PayPal might not have shocked anyone with their Innovation Day, but everything they launched was aligned with their strategic priorities. These priorities lay out the path to growth.
Visa and Mastercard might be seeing the end of the secular growth trend in the U.S. But it is not the end of the world.
American Express might need to grow Card Member loans at unprecedented rates to deliver on the 10%+ revenue growth target they promised at 2022 Investor Day
Visa and Mastercard require card issuers to post billions in collateral to protect themselves from settlement risk. However, that settlement risk rarely materializes into losses for the schemes
Coinbase pursued FTX Europe acquisition, Meta plans to expand WhatsApp payments to India, and Charles Schwab lowers its fixed-income ETF fees
S&P Global assigns a ‘BB-’ rating to Nubank, Apple launches Tap to Pay in Brazil, and Shift4 partners with Give Lively
Affirm is exploring subscription service, Amazon introduces cashierless checkout for closing, and Payoneer extends partnership with Airbnb
Square’s CEO leaves, Jack Dorsey to take over, Wise teams up with Swift on cross-border payments, and Goldman Sachs is closing in on the sale of GreenSky
Charles Schwab completes the migration of TD Ameritrade clients, JPMorgan partners with Gusto to offer online payroll services, and Discover considers selling its student lending business
Uber expands partnership with PayPal, Coinbase launches a Web3 wallet for institutional clients, and Toast introduces “Toast for Cafes and Bakeries”
Square and Cash App experience daylong outage, Consumer Financial Protection Bureau takes aim at Apple Pay, and Nubank launches personal loans in Mexico
Adyen gets a UK banking license, Affirm partners with Booking.com, and Coinbase ventures into lending
