Digital payments are quickly becoming the new normal worldwide, with more than $6.6 trillion in digital payments expected to crisscross the globe this year. This growth is not likely to slow down anytime soon, with a projected increase to $10.5 trillion in value within the...
Consumers grew more adventurous with their payment choices in 2020, leaving behind the predictability of paper checks and cash transactions for digital-only mobile wallets and peer-to-peer (P2P) mobile apps. Sixty-two percent of consumers have adopted at least one such payment app, according to one survey,...
Offering loyalty points or other incentives is a tried-and-true tactic to help merchants retain lasting customer loyalty. Doing so in a world where consumers not only have their pick of businesses, but their pick of payout options, can be difficult, however. It is no longer...
Consumers and businesses alike are taking steps to optimize their cash flows as the U.S. economy recovers from the pandemic, with consumer spending having leveled out in recent months. Businesses are taking steps to ensure their products and services stand out to individuals who may...
Once social distancing, retail closures and other health-related changes became part of daily life for individuals worldwide, it did not take long for them to adjust their purchasing habits to match the new normal. Consumers of all ages began looking for payment methods that enabled...
Peer-to-peer (P2P) payments have demonstrated extraordinary growth in the U.S. over the past 17 months, and this trend is expected to continue. Consumers of all ages have embraced P2P payments as their financial lives have undergone immense changes during the pandemic and as financial institutions...
As a growing number of consumers use peer-to-peer (P2P) payments, word-of-mouth has become one of the best advertisements for the technology. A multitude of P2P users are tapping these platforms to send funds, giving the potential recipients who have not yet joined further incentive to...
Video gaming is just the tip of the iceberg when it comes to eSports, which has become a big global business — a form of rivalry in which supremely skilled players are rewarded with cash prizes. Those eSports firms support competitive versions of multiplayer games...
As casinos get back to normal with in-person gaming, consumers are unwilling to leave their new digital habits at the door. But as Rick Hutchins, senior vice president of casino operations at Resorts World Las Vegas, told PYMNTS’ latest Disbursements Tracker, mobile apps that can...
