Afterpay’s Post

Let’s have a look at the Key Trends among publicly traded Payment Processors from the latest earnings season: Looking at full-year revenue, PayPal is inevitably in the lead, with almost double the FY 2023 revenue of Fiserv, the next largest player on this metric. Beyond this, however, there are some interesting developments. While on an extremely similar revenue line to Worldline and Worldpay, Square has pulled ahead for the last two years and is now moving closer to Global Payments, the third-largest player in terms of revenue. Adyen, meanwhile, is for the first time slightly ahead of Paysafe, while emerging markets-focused dLocal is closing the gap on both players. Read more interesting info in the complete FXC Intelligence source article by Lucy Ingham and Callum Tyndall: https://lnkd.in/ejTP9-hR Find this helpful? [ 𝗿𝗲𝗽𝗼𝘀𝘁 ] Anything to add about this subject? [ 𝗶𝗻𝘃𝗶𝘁𝗲𝗱 𝘁𝗼 𝗰𝗼𝗺𝗺𝗲𝗻𝘁 ] Nice story, Marcel. Next! [ 𝗹𝗶𝗸𝗲 ] #payments #paytech #digitalpayments #paymentproviders #paymentindustry #fintech #fintechindustry #financialtechnology #fintechnews 

In a fragmented #payments world with thousands of #banks, #vendors and purported solutions, a single #technology has yet to emerge as a key leader. Data from PitchBook shared with Modern Retail show that 2023 saw at least $32.6 billion in global #fintech deals. Here's what's ahead for payments in 2024.

There's a lot more going on at Afterpay than meets the eye Wunderkind Nick Molnar (whos net worth is over $1Bn) appears to be being pulled back in to the US business as Head of Sales reporting to Dorsey to try and beef up the merchant business. So now the guy who sold the company reports to the guy who bought it. Why would he want to do that? And where is Anthony Eisen the other AfterPay CEO? Here are my thoughts: ✅ Australia is a saturated BNPL market with too many competitors so the US needs to really fire up. ✅JPMorganChase recently announced that they would no longer allow their card holders to fund AfterPay accounts ✅ 4 US Banks have around 70% of the US cards market ✅ Most card issuers including American Express as well as PayPal have an instalment product in market ✅ PayPal has a 68% market share of US BNPL apps ✅California and New York have already regulated BNPL (California is the 5th biggest economy in the world) ✅Consumer Financial Protection Bureau will apply credit card rules to BNPL ✅ Block charge around of 6% or more for an AfterPay transaction. Substantially more that a Credit/Debit card transaction ✅ Cash App is absorbing Afterpay into its app ✅ Cash App cancelled in AU and shut down in UK ✅ In January, Dorsey fired 1000 people (mostly CashApp staff) It will be a Herculean task to try and grow AfterPay as a CashApp feature within the confines of Block and head off the regulatory tsunami that is approaching. The AfterPay credit card is looking more and more realistic. #payments #bnpl #buynowpaylater

