPL product, and savings account put it in direct competition with financial services incumbents. With 130.1 million US iOS users loyal to its unsurpassed UX and dominant digital platform, the threat will only grow.
Proximity mobile payments are finally reaching a critical mass of users, fueling spending growth. While it will slow in the coming years, providers are capitalizing on growth by building multifunctional ecosystems that expand their captive audience and tighten relationships.
The partnership opens up the provider to a massive merchant network, which can help it add users and grow volume.
Klarna hailed AI’s potential, but it needs to consider how the tech can bring benefits that competitors can’t replicate.
The BNPL provider added a credit opt-out feature to help prevent consumers from going further into debt
Gen Zers will drive the growth of emerging payment methods, opening the door for providers to reach them through digital and mobile. But card-based payment methods are still relevant. To tap their rising spending power, providers must align their offerings with how Gen Z prefers to pay.
The travel booking site partnered with Stripe and Klarna to offer BNPL and smoother bank transfers.
Gen Zers are flocking to emerging payment methods, but card-based options, led by debit cards, remain supreme. Payment providers must align offerings with Gen Z’s preferences now as their spending power grows.
After a challenging Q1, PayPal looks to be shifting its strategy to focus on high-growth areas. Business areas like Xoom might not fit.
To keep up the momentum, the BNPL provider launched a Pay-in-2 product so it can expand into new payment categories
The BNPL provider embarked on a full restructure to regain growth and achieve profitability
It benefited from increased volume in its key growth categories, like BNPL and Braintree
The partnership is part of the BNPL provider’s operational overhaul and pivot to a fully white-label strategy
Surging Cash App user growth helped drive a buoyant Q1 for Block despite recent short seller allegations.
Payment service providers competing to serve small and medium-sized businesses have a new opportunity to win them over with cutting-edge payment, cash flow, capital, and marketing tools.
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