蘑菇AV

Wonder buys Grubhub for $650 million: The Marc Lore-owned company snapped up the delivery service at a steep discount, seeking to develop a meal-time super app.

I thought this is the proximity payments generation and now what they really want is cash. Help me. Tiffani Montez:. They want to cash out their Venmo app is what they want. Rob Rubin:. Is that right? Tiffani Montez:. No. Rob Rubin:. I don't know. Tiffani Montez:. I mean, I don't know. Lauren Ashcraft:.

This holiday season, young people aren鈥檛 using buy now, pay later or mobile payment apps en masse. Debit cards are more common, used by 41% of Gen Zers, followed by credit cards and cash, according to TransUnion. Four in 5 Gen Zers will shop via social this holiday season, even though they may not purchase directly through the apps.

The news: TikTok has been testing new ad formats, first with on-screen stickers promoting the Super Bowl and then with the recent launch of TikTok Trivia, a livestreamed event where viewers can win cash prizes for correct answers. The events have their own pages within the app that users can access by clicking on a sticker at the top-left of the screen.

With the authorization, it will launch its app alongside domestic and multi-currency cards in 2025. The bigger picture: Revolut is rapidly growing its mix of products and services. But it also wants to diversify geographically鈥�93% of Revolut鈥檚 2023 revenue came from Europe. Last year, it launched in New Zealand and Brazil.

Digital payments eliminate the need for cash or credit cards in-store. Consumers are rapidly adopting in-store digital payments. Adoption of retail app payments, Apple Pay, and BNPL for in-store payments has steadily increased over the past three years, according to our Bizrate Insights survey.

Restaurants can also use third-party integrations with several property management systems (PMS) and online ordering apps like DoorDash through SkyTap鈥檚 built-in Marketplace. Why it鈥檚 worth watching: Declining cash use and higher demand for vertical-specific offerings have led payment providers like Block and Adyen to invest more in restaurant solutions.

What it means: Cash will account for nearly a quarter (24.8%) of all US in-store retail food and food services in 2024, however, its share will shrink by 2.6% next year, according to our August 2023 forecast. Retailers should lean into the shift鈥攊n addition to offering diverse payment options, they can incentivize card purchases through loyalty programs or mobile apps.

How we got here: Multiple users posted videos of Chase customers allegedly standing in line to deposit their checks and withdraw cash, calling the move a 鈥渉ack.鈥� Another video showed a customer who鈥檇 used the hack with a wad of cash in their hands. This isn鈥檛 the first time TikTok has influenced the behavior of banking customers. Recently, social media has helped lead Gen Zers back to cash.

Robust features on brand mobile apps drive loyalty. E.l.f. Cosmetics鈥攔anked the most popular cosmetics brand among US teens in Piper Sandler鈥檚 Fall 2022 study鈥攈as 4 million members on its app鈥檚 loyalty program. Members can use the app to gain points and redeem them for rewards, such as cash deposits to Venmo accounts and NFTs.

Both apps see user spikes in light of Trump鈥檚 win and Musk鈥檚 divisive moves, signaling an appetite for other social media models and the potential for new advertising platforms.

Mobile banking app tools that allow Gen Zers to automate saving toward specific goals could resonate well with young consumers. And as we鈥檝e covered recently, they鈥檇 appreciate being able to see an aggregate view of their financial health when using mobile banking apps. FIs that can offer these capabilities should let young consumers know about them in their marketing campaigns.

One of the biggest changes ChatGPT鈥檚 launch brought about was that it turned a behind-the-scenes tech powering corporate-wide rollouts into a consumer-facing app. Suddenly AI, which had been a vague concept for most people for years, was now directly delivering results to users within seconds.

And the bank uses AI to offer automated spreadsheets, aggregated data, scored applications, and document packages. It also plans to offer SMBs the ability to forecast cash flows across accounts and perform competitive benchmarking. Largest share of budget: Radio works best in the Washington, D.C. and Baltimore metropolitan markets during work-week commuting drive time.

颁辞蝉尘别迟颈肠蝉鈥� mobile app for its Beauty Squad program incorporates two features: receipt scanning for non-app purchases, to ensure that members can obtain rewards wherever they shop for the brand鈥檚 products; and an innovative personalized reward system with options including cash payouts via Venmo or PayPal and gift cards from Chipotle, Amazon, Target, and others.

Ultrafast delivery app downloads exploded worldwide during the pandemic. The top 10 apps in this space were downloaded 23.1 million times collectively in Q1 2022, according to Apptopia. Getir leads by a wide margin, ahead of rivals like Gopuff and Gorillas.

What it means: Gen Z consumers are cash-strapped but aren鈥檛 slowing down on holiday purchases, even if it鈥檚 not financially wise. Retailers should use deals and discounts to attract Gen Z consumers looking for affordable gifts. 3. TV boosts Cyber Monday ads.

Instead, Venezuelans will send physical cash into the country by mail or someone traveling to the country. Some people also use third parties who have access to payment apps like Zelle, and others rely on crypto payments. The sector is largely informal because political tensions and past currency controls have severed Venezuela鈥檚 relationships with foreign banks.

The up-and-coming shopping app Temu made waves with its Super Bowl ad debut this year, airing its 30-second spot with a cheery 鈥淪hop Like a Billionaire鈥� tagline several times on Fox during and after the broadcast of the big game. Here鈥檚 what you need to know.

Merchants can now accept Apple Pay, contactless credit and debit cards, and other digital wallets using only an iPhone and a partner-enabled iOS app, without the need for additional hardware of payment terminals. PayPal has struggled to crack proximity mobile payment.

People still turn to cash above all other payment methods for in-person transactions of $25 or less鈥攚hich means customers need to withdraw it from their FIs. More than half of consumers under the age of 49 withdraw cash from ATMs eight to 10 times per month.

础尘补锄辞苍鈥檚 mobile app, meanwhile, had an average of 46 million users daily in July 2023, while Temu鈥檚 app had around 17 million daily users, per GWS. But Temu's rapid ascendancy could prove disruptive. Its ultra-low prices on a wide range of products, mostly shipped direct from Chinese factories, are proving attractive to cash-strapped US consumers.

This sixth annual study ranks mobile app capabilities across 20 US financial institutions on 42 emerging features, weighted by consumer demand.

Companies inside of the ecommerce landscape (such as Chase and PayPal) and outside (including Planet Fitness and Uber) have seen the meteoric rise of retail media and wanted to cash in, Willens said.