🚨🚨🚨 Community Banks, Credit Unions Leaders, pay close attention and heed his words... This is Jack Dorsey, CEO of Block, addressing his shareholders: "We are committed to dominating the primary banking relationship with our customers." Extract in extenso from his letter -"#1: Banking our Base. As of December there were 2 million actives (3% of our monthly transacting actives) depositing their paycheck into Cash App each month, relative to 23 million Cash App Card monthly actives (41% of our monthly transacting actives) and our broader base of 56 million monthly transacting actives. In the same way that peer-to-peer (P2P) payments was a gateway to the Cash App Card, we see the Cash App Card as a gateway to our customers adopting Cash App as a primary banking solution. We believe the most direct opportunity for Cash App to drive meaningful top line growth is by converting our existing base of 56 million monthly transacting actives, who mostly use P2P and Cash App Card, into primary banking actives who deposit their paycheck into Cash App and generate significantly more inflows per active. We see a meaningful step up in value and engagement as customers choose to deposit their paycheck with us: Cash App Card actives who deposit at least $2,000 of paychecks per month spend nearly 6x more than Cash App Card actives who do not deposit a paycheck with Cash App." I wrote 3 years ago that Block would emerge as the true victor among challenger banks (see my post link in the comments below), thanks to Cash App. Here we are, but with the Sword of Compliance hanging over Block (previous post shared with link below). If Community Banks and Credit Unions aspire to be able to compete with Square and others, they must adopt a challenger bank core technology platform and adopt niche strategies and features. Merely digitizing (launching a new app or adding a online onboarding) is not sufficient; they need more... Efi Pylarinou Jason Mikula Marcel van Oost Bryan Clagett #digitalbanking #corebanking #bankingsolutions #payments #fintechsolutions #digitaltransformation #fintech #baas #neobanks #challengerbanks #embeddedfintech #creditunions #communitybanks #embeddedfinance #nichebanking #ai #apis #modularbanking

CFPB might sue Block over Cash App's P2P payments 🔍 Apple Pay Later to appear on Experian credit reports 🍏 EU enables 10-second cross-country transfers ⏱️ Watch the full video for this week's top 10 payments headlines. Stay informed, stay ahead. Catch you next week! 👋🏽 __ Every Monday we post our Couchonomics Reels segment sponsored by Magnati. ♻️ Repost this to your community if you found it valuable 👤 Follow Arjun Vir Singh for more fintech and payments news. #fintech #payments

Alpesh Chokshi joined Banyan a week or so ago. Already it's been great working with him. For more perspective on what a phenomenal and storied payments leader like Alpesh sees in BANYAN, this is worth a watch. #fintech #payments #innovation

“It's about making customers' lives better. If we do that, everyone is happy. The issuer is happy, the merchant is happy, and most importantly, the consumer is happy.” says Alpesh Chokshi, President of BANYAN, in his PYMNTS #firesidechat with CEO Karen Webster. BANYAN's platform is helping #merchants, #banks, and #fintechs navigate both personalization and embedded solutions in the payments landscape. See the full chat below ⬇ https://lnkd.in/gEEzR9Fw #paymentsolutions #consumerengagement #consumertrends #Banyan #PYMNTS #platform #consumerexperience #personalization #personalizationmatters #embeddedsystem #customerengagement #customers #customerexperience

BNPL in 2024: Boom or Bust? My 5 Key Take aways: 🟢 BNPL user base to explode to 670 million by 2028, but some firms are struggling. 🔵 Success hinges on education, regulation, and innovation, I would add hiring the right talent!!#RokaSearch 🟠 Super apps and Banks are offering competitive BNPL options. 🟢 Open Banking affordability checks can prevent defaults and boost trust 🔵 BNPL needs to benefit both consumers and merchants for long-term success. #fintech #ecommerce #payments #financialinclusion #regulation Gazi Yar Mohammed Love to here how Kube Money can help lenders on this.

The US payment market is vast and full of opportunities, but breaking in requires a unique approach. With revenues expected to expand by $200 billion between 2022 and 2027, understanding the market's nuances is key. Learn more from Paul Schaus in International Banker. Read more. https://lnkd.in/gjEvU2Gx #USPayments #Fintech #MarketEntry

Joe Garner, author of Future of Payments Review in conversation with Tony Craddock at Pay360: ‘Regarding Open Banking, there is currently no clear vision or strategy, so how will we know if we get there? What we need is a North star. It’s the government’s job to define vision and regulator’s job to deliver it. Open Banking needs commercials, which are in a quagmire, and it needs consumer protection…Money is about to go through a re-platforming phase. It’s gone from precious metals to notes and cheques, now it’s on a spreadsheet - next will be digital platform so it goes from static record to visible, tokenised form.’ #openbanking #fintech #futureofmoney #PA #Pay360