Tagged: consumer spending

January 26, 2023 @ 8:16 am By Omar Faridi  |  

Klarna, which claims to be the global leader in the generational shift away from credit cards,  announced the launch of Money Story in the US Klarna App – “a personal spending summary of 2022 that provides millions of consumers with useful insights into their spending… Read More

January 15, 2023 @ 7:57 pm By Omar Faridi  |  

Despite continued inflation and the potential of a recession, 67% of Americans plan to spend either the same or more in 2023 as they did in 2022 “on retail purchases” according to a new survey commissioned by DailyPay and Dollar Tree and conducted online by… Read More

December 31, 2022 @ 7:00 pm By Omar Faridi  |  

According to Mastercard SpendingPulseTM, U.S. retail sales excluding automotive “increased 7.6% year-over-year this holiday season, running from November 1 through December 24.” Mastercard SpendingPulse “measures in-store and online retail sales across all forms of payment and is not adjusted for inflation.” Steve Sadove, senior advisor… Read More

December 22, 2022 @ 5:16 pm By Omar Faridi  |  

According to Mastercard (NASDAQ: MQ) SpendingPulseTM, which measures in-store and online retail sales across all forms of payment, Canadian retail sales, “excluding automotive, increased +3.8% YOY, (+15.6% YO3Y) in November.” While E-commerce sales were :down this month -3% YOY, growth remains strong since pre-pandemic at… Read More

October 20, 2022 @ 5:05 pm By Omar Faridi  |  

PayPal Holdings, Inc. (NASDAQ: PYPL) announced the introduction of PayPal Rewards, a new unified rewards program that gives customers “an easy way to shop, earn, track, save, and redeem rewards and offers all in one place – their PayPal app.” PayPal Rewards “connects PayPal’s merchant… Read More

October 7, 2022 @ 8:11 pm By Omar Faridi  |  

Afterpay (ASX:APT), which claims to be a leader in “Buy Now, Pay Later” (BNPL) payments, introduced a new payment solution that gives consumers even more choice, flexibility and time “to pay, with transparent terms to support responsible spending – just in time for the busy… Read More

September 18, 2022 @ 9:37 pm By Omar Faridi  |  

This holiday season, U.S. retail sales excluding automotive are “expected to increase 7.1% year over year,” according to the Mastercard SpendingPulse annual holiday forecast. Mastercard SpendingPulse “measures in-store and online retail sales across all forms of payment.” It is “not adjusted for inflation.” The holiday… Read More

September 3, 2022 @ 11:40 am By Omar Faridi  |  

The economy is facing massive disruptions: inflation, great resignation, and possible recession, among others. This has driven customers to switch financial institutions at a click of a button, looking for the ones that provide them the most benefits and help with their financial health. However,… Read More

August 29, 2022 @ 1:37 pm By Omar Faridi  |  

Buy Now, Pay Later (BNPL) plans have taken over as a “popular” financing option for consumers, partly due to “an increase in online shopping demands during the pandemic,” the TrueAccord team notes in a blog post. In 2021, Americans “spent more than $20 billion through… Read More

April 19, 2022 @ 9:49 pm By Omar Faridi  |  

Buy Now, Pay Later (BNPL) is gaining prominence and emerging “as an alternative credit tool for consumers in Australia, with tech-savvy millennials especially using the service,” according to a report from GlobalData, a data and analytics firm. BNPL offers clients with the flexibility or option… Read More

December 9, 2021 @ 7:48 am By Omar Faridi  |  

Klarna, an international retail bank, payments, and shopping service, has announced the launch of the Klarna browser extension, which had been in “beta testing with over 100,000 consumers.” The extension enables consumers to “shop with Klarna’s flexible payment options on their desktop at every online… Read More

November 30, 2021 @ 9:53 pm By Omar Faridi  |  

Slice, a Fintech platform that provides card-based products to younger Indian consumers to help them build a solid credit score, has secured $220 million in capital via a Series B round that values the business at more than $1 billion. Slice‘s investment round has been… Read More

November 29, 2021 @ 10:32 pm By Omar Faridi  |  

Affirm (NASDAQ: AFRM) notes that with supply chain blockages leading to new challenges every day, you might be facing difficult decisions regarding increasing prices while preserving margins. Although significantly higher prices might discourage customers just as the holiday shopping season arrives, you could soften the overall… Read More

November 23, 2021 @ 8:06 am By Omar Faridi  |  

One in every two UK residents is reportedly looking to give up their credit card completely for  Christmas shopping in 2021, with two-thirds or 66% of credit card holders saying they want to avoid having to pay excessive credit card interest. Even though credit cards… Read More

November 7, 2021 @ 10:52 pm By Omar Faridi  |  

Fintech app Plentina, a Buy-Now-Pay-Later (BNPL) platform for consumers residing in the Philippines, has reportedly teamed up with Shopee. Residents of the Philippines are able to download the Plentina app and acquire loans for vouchers to buy products via the Shopee app. Plentina’s management noted… Read More

October 14, 2021 @ 8:47 am By Omar Faridi  |  

Creditspring, a subscription loan provider, has introduced Step, which is a new credit builder product that assists members with enhancing their credit score without dealing the risk of acquiring additional debt. With new Creditspring research confirming that more than a quarter (28%) of 18-34-year-olds are… Read More

October 10, 2021 @ 6:34 pm By Omar Faridi  |  

Visa (NYSE: V), the leader in virtual payments, recently announced the expansion of Visa Installments in Australia in partnership with ANZ (ASX: ANZ), which is one of the nation’s largest financial institutions, and merchant payment provider Quest. As mentioned in a release, the Visa solution… Read More

October 5, 2021 @ 7:43 am By Omar Faridi  |  

A significant 92% of consumers given Earned Wage Access (EWA), a service that allows people to get paid as they earn, said that it helped them to settle bills on time, “avoid overdraft fees and payday loans, and become less dependent on credit cards –… Read More

July 15, 2021 @ 8:00 am By Tony Zerucha  |  

Data released this week by TradingPlatforms.com shows the growing influence of digital commerce in Europe. The research authors defined digital commerce as all consumer transactions made via the Internet directly relating to online shopping for products and services, with payments made through providers like PayPal… Read More

July 13, 2021 @ 7:14 pm By Omar Faridi  |  

“Have it your way” was the slogan that fast food joint Burger King adopted back in 1974 as a way to try to stand out or differentiate themselves from competitors while capitalizing on the “appeal of personalization,” the Affirm team writes in a blog post…. Read More