The Debit and P2P Landscapes Continue to Change with Consumer Behavior
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New report from Mercator Advisory Group’s 2020 North American PaymentsInsights survey finds U.S. consumers are altering the way they use debit cards and P2P payments to meet the shifting marketplace.
One of the exhibits in this report. BOSTON (PRWEB) January 06, 2021 Mercator Advisory Group’s most recent consumer survey report, 2020 North American PaymentsInsights: Debit – Continued Change, from the bi-annual North American PaymentsInsights series, takes an in-depth look at U.S. consumers’ current attitudes and behaviors with regard to debit cards and P2P payments.
While the data from this survey indicate a decrease in the number of debit users, actual debit card volume is increasing in the pandemic era.
21 December 2020, 11:26 pm EST By
Two electronic payment players namely PayPal Holdings and Square are now clashing in a race towards improving digital wallet apps. The contest could have a major effect on both Square and PayPal stock for the upcoming year and beyond.
PayPal adds new features
Two of the most popular payment companies are now marketing apps that allow its users to shop and receive discounts, make installment payments, and even buy cryptocurrencies. Both of the companies are now competing within the digital wallet space against other tech giants like Apple, Amazon, and even Alphabet s Google. The competition also includes a number of other feisty financial tech startups.
PayPal Stock Outlook: Digital Wallet Battle Versus Square To Heat Up investors.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from investors.com Daily Mail and Mail on Sunday newspapers.
In the time these new investors accelerated their buying spree, bitcoin s price more than doubled from $10,000 level. The new demand has helped fuel the cryptocurrency s rally to an all-time high, according to Philip Gradwell, chief economist at Chainalysis. The role of institutional investors is becoming ever clearer in the data, Gradwell said in a note to clients Friday. Demand is being driven by North American investors on fiat exchanges, with greater demand from institutional buyers.
The surge in demand from wealthy Wall Street investors marks a sharp turn-around from bitcoin s first run-up three years ago. The 2017 rally was driven by retail investors, many of whom who bet on bitcoin and other smaller cryptocurrencies out of speculation. Bitcoin became a household name when it first neared $20,000 that year. It crashed soon after, losing 80% of its value in the following months.
PayPal Stock Hits New High As E-Commerce, Bitcoin Trading Rally Continues investors.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from investors.com Daily Mail and Mail on Sunday newspapers.