🚨JUST IN: PayPal and Venmo launches "PayPal World", a global platform connecting major payment systems and digital wallets to ease cross-border payments in partnerships with Mercado Pago, UPI, and Tenpay. https://t.co/16YUwa0VZW ...

PayPal taps wallets from China and India to make cross-border payments easier for 2 billion people | TechCrunch https://t.co/F4K1T0epV5 ...

Western Union CEO Devin McGranahan said the company is exploring stablecoin use in digital wallets and plans to build on/off ramps, citing their potential for faster cross-border transfers, better fiat conversion, and value storage in unstable economies.https://t.co/nFScaTlPA0 ...

Core Insights - The report titled "US Cards and Payments: Opportunities and Risks to 2029" provides a comprehensive analysis of the US cards and payments industry, focusing on market trends, performance indicators, and competitive landscape [1][5]. Market Overview - The US cards and payments industry is characterized by a highly developed ecommerce market, second only to China, with significant growth opportunities driven by innovations such as mobile-only ecommerce platforms and livestream ecommerce [7]. - As of 2023, 33% of Americans used digital wallets, an increase from 25% in 2022, indicating a growing acceptance and usage of digital payment methods [7]. Payment Instruments - The report includes detailed insights into various payment instruments such as debit, credit, and charge cards, as well as alternative payment methods [5][7]. - It highlights the increasing use of banking mobile apps, with 40% of consumers utilizing them in the last 12 months, up from 37% in 2022 [7]. Competitive Landscape - The report analyzes the competitive landscape of the US cards and payments industry, detailing market shares of issuers and schemes, and strategies adopted by banks and institutions to market their card products [2][3][5]. Regulatory Environment - The report covers regulatory policies and recent changes in the regulatory structure affecting the US cards and payments industry, which are crucial for understanding market dynamics [3][5]. Consumer Behavior - Insights into consumer attitudes and buying preferences for cards are provided, with a notable trend among Generation Z and millennials favoring mobile payments [7]. Payment Innovations - The report discusses innovations in payment technologies, including Mastercard's open banking tool, Connect Plus, which is expected to enhance secure financial data sharing [7]. Ecommerce Payments - The analysis includes a focus on ecommerce payments, reflecting the growing trend of online shopping and the integration of payment solutions within ecommerce platforms [5][7]. Future Projections - The report provides current and forecast values for each market segment within the US cards and payments industry, indicating a positive growth trajectory [5][7].

🚨 NOW: Western Union CEO says the bank is looking into offering stablecoin products in its digital wallets to the customers around the world.“Stablecoins are an opportunity, not a threat.” https://t.co/HbSlNPyRRT ...

Investment Focus - ARK Fintech Innovation ETF (ARKF) invests in tools rebuilding financial infrastructure, including digital wallets, Bitcoin, and smart contracts [1] - The ETF is positioned for a digital reset [1] Portfolio Strategy - The fund's Associate Portfolio Manager shares insights on how the fund is positioned [1] Holdings - Information on the fund's holdings is available via a provided link [1]

Core Insights - Visa Inc. is adapting to a market shift towards digital wallets and cryptocurrency, moving beyond traditional card-based payments [1][4] - The company has implemented the Visa Token Service to enhance security and facilitate transactions with digital wallets [2] - Visa is expanding its presence in the cryptocurrency sector through partnerships and the introduction of crypto-linked cards [3] Digital Strategy - Visa's digital strategy includes the Visa Token Service, which replaces sensitive card information with secured tokens, allowing integration with platforms like Apple Pay and Google Pay [2] - The company reported a 9% year-over-year growth in processed transactions in Q2 FY25, indicating successful adaptation to digital wallet integration [8] Cryptocurrency Initiatives - Visa is actively collaborating with various cryptocurrency platforms and exploring stablecoin transactions on blockchain networks [3] - The company's extensive acceptance network positions it well to adapt to the evolving financial landscape [3] Competitive Landscape - Competitors such as Mastercard and PayPal are also enhancing their digital wallet offerings, with Mastercard focusing on tokenization and contactless payments [5] - PayPal operates its own digital wallet with features like Venmo and crypto trading, directly engaging with users [6] Financial Performance - Visa's shares have increased by 13.2% year-to-date, outperforming the industry growth of 5.4% [7] - The forward price-to-earnings ratio for Visa is 28.76, higher than the industry average of 22.76 [10] - The Zacks Consensus Estimate for Visa's fiscal 2025 earnings suggests a 12.9% increase compared to the previous year [11]