Credit Trends & Statistics
US B2B payments declined in 2020, but the pandemic spurred businesses to try different payment options
US B2B payments declined slightly faster than expected in 2020 at -7.1% as opposed to -4.9% for an actual sales value of $25.539 trillion in 2020. By year end 2021, those sales will grow by 7.8% for an overall sales value of $27.542 trillion.
Pandemic Causes Financial Services Advertisers to Emphasize Online Banking
Despite the decline in total ad spending in the US this year, the financial services industry will increase its digital ad outlays. Why? The pandemic has caused many consumers to reassess their personal finances and change how they bank, leading the financial services industry to continue spending on digital ads during the pandemic.
US Financial Services Digital Ad Spending 2020
The financial services sector will continue to increase its investments in digital advertising this year despite the pandemic. Shifting consumer behavior toward digital banking services and heightened interest in personal finance has given financial services companies good reasons to continue advertising.
Understanding China's Social Credit System
Sarah Zhang, co-founder of Points (PTS), offers her take on China's social credit system.
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