We look at the trends that will sustain that growth into 2024
Article
| Jan 5, 2024
Showing card account info takes away an important touchpoint for banks and puts Apple at the center of the relationship
Article
| Nov 17, 2023
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| Feb 1, 2024
Source: Numerator
Reported plans to launch Apple Pay and its credit card in the country could support growth plans—if it beats out stiff competition.
Article
| Jun 26, 2023
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| Jul 1, 2022
Source: eMarketer
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| Jul 1, 2022
Source: eMarketer
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| Sep 21, 2022
Source: eMarketer
We capture how payment providers are innovating to meet new preferences and capture this vital volume in four trends
Article
| Nov 27, 2023
The pandemic has accelerated consumer adoption of QR codes. Here’s how marketers can take advantage of the technology.
Report
| Feb 11, 2022
On today’s episode, we discuss how Gen Zers are different from older generations in that a lot of their financial services product consumption will be embedded within non-financial service-specific experiences. In our "Headlines" segment, we examine how convenience plays a major factor into Gen Z decision-making. In "Story by Numbers," we discuss Gen Z’s use of Apple Pay in consumer finance and if consumers can find competitive prices while using embedded finance experiences. And in "For Argument's Sake," we debate if more than 10% of Gen Z or Gen Alpha will go their whole lives without establishing direct relationships with financial service providers. Listen in to the conversation with host Rob Rubin and our analysts Grace Broadbent and Eleni Digalaki.
Audio
| Jul 11, 2023
The EU wants to find out whether Apple’s restrictions on accessing its near-field communications (NFC) chip make it harder for rivals to develop their own mobile payment systems. What this means:. The EU is trying to reinforce its case against Apple, and the request for more information could indicate that it will soon decide whether the firm is smothering competition.
Article
| May 12, 2023
On today’s episode of The Banking & Payments Show podcast, we discuss the most important banking trends that we expect to see in 2024. We examine the big headlines from our Banking Trends to Watch in 2024 report, such as risky banking as a service partnerships, the social media players pushing the boundaries of banking, the disruption caused by AI and new developments with digital wallets. In a new segment called "Place Your Bets," using a total of 10 points, we allocate points to different trends to predict their likelihood of coming true. Listen to the conversation with guest host Marcus Johnson and our analysts Tiffani Montez and David Morris.
Audio
| Jan 23, 2024
Despite delays, Apple can benefit from its extensive user base and merchant acceptance to build BNPL success.
Article
| Feb 7, 2023
Consumer behaviors will be shaped by continued uncertainty, heightened in an election year, and cultural trends spilling over into commerce (think Krispy Kreme and Ozempic). Retailers that lean into tech advancements and get back to basics will win.
Report
| Dec 14, 2023
Nearly a third of UK adults reported being registered for at least one mobile payments service in 2021, per UK Finance. This is well above usage rates in the US and Canada. And per the same UK Finance report, 16- to 24-year-olds are five times more likely to be registered than those 65 and older. BNPL payment value share will double as older consumers play a larger role.
Report
| Feb 17, 2023
US proximity mobile payment transaction value will grow 32.0% in 2023 to reach $549.47 billion. Generative AI can create personalized messages based on customer data analysis, so customers receive tailored product recommendations, promotions, and payment options. Issuing banks. Issuing banks earned $145.1 billion on credit card interest alone in 2022.
Report
| Feb 24, 2023
Small and medium-sized businesses will account for almost half of the $35 trillion B2B payments market this year. They have been slow to digitize, handing B2B payment providers a unique set of needs to address.
Report
| Feb 26, 2024
Proximity mobile payment penetration will hit a record-high 43.2% of smartphone users this year, according to our forecast. And per-user spending will exceed $5,000 for the first time, thanks to growing acceptance and user experience improvements.
Report
| Feb 28, 2023
And the number of US proximity mobile payment users is expected to hit 99.7 million in 2022, up from 92.4 million last year, per Insider Intelligence forecasts. More consumers are opting for contactless payments as cash use declines and demand for faster transactions grows. Oracle’s new payment solution helps businesses tap into that demand and improve the customer experience.
Article
| Jun 30, 2022
The number of global proximity mobile payment users is expected to hit 1.345 billion in 2022, up from 1.182 billion in 2020, per Insider Intelligence forecasts. QR code-based transactions and tap-and-pay cards are also fueling contactless payment growth. And growing fraud threats have made payment security a major focus for both businesses and consumers.
Article
| May 18, 2022
Apple’s long-teased buy now, pay later service is finally here, but what can it bring to an already crowded table? Our analysts unpack who may use Apple Pay Later and evaluate five of its prerelease features to see how they stack up to consumer demand.
Article
| Mar 31, 2023
Apple’s product strength and established wallet reach will make the solution a prime competitor in a crowded market.
Article
| Mar 29, 2023
It added Apple Pay as a payment option for Advanced Checkout and introduced new features to streamline customer checkout.
Article
| Apr 5, 2023
Amazon and others are rapidly rolling out contactless checkout: While the pandemic sparked interest in contactless technology, the tight labor market could lead more retailers to adopt the tools.
Article
| Apr 22, 2022
On today's episode, we discuss why Zelle (and person-to-person payment apps) are in hot water, which service most Americans use, and how we'll be paying for things in 2026. "In Other News," we talk about the current state of the cryptocurrency crash and the impact Apple Pay Later will have on the buy now, pay later space. Tune in to the discussion with our analysts Jaime Toplin and Adriana Nunez.
Audio
| Jun 21, 2022