Subscribe to The Financial Brand via email for FREE! It’s ten years since Venmo was founded, and global adoption of digital payments continues to scale rapidly, with $62 billion processed in 2018. We are continuing to see changes in consumer behavior, particularly how consumers work with their financial institutions.
Source: How BankMobile Uses Artificial Intelligence to Streamline Key Functions
Merchant holdouts are finally warming to the likes of Apple Pay, years after the mobile wallet’s launch. Competitive offerings have also flourished from mobile operating systems and phone providers.
Source: 5 trends driving growth of digital wallets | PaymentsSource
Large banks are aiming to create spaces that provide technical support, financial advice and in some instances, cappuccino.
Source: Banks Bring Coffee Shops To New Branches | PYMNTS.com
The payments industry needs to make adjustments based on the needs of their customers, whether related to age, geography or other factors.
Source: From channel to consumer: humanizing payments | Mobile Payments Today
After student loan debt, credit card debt is one of the main financial anchors holding consumers back, preventing them from getting ahead.But a new sur
Source: One in five consumers don’t know if they have credit card debt
UK consumers are increasingly taking advantage of the wide range of payment choices available to them. And that’s incredibly exciting for the future of networks such as cryptocurrencies,
Source: Consumers’ pick ‘n’ mix payments approach is great news for crypto, temtum – Coin Rivet
Consumers’ willingness to share data with health insurers bodes well for US payers, which have made integrating data from wearables an area of focus.
Source: US consumers are willing to share data with health insurers – Business Insider
Tally Save is designed to motivate users to save by letting them earn points they can redeem for gift cards to 50 of the largest U.S. retailers including Amazon, Whole Foods, Target, and Starbucks as well as services like Uber or Airbnb.
Source: Tally Launches App That Rewards Saving, Not Spending on Cheddar
Will Facebook’s plans to introduce ‘GlobalCoin’ next year result in a surge of new cryptocurrency offerings? Many experts believe so, and here’s why.
Source: Could a New Wave of Cryptocurrencies Be on the Horizon?