Breaking Payments Stereotypes And Finding New Commerce Avenues

By PYMNTS | August 20, 2019

As we mark an historic IPO anniversary, it’s becoming even more clear that mobile commerce stereotypes need to be overcome. Not only that, but there could possibly be a new way to break what amounts to a paper jam for B2B payments. And the conventional wisdom on alternative lending comes in for a gut check as more merchants learn how to reverse the course on subscription churn.

Data:

$800 billion+: Market cap of Google parent Alphabet.

47.9 percent: Share of millennials who use mobile apps most frequently for planning in-store purchases.

80 percent: Portion of SMBs that still use paper checks for B2B payments.

18 percent: Average current interest rate for credit cards.

26.7 percent: Share of digital media consumers who plan to end their subscriptions within a year.

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