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Cash App, PayPal, and Venmo let users pay in-store with QR codes, but that has not spurred widespread in-store use. Forging partnerships with mobile proximity payment leaders could help. PayPal and Venmo cardholders can now transact through Apple Pay, and Venmo cards and PayPal accounts are now supported in Google Wallet. Apple Pay leads on engagement and features鈥攂ut regulation looms.

After a challenging Q1, PayPal looks to be shifting its strategy to focus on high-growth areas. Business areas like Xoom might not fit.

PayPal rolled out its own stablecoin, PayPal USD (PYUSD), and Revolut is reportedly preparing to launch one as well. Stripe also began supporting stablecoin payments this summer. Our take: Consumers lack incentives to adopt stablecoin payments, but there is a strong argument for stablecoins to be used in business and commercial payments.

PayPal. Stripe. TikTok. Visa. Worldpay.

PayPal. PYMNTS.com. Shopify.

PayPal. PYMNTS.com. The Points Guy. TikTok. US Census Bureau.

Its TPV grew 9% YoY, down from 23% a year ago. PayPal hopes to reinvigorate growth with cost restructuring and innovation efforts.

Last week, PayPal Ads formally launched at Advertising Week New York, leveraging first-party data from 400 million users and 225 billion transactions to offer advertisers cross-merchant and market share insights. Why it matters: As third-party cookie policies change, brands are seeking more control over their data usage to pave the way for targeted marketing, insights, and personalization.

In response to market uncertainty, PayPal is pushing further into checkout to grow its in-store traction.

Through a multiyear agreement, PayPal will become Live Nation鈥檚 preferred payment partner.

Visa+ will connect Venmo and PayPal before expanding to other wallets. Here's what it means for P2P apps.

US adults are fairly evenly split on using mobile payment apps online versus in-store鈥攅xcept with PayPal, where 36% of users use the platform online most often, compared with 29% of users who use the app in-store, according to CivicScience.

Discover the dynamic shift toward digital wallets in the US and the UK in the latest podcast episode of "Behind the Numbers: The Banking & Payments Show." Delve into the compelling discourse on how younger generations' move to digital is rendering traditional wallets obsolete. Join host Rob Rubin, our US-based analyst Tyler Van Dyke, and UK-based analyst Carina Perkins as they unravel trends in digital transactions for dining, shopping, and ID verification. In the "For Argument's Sake" section, we dissect the fierce competition for market dominance among industry giants like Apple and Google, established players like PayPal, rising star Paze, and potential disruptors. Tune in for a forward-looking conversation and hit subscribe for the latest insights. Key insights: - Youth-led shift: Analysis reveals a robust trend among younger consumers pivoting to digital wallets for everyday activities, indicating a cultural and technological shift. - Market dominance debate: We uncover the strategic moves by tech titans and emergent challengers vying to capture the largest share of digital wallet users. - Cross-Atlantic perspectives: Insights from US and UK analysts present a diverse view on the adoption of digital wallets, offering a broader understanding of the global digital economy.

The US-based payments player launched the PayPal USD (PYUSD) stablecoin in 2023. But a year in, adoption of the stablecoin remains limited. Revolut will likely face similar challenges. Our take: Revolut鈥檚 stablecoin may also face a profitability challenge given its timing.

The bigger picture: PayPal is trying to grow鈥攁nd monetize鈥擵enmo. To do so, it鈥檚 been pushing the Venmo Debit Card and Pay with Venmo: Monthly active users for both products grew about 30% YoY in Q2 2024. Over the past year, it鈥檚 also launched new features like Venmo Teen or Venmo Groups.

Paze could therefore cut into the market share of other digital wallets like Apple Pay or PayPal. Paze鈥檚 features will also likely become the new norm among wallets, forcing competitors to innovate to keep up. Our take: While Paze鈥檚 rollout is taking longer than we anticipated, its impact on the industry will still be impressive. It will become a fierce new competitor for Apple Pay and PayPal.

81% of US adult digital shoppers review return policies before making a first-time purchase, and 55% will abandon their cart if return policies aren鈥檛 convenient, per a Happy Returns report commissioned by PayPal.

Bank of America, JPMorgan, and other banks are creating a digital wallet to compete with Apple Pay and PayPal鈥攂ut there鈥檚 one catch.

That鈥檚 why PayPal, Venmo, Cash App, Apple Pay, Google Pay, and Samsung Pay are quickly introducing novel features鈥攐r quickly copying ones from competitors. The pace of commerce management feature innovation is reaching a frenzy. Six months ago, we identified four emerging features that digital wallets could add to centralize purchasing within consumers鈥� wallets of choice:.

The complaint alleges that Visa feared that digital platforms like Apple Pay, PayPal, Square, and Cash App had 鈥渘etwork ambitions鈥� that could disintermediate the payments network. Visa saw Apple Pay, specifically, as an 鈥渆xistential threat鈥� to its debit business.