Page 33 - Bi Intelligence News Today

More than three-quarters of consumers in the country are ditching physical wallets for mobile payments.

Industry trade groups fear that a CBDC would shrink deposits at private banks and hinder banks' ability to offer credit.

Buy now, pay later (BNPL) users tend to be younger and higher-risk customers compared with general borrower demographics, a TransUnion survey found.

Neobanks must shift their focus from adding new customers and products to meeting increasing customer service needs.

Stripe partnered offers crypto payments via OpenNode and launched Stripe Apps and Stripe App Marketplace.

Chase has attracted half a million customers since September. But it's projected to lose $450 million this year.

Block inked a deal with restaurant delivery software provider VROMO to help streamline food delivery for Square restaurants in the US.

Data-transfer platform Plaid has added customer identification and fraud detection to its technology stack.

Despite coming off a record year of funding, most neobanks remain unprofitable, according to a report from Simon-Kucher & Partners.

GoParrot helps restaurants set up and manage online ordering and payments and can strengthen the Square for Restaurants suite.