We dive into how Mastercard and other payment providers are thinking about the technology and what it holds for the future
Article
| Oct 23, 2023
Just a third of adults in Canada will use mobile peer-to-peer (P2P) payments this year, and adoption will barely grow through 2027. Mobile banking apps and digital wallets must rethink their strategies to capture P2P users—making the most of a population that doesn’t yet have strong P2P brand loyalty.
Article
| Oct 23, 2023
TikTok is carving out a slice of the global payments industry. In-app purchases surpassed $1 billion in Q1 2023, according to Data.ai. By taking control of its payments ecosystem, TikTok can grab a slice of revenues from payments providers while adding payment functionality that can help attract and retain creators. It’s already laying the groundwork across markets.
Report
| Dec 12, 2023
Chart
| Nov 17, 2023
Source: AARP
Report
| Mar 8, 2023
Mobile commerce growth increases the impact of a straightforward checkout process: Half of consumers surveyed consider how easy a merchant’s checkout process is when deciding where to shop.
Article
| Mar 25, 2024
Aldi retrofitted an existing store with checkout-free technology: The retailer wants to see if the frictionless shopping experience clicks with shoppers.
Article
| Apr 16, 2024
Buy Now, Pay Later volumes expected to account for 12.1% of UK E-commerce payments by 2025. So, it's really fast-growing and a lot of people, especially younger generations, are using Buy Now, Pay Later instead of credit cards because it's interest free for that kind of installment period.
Audio
| Mar 12, 2024
Audio
| Oct 16, 2023
How this helps Klarna: The benefits are twofold for Klarna—it's both an information play and a payments play. Because they’re logged in with Klarna, shoppers will be more likely to pay with Klarna; they don’t have to input any payment information. Whether they use pay now or pay later, Klarna gets more volume.
Article
| Feb 16, 2024
Consumer device and behavior trends are affecting payment providers’ strategies across retail, P2P, B2B, disbursement, and cross-border channels. Here’s what that means for the payments ecosystem.
Report
| Feb 28, 2023
Generative AI has ample applications within financial services over a three-year horizon, with payments the most promising sector because of its breadth of potential use cases.
Report
| Mar 9, 2023
Digital payment methods continue to displace cash and checks in the US payments ecosystem. But after a pandemic-driven crest, growth is moderating amid economic uncertainty, resetting the stakes for share of wallet.
Report
| Feb 28, 2023
Economic uncertainty and rapid technological innovation are shifting industry dynamics for players across the payments ecosystem, including acquirers and processors, networks, and issuers.
Report
| Feb 28, 2023
Payment method optimization can help consumers choose the card that delivers them the most benefit. The new Paze digital wallet, for example, can recommend stored card options—such as a co-branded travel credit card when purchasing an airline ticket—at checkout. This more closely aligns card rewards and benefits with the type of purchase a user makes. Passwordless checkout removes friction.
Article
| Feb 12, 2024
Report
| Feb 23, 2023
ChatGPT has fast become one of the biggest buzzwords in payments. We delve into the future of generative AI, cut through the noise, and provide actionable steps for payment services providers to prepare for its rise.
Report
| Feb 24, 2023
This second installment of the “Payments Ecosystem” collection unpacks how point-of-sale (POS) hardware, software, and payment gateway services are becoming increasingly intertwined as merchants adapt to economic turmoil and consumer payment changes.
Report
| Feb 28, 2023
Chart
| Mar 6, 2024
Source: Kantar
The UK is a digital payments leader, though traditional payments provide a backbone. Payment method preferences among different demographic groups are determining the winners and losers.
Report
| Feb 17, 2023
Gen Z consumers are tech-savvy digital natives that feel more comfortable searching for products on social platforms like TikTok over traditional search engines like Google. Even when they’re shopping in-store, they employ technology to help them, browsing mobile phones and using self-checkout to make the shopping experience more seamless.
Article
| Feb 26, 2024
Chart
| Feb 29, 2024
Source: EMARKETER; Bizrate Insights; Insider Intelligence
Chart
| Feb 29, 2024
Source: EMARKETER; Bizrate Insights; Insider Intelligence
Chart
| Nov 6, 2023
Source: McKinsey & Company
Chart
| Nov 6, 2023
Source: The Clearing House; PYMNTS.com