site logo

Payments

Note from the editor

The payments space is in the middle of a rapid time of change. 

It was in-flux prior to the pandemic, but experts agree that COVID-19 sped up how both retailers and consumers think about payment channels. 

The past year or so has seen the rise of the buy now, pay later model, and PayPal introduced its own 'Pay in 4' installment payment service. The advantages of checkout-free capabilities have come to light, as retailers install technology in their existing stores. And millennial and Gen Z shoppers are leading the way when it comes to contactless payment adoption. 

But, most of all, it feels like retailers are thinking through the best way to streamline and incorporate payment options as a way to capture, delight and retain shoppers. As the space shifts, the future of who will best utilize and employ new means of supporting retail operations through different payments is anyone's for the taking. 

 

Kaarin Vembar Editor

Will COVID-19 push contactless payments into the mainstream?

Multiple barriers have curtailed retailers' contactless payment integration. But a pandemic may be the catalyst to widespread adoption.

PayPal introduces 'Pay in 4' installment payment service

Visa, Mastercard face biggest challenges in a decade

Regulatory, legislative and court confrontations over the card network companies' fees are ratcheting up pressure again for reform of the behemoths' practices.

Millennial, Gen Z shoppers lead contactless payment adoption

Standard Cognition hits $1B valuation with $150M investment

More retailer mobile apps offer PayPal than Apple Pay: report

Can banks win in the booming buy now, pay later space?

While buy now, pay later represents a niche of the payments ecosystem, banks should take note of what its growth says about the next generation of consumers.

Walgreens to launch digital bank accounts this year

Latest payment trends in retail

COVID-19 shifted how both retailers and consumers think about payment channels. Retailers are now implementing checkout-free capabilities, and millennial and Gen Z shoppers are leading the way when it comes to contactless payment adoption.

included in this trendline
  • PayPal introduces 'Pay in 4' installment payment service
  • Visa, Mastercard face biggest challenges in a decade
  • Walgreens to launch digital bank accounts this year
Our Trendlines go deep on the biggest trends. These special reports, produced by our team of award-winning journalists, help business leaders understand how their industries are changing.
Davide Savenije Editor-in-Chief at Industry Dive.