BNPL is expected to hit $680 billion in e-commerce transactions by 2025. 30 more stats cover consumer attitudes, demographic use and more.
The latest news about payments and digital payments trends, including mobile payments, contactless payments, real-time payments, and mobile wallets like Venmo and Zelle.
Powered by cards and savings, founder Max Levchin's Affirm is aiming to become a major payments brand, challenging traditional consumer credit.
Popular Articles within Payments Trends:
Banks often regard prepaid cards as high risk/low reward. In fact, prepaid technology is now being used to create digital products quickly.
Klarna's 'Pay Now' service, piggybacking on bank debit and credit, and its coming Klarna Card, greatly expand its reach.
Growing fraud in P2P payments is creating reputational risk for banks that fail to address it. Washington and the media have taken notice.
A successful credit card strategy must be based on three essentials: tailored products, mobile technology and financial education tools.
Rising rates have refocused credit card 'revolvers' on the cost of interest, and climbing prices prompt innovative features from issuers.
Wider adoption of 'request for payment' messaging capability will hasten use of real-time payments, bypassing traditional payment rails.
Bank buy now, pay later efforts must go beyond splitting up credit card payments. Competing head on with BNPL debit cards is one tactic.
Apple is on its way to becoming the one-size-fits-all banking provider, as it expands past just payments products, says global fintech advisor Efi Pylarinou.
Tiny Quontic Bank spearheads a focus on wearable payments via its Pay Ring. It's up against smartwatches that sync with digital wallets.
'The average American owns three credit cards.' 50 more credit card stats like that cover balances, payments, rewards, Gen Z use and more.
PayPal is expanding aggressively into nearly every corner of consumer payments — including BNPL and crypto — as they tread deeper into banking's turf.
Use of QR codes in banking is surging, offering new ways to reach banking customers and facilitate payments.
Buy now, pay later programs from banks have an advantage over those by fintechs. Banks understand compliance far better than newcomers.
Apple Pay expands with a BNPL option, so people can make installment purchases at retail stores using its proprietary mobile wallet.
Banks building their own Buy Now, Pay Later programs can avoid regulatory headaches by looking at the mistakes fintechs have made.
The payments landscape is changing, driven primarily by changing consumer expectations and the rise of new technologies, says Fiserv's president of digital payments and data aggregation Matthew Wilcox.
Digital wallets, with growing usage, are evolving into 'super wallets,' threatening banking's strategic role versus big techs and fintechs.
Big changes to NSF and overdraft fees put community and regional banks in a tough spot, impacting both revenue and technology budgets.
Newer tech simplifies money movement and management, helping to put banks and credit unions back into the center of peoples’ financial lives.
Consumers report strong credit performance but higher usage by financially vulnerable must be monitored closely as inflation and rates rise.
Banks must address gaps in digital capability to retain small business customers. Innovative features and ease of use are both essential.