consumer payments

New Report: What’s in Gen Z’s Mobile Wallet?
New Report: What’s in Gen Z’s Mobile Wallet?
June 20, 2024  |  Digital Payments

Consumers are embracing digital wallets, and more than 70% of consumers globally now use one. In fact, many consumers have stored credentials and used a...

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5 Big Ideas: Making the Case for Instant Payments
5 Big Ideas: Making the Case for Instant Payments
June 19, 2024  |  Faster Payments

In recent years, instant, P2P payments have seen a surge in adoption, emerging as a popular method for consumers to receive funds and make personal...

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42% of Low-Income, Younger Consumers Use Debit Cards When Grocery Shopping
42% of Low-Income, Younger Consumers Use Debit Cards When Grocery Shopping
May 31, 2024  |  Consumer Payments

A wide variety of consumers across income levels and ages are showing a preference for paying for purchases with cash and debit cards, likely in...

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Lack of Payments Choice Risks Higher Cart Abandonment on Online Brand Sites
Lack of Payments Choice Risks Higher Cart Abandonment on Online Brand Sites
February 29, 2024  |  eCommerce

Cart abandonment, a key element of increasing online conversion, poses a significant challenge for online marketplaces, retailer and brand sites. This issue is increasingly worrisome...

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Consumers Need Incentives to Pick Pay-by-Bank Options
Consumers Need Incentives to Pick Pay-by-Bank Options
December 18, 2023  |  Retail

Account-to-account (A2A) payments do just what the name implies: transfer funds between bank accounts in near real time. These payments have gained traction in recent...

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Venmo Debuts Feature for Managing Group Expenses
Venmo Debuts Feature for Managing Group Expenses
November 14, 2023  |  Payment Methods

Venmo has unveiled a new in-app feature that aims to streamline splitting and managing expenses among groups. The new Venmo Groups provide users with a convenient...

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Expensify Ventures Into Personal Payments With New App
Expensify Ventures Into Personal Payments With New App
October 23, 2023  |  Payment Methods

Expensify says it has made its first venture into the personal payments space with its new app. The firm says its new offering, announced Monday (Oct. 23), is...

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Visa and Mastercard Shares Take a Hit as Fed Weighs Fee Reduction
Visa and Mastercard Shares Take a Hit as Fed Weighs Fee Reduction
October 18, 2023  |  Consumer Payments

Shares in Visa and Mastercard took a hit on Wednesday (Oct. 18) as news broke that the Federal Reserve is expected to propose a reduction in the fees banks can charge retailers for...

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Two-Thirds of Consumers Charged Summer Travel on Their Credit Cards
Two-Thirds of Consumers Charged Summer Travel on Their Credit Cards
September 01, 2023  |  Credit Cards

Travel rose this summer despite ongoing economic uncertainty and inflationary pressures. PYMNTS’ data finds that consumers planned to travel just as much or more this...

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