Earlier hopes of three rate cuts in the year are dwindling to uncertainty over whether any cuts will materialize at all.
The impact of sustained higher rates has already permeated banks’ NII as borrowing by businesses and consumers declined, coupled with higher funding costs for banks. Conversely, consumers are grappling not only with expensive borrowing costs but also with a significant portion experiencing loan rejections.
Klarna is the latest player in the US market to introduce a new card offering and open its waitlist to American consumers.
Klarna's credit card has the potential to find a stronger appeal among Millennials and Gen Z, who happen to constitute the largest segments within Klarna's US customer base.
Walmart is leveraging its fintech arm One to offer BNPL options to its customers, competing with existing players like Affirm, which already offers pay in four options in Walmart stores.
The entry of retail brands like Walmart into financial services could compel dedicated fintechs to offer more attractive financing options to maintain market share, while also allowing Walmart to deepen its customer relationships, particularly with younger consumers.
Launching a card today requires clear planning, focused execution, and ongoing testing to make a card program really successful.
Join executives from Galileo, FNBO, and DailyPay as they discuss a playbook for successful card launch based on years of hard-earned experience and expertise.
Block is under the legal microscope, adding to a series of investigations the firm has faced in recent years.
Considering these circumstances, the question emerges: How Dorsey can adeptly navigate a host of challenges while simultaneously propelling business growth.
