Payments

Venmo launches instant transfers to US bank accounts

  • Venmo users get added functionality.
  • But more importantly, Venmo is still searching for a road to monetization.
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Payments

The shifting EWA regulatory framework and its impact on bank partnerships and instant payment adoption

  • The Earned Wage Access terrain is anything but predictable and straightforward.
  • Recent regulatory shifts raise questions about banks expanding partnerships with EWA providers and if they might hinder the potential rise in instant payment adoption, particularly among regional banks.
Sara Khairi | March 27, 2024
Business of Fintech, Payments

Stripe hits the golden $1 trillion payment volume benchmark

  • It seems like $1 trillion is the new hot number. Recently Zelle said that it is on track to reach the $1 trillion payment volume mark this year, and now Stripe says that it too has crossed the payment volume benchmark.
  • Stripe's annual letter shows that the company had a good year, from its payment volume rising by 25% to its success with startups through its Atlas product.
Rabab Ahsan | March 21, 2024
Payments

‘One can’t just live in the deposit and debit space, Gen Z will need access to credit at some point in their lives’: Mastercard’s Bunita Sawhney on Gen Z’s debit-to-credit transition

  • In the wake of Gen Z's digital influence, financial firms are tasked with modernizing their offerings to captivate and retain this demographic's attention, while also addressing their unique needs and preferences.
  • At Tearsheet's recent Gen Z Symposium, Mastercard's Bunita Sawhney shared how the payments firm is tackling this challenge by forging partnerships to modernize its approach, increase stickiness, and meet the needs of the largest generation.
Sara Khairi | March 21, 2024
Member Exclusive, Payments

Payments Briefing: Deciphering Remitly’s profitability playbook with Matt Oppenheimer

  • Remitly is striking the right chords with its growth strategies, as evidenced by its strong performance in the final quarter and full-year results of 2023.
  • CEO Matt Oppenheimer discusses how Remitly differentiates itself in the competitive money transfer market and the role of effective marketing in driving profitability.
Sara Khairi | March 13, 2024
Payments

Say goodbye to Google Pay

  • Google is shuttering its Google Pay app in the U.S. announcing that its users will have until June 4th, 2024 to move their funds. 
  • While Google hasn't given any explanation as to why its discontinuing Google Pay, we try to unpack the announcement to arrive at a few reasons why this may have happened.
Rabab Ahsan | March 04, 2024
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