Tagged: consumer spending

February 2, 2021 @ 8:01 am By Omar Faridi  |  

Payments platform Adyen (AMS:ADYEN) recently examined the major shifts that are shaping the North American payments space (from the experts at Google Pay, GoFundMe, and Adyen). Adyen noted that in October 2020 they virtually welcomed merchants and payments experts for discussions during the Payments Decoded… Read More

January 31, 2021 @ 7:40 pm By Omar Faridi  |  

Like many aspects of our daily lives in the 21st century, the COVID-19 outbreak is affecting consumers’ spending habits. The Coronavirus crisis may have led to permanent changes in consumer behavior, including the manner in which we acquire the products and services we need. When… Read More

January 23, 2021 @ 7:29 pm By Omar Faridi  |  

The COVID-19 outbreak has led to the increased adoption of contactless payments as one of the preferred ways to settle transactions in the United Kingdom, now representing around 90% or 9 in 10 of all eligible card transfers (as of 2020). The most significant milestone… Read More

January 22, 2021 @ 9:54 pm By Omar Faridi  |  

The team at Venmo, a mobile payment service created by PayPal, notes that their platform began as a social peer-to-peer payments tool for friends and family members to split their meal or share an “unforgettable experience.” The Venmo team confirms that several years ago, they… Read More

January 22, 2021 @ 7:31 am By Omar Faridi  |  

It’s undoubtedly been a very challenging environment for retailers, however, looking ahead to the rest of 2021, UK-based Flux (which itemizes digital receipts that are “delivered straight to your banking app”) says it believes there are some “real” potential opportunities to take take advantage of,… Read More

January 20, 2021 @ 12:44 am By Omar Faridi  |  

Buy Now, Pay Later (BNPL) services are being widely-adopted in Southeast Asia. BNPL service providers allow consumers to pay for products via flexible instalment plans. Major Fintechs offering BNPL options in the Southeast Asian region include Grab, GoJek, Razer, Oriente, among others. BNPL lets people… Read More

January 5, 2021 @ 10:14 pm By Omar Faridi  |  

Agoda, a fast-growing online travel platform, has teamed up with Singapore-based Buy Now, Pay Later (BNPL) platform Atome in order to provide flexible instalment plans for accommodation bookings. These payment options will first be offered in Singapore and Malaysia, and then rolled out to several… Read More

December 21, 2020 @ 9:27 pm By Omar Faridi  |  

Grant Halverson, CEO and MD at McLean Roche Pty Ltd, has noted that Fintech-related risk has increased dramatically this year and has been “aided by ‘free’ central bank money, exuberant VCs, private equity and run away share markets.” Halverson pointed out that Australian Buy Now,… Read More

December 3, 2020 @ 9:20 pm By Omar Faridi  |  

San Francisco-based Digit, a financial management and savings company, recently added an automated investing tool to its app. Digit describes itself as a financial wellness expert that has assisted its customers with automatically saving around $5 billion and paying down more than $150 million in… Read More

November 28, 2020 @ 3:42 pm By Omar Faridi  |  

A new survey from Capco has revealed that consumers must receive proper information and educational materials so that they can responsibly use Buy Now, Pay Later (BNPL) platforms and services. According to the study, BNPL services must also be regulated properly. Capco’s research found that… Read More

November 18, 2020 @ 10:17 pm By Omar Faridi  |  

JPMorgan Chase (NYSE:JPM), the largest bank in the US and sixth-largest in the world in terms of assets, is reportedly planning to enter the rapidly evolving Buy Now, Pay Later (BNPL) market. Chase revealed that it will be offering its credit card customers the option… Read More

October 30, 2020 @ 9:28 am By Omar Faridi  |  

Alliance Data (NYSE: ADS), an established payments, marketing, and loyalty company, has reportedly agreed to a $450 million stock and cash acquisition of Bread, a popular Buy Now, Pay Later (BNPL) firm. According to a release, the transaction is valued at around $450 million, of… Read More

September 27, 2020 @ 4:18 pm By Omar Faridi  |  

Retail spending and activity levels in India have now recovered to around 90% of pre- COVID-19 levels after dropping to around 55-65% of their average back in April 2020. The pace of the adoption of digital services across major channels has accelerated due to the… Read More

September 19, 2020 @ 3:10 pm By Omar Faridi  |  

Visa (NYSE: V), the global leader in digital payments, recently published the results of its survey which aimed to assess the impact of COVID-19 on consumer behavior in Pakistan. Visa’s Stay Secure survey reveals Pakistani consumers’ general views about conducting digital transactions, their preferences and… Read More

September 15, 2020 @ 7:51 pm By Omar Faridi  |  

The online or digital lending sector has been criticized for its inability to scale effectively or to be able to endure challenging environments like those created due to COVID-19. However, it now appears that overall credit quality, through online lenders, has performed better than some… Read More

August 20, 2020 @ 10:45 pm By Omar Faridi  |  

The COVID-19 outbreak and nationwide lockdowns in India have forced many local residents to re-evaluate how they conduct business and manage their finances. An analysis performed by ETMoney reveals that the overall spend by India’s residents between March and June 2020 dropped by around 40%,… Read More

August 5, 2020 @ 1:22 pm By Omar Faridi  |  

Current, an established US-based banking challenger serving Americans “overlooked” by traditional banks, revealed on August 4, 2020, that it is launching a points rewards program for all its members. Current claims that it’s now the first US mobile bank to offer points rewards on purchases… Read More

July 23, 2020 @ 11:32 pm By Omar Faridi  |  

Affirm,  a point of sale credit provider that is currently working with over 2000 merchants, has teamed up with digital commerce marketplace, Shopify, to offer “Buy Now, Pay Later” installment options for merchants. Approved “Shop Pay” customers will have the option of splitting their total… Read More

July 15, 2020 @ 9:50 pm By Omar Faridi  |  

Payments giant Visa (NYSE: V) is reportedly set to enter the emerging installment payments sector. Visa’s management said the firm is currently working with several partners on various initiatives in the US. Installment payments, where consumers at the point-of-sale are able to pay off their… Read More

June 7, 2020 @ 6:58 pm By Omar Faridi  |  

Stuart Sopp, founder and CEO at digital bank Current, says that the COVID-19 outbreak has shown how his company serves employees whose roles are considered essential during the global pandemic. Sopp told Banking Dive that his members’ addressable market has increased considerably in size and… Read More