PYMNTS-MonitorEdge-May-2024

consumer finance

CUs’ Sitting on Valuable Crypto Asset — the Ability to Educate
CUs’ Sitting on Valuable Crypto Asset — the Ability to Educate
August 17, 2022  |  Credit Unions

Cryptocurrencies’ popularity has soared since their introduction in 2008, achieving record growth last year. PYMNTS’ research shows that the share of consumers who held crypto...

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Dermadry on Utilizing BNPL to Finance Big-Ticket Purchases
Dermadry on Utilizing BNPL to Finance Big-Ticket Purchases
August 11, 2022  |  BNPL

New data shows that 71% of BNPL users making more than $100,000 per year increased their use of BNPL in the last year. In the...

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NEW DATA: Buy Buttons Save Consumers 148 Million Hours Each Year at Checkout
NEW DATA: Buy Buttons Save Consumers 148 Million Hours Each Year at Checkout
August 11, 2022  |  eCommerce

Merchants are adding buy buttons— shortcuts to check out via a payment platform that skips the typical “add-to-cart” and payment steps — more quickly than...

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71% of Affluent BNPL Users Increased Their Use in Last 12 Months
71% of Affluent BNPL Users Increased Their Use in Last 12 Months
August 10, 2022  |  BNPL

Buy now, pay later (BNPL) services have become a way of life among younger generations and lower-income consumers in the past few years, with their...

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53% of Consumers Say They Are Financially Worse Off Than Last Year
53% of Consumers Say They Are Financially Worse Off Than Last Year
August 05, 2022  |  Connected Economy

Inflation runs rampant, at levels not seen in decades.   Earnings reports continue to roll in, complete with cautious management commentary: Though consumers are still spending,...

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2 in 3 Paycheck-to-Paycheck Consumers Prefer to Pay Drs. With Credit
2 in 3 Paycheck-to-Paycheck Consumers Prefer to Pay Drs. With Credit
August 04, 2022  |  Connected Economy

What can payments preference tell us about differences in healthcare consumers? In basic terms, those on a solid financial footing stick to the familiar —...

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Mastercard Report Shows Consumer Spending Up 11.2% in July
Mastercard Report Shows Consumer Spending Up 11.2% in July
August 04, 2022  |  Consumer Payments

Retail in-store and online consumer spending excluding automotive increased 11.2% year-over-year (YOY) in July across all payment types, with demand and higher prices both contributing...

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JCPenney Gets Extreme Makeover With Assist From Shoppers’ Smartphones
JCPenney Gets Extreme Makeover With Assist From Shoppers’ Smartphones
August 04, 2022  |  Retail

Hailing from the dawn of modern retailing, JCPenney (JCP) is reinventing itself as a slimmed-down digital-savvy merchant, connecting with customers by creating seamless journeys and...

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New Data: Mobile Shopping Still Underutilized by UK Consumers Despite Merchant Efforts
New Data: Mobile Shopping Still Underutilized by UK Consumers Despite Merchant Efforts
August 03, 2022  |  Shopping

United Kingdom shoppers have yet to fully realize the power of the smartphone, as brick-and-mortar shoppers in the country use smartphones 16% less than consumers...

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