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TikTok parent Bytedance has a strong track record of ecommerce success with Douyin, TikTok鈥檚 sister app, in China; over 10 billion items were sold on the platform in the fiscal year that ended April 2022 and gross merchandise value increased 320% year-over-year (YoY) in the same period, the company said.

We believe this will be especially true among cash-based micromerchants, such as food cart operators and kiosk-based or farmers market merchants. Giving their customers additional payment methods鈥攚ithout absorbing hardware costs鈥攃ould help these businesses attract more customers.

The app is also considering allowing creators to paywall content. But will it work? Despite the fact that TikTok says it鈥檚 listening to feedback, its announcement sorely lacks information on how exactly payouts will work, instead saying that it鈥檚 using 鈥渘ew formulas.鈥�. But opaque platitudes like that are exactly the problem.

The IRS doesn鈥檛 care about the legal structure of your business鈥攂ut you do need to be running a business rather than pursuing a hobby that sometimes brings in a little cash. The IRS lists factors that help with figuring out the difference between the two. Section 179 lets you write off a big vehicle in its first year of use.

So child actors, underage app creators, prodigy gamers, young YouTubers, they all bring in cash and the government wants a share of it. So currently 2-year-old Stormy Webster, who is the daughter of Kylie Jenner and Travis Scott is considered the richest child in America, and she is not exempt from paying her taxes. Evelyn Mitchell-Wolf:. Wow. That is strange. Suzy Davidkhanian:.

It's a whole nother ballgame when you have to call the restaurant, put in your order with a person, pay over the phone or pay with cash for those of us who pay with cash still. It's a completely different environment and atmosphere, and it's not conducive for convenience, which is what I think that these apps are really, really great for.

US customers can send payments via WU.com, the Western Union app, or Western Union鈥檚 retail locations. Key context: The tie-up stems from a 2019 strategic agreement between Western Union and Visa to integrate Visa Direct across Western Union鈥檚 entire network.

But some tools come with disclaimers that reveal genAI applications are a work in progress. Providers must value oversight and transparency to ensure long-term success. How should payment providers prioritize the key use cases of genAI for personalization?

Instagram is wooing small creators to Reels by actively making changes to their discoverability on the app鈥攕omething that may appeal to everyday creators seeking to go viral, as they have on TikTok. It鈥檚 also making reel-formatting recommendations to help creators improve their chances at success on the app.

Challenging times: Rising grocery prices haven鈥檛 helped all restaurant-related businesses as a number of startups have struggled in the wake of rising interest rates and investors鈥� cash drying up. Restaurant-software company Nextbite, online-ordering company ChowNow, food-tech startup Lunchbox, and ghost-kitchen startup Reef have all cut staff, per Insider.

Because when I buy something on Shopify, and I recently did buy something through Shopify's app, their marketplace because they had this. They just started doing Shopify cash rewards and they were giving away cash. Then I have $10 and I'm like, "Let me buy some fancy olive oil.". I bought some fancy olive oil, but you don't know exactly how long it's going to take, and it's a premium product.

BNPL players who are making their apps shopping destinations are well-positioned to tap this market. Some 28.7% of US BNPL users cited shopping their favorite brands in BNPL apps as a top reason for using the payment method, per our August 2024 US Cash-Back Credit Card Emerging Features survey. Sources. Affirm. Afterpay. Apple. Google. J.D. Power. JPMorgan Chase. Klarna. PYMNTS.com. Zip.

With this continued influx of cash, innovation in marketing will continue apace. Major marketing platforms are rushing to add genAI creative tools. In May, Meta introduced AI Sandbox, which allows advertisers to vary text, backgrounds, and formats for campaign designs.

DeFi protocols govern DeFi applications, but in this report we use the term 鈥渁辫辫濒颈肠补迟颈辞苍蝉鈥� to refer to both. DeFi鈥檚 size pales in comparison to traditional finance鈥攂ut this could change in the longer term.

Drive mobile app adoption with branding campaigns promoting exclusive benefits. Apps are the connective tissue for cross-channel shopping journeys that drive loyalty. Apple鈥檚 disruption of the mobile app install market should compel retailers to try different marketing tactics to drive adoption. Experiment with TikTok marketing to ride the social commerce trend.

Consumer banking will evolve from a product-centric model to a customer-centric one over the next few years. This will require significant changes to banks鈥� apps, pricing structures, and customer service.

Digital payment methods continue to displace cash and checks in the US payments ecosystem. But after a pandemic-driven crest, growth is moderating amid economic uncertainty, resetting the stakes for share of wallet.

With cash more expensive, and with a leaner structure, Snap has very little margin for error鈥攂ut with a robust and growing subscriber base and passionate users, it鈥檚 hard to count the company out.

The new features include demand deposit accounts, direct deposit with up to two days early pay, ACH with Plaid integration, cash loads and fee-free ATMs, with bill pay and instant funding capabilities entering beta testing next year. The service will operate via 40 banking-related APIs to allow customers to customize the banking services they wish to use. The platform is available in 40 countries.

But when we're talking about just Facebook, just the app itself, I could potentially maybe see them just leaving it alone, tweaking it here and there. But not really trying to make it this young app. And really just seeing how it can play out for the foreseeable future while they focus on their other endeavors. Marcus Johnson:. It's quite the cash cow. So yeah, it does make sense.

During Q2, 46% of brokers submitted more loan applications for small business financing month over month, per iwoca鈥檚 SME Expert Index. But successful finance applications for small firms have dropped to their lowest level on record. That gives BNPL providers an opportunity to lure in underserved small businesses looking for more flexible credit options.

Amazon burned through its considerable cash reserves over the past several years as it grew its warehouse footprint at a frenetic pace, made expensive acquisitions like MGM and One Medical, and shored up its loss-making devices unit.

While this may sound exciting, it simply means being able to access 2D apps and services in 3D and VR environments through headsets. Microsoft is bringing Teams and Microsoft 365 subscription services to the metaverse. These won鈥檛 be in 3D, but allow PC and VR users to interact.

Its existing ad technology and tech background could spare it the expense of a costly ad partner, but because its reach is much lower than Disney or Netflix, it may not be able to cash in on the trend of higher and higher CPMs (the cost per 1,000 impressions).

Open banking-powered models let them use new metrics鈥攍ike bill payments and cash flow鈥攁s inputs. Fintechs, including Petal and TomoCredit, are building names for themselves by using their own alternative models to issue credit cards, along with issuers like JPMorgan Chase and Wells Fargo and giant credit reporting agencies like Experian.