PYMNTS Intelligence

Smartphones, Smart TVs Drive Surge in Connected Device Ownership in 2023

Smartphones, Smart TVs Drive Surge in Connected Device Ownership in 2023
Smartphones, Smart TVs Drive Surge in Connected Device Ownership in 2023
December 27, 2023  |  Connected Economy

The adoption of connected devices, including smartphones, smart TVs and voice-controlled assistants, surged in 2023, indicating an increasing reliance on technology to streamline everyday activities. ...

READ MORE >
Nearly 40% of High-Income Consumers Use Pay Later Plans
Nearly 40% of High-Income Consumers Use Pay Later Plans
December 27, 2023  |  Consumer Finance

In recent years, split-pay options have gained popularity among consumers of all demographic groups looking for greater flexibility in managing their expenses. But it’s not...

READ MORE >
Two-Thirds of Gen Z Didn’t Know They Could Make Pay-by-Bank Payments
Two-Thirds of Gen Z Didn’t Know They Could Make Pay-by-Bank Payments
December 27, 2023  |  Payment Methods

An account-to-account (A2A) payment, as the name suggests, allows a person or business to send money directly from one account to another in a quick,...

READ MORE >
Nearly 1 in 3 Hospitality SMBs Rely on National Banks for Credit
Nearly 1 in 3 Hospitality SMBs Rely on National Banks for Credit
December 27, 2023  |  SMBs

Main Street small and medium-sized businesses (SMBs), which faced challenges during the pandemic and managed to stay afloat, are aiming to stabilize their finances in...

READ MORE >
Gen Z Favors Brands vs Retailers for Card-Linked Offers
Gen Z Favors Brands vs Retailers for Card-Linked Offers
December 26, 2023  |  Retail

Retailers and brands are constantly seeking ways to foster customer loyalty and generate new sources of sales. One effective strategy is to leverage item-level receipt...

READ MORE >
Security Concerns Limit Growth of Instant Payments for Rent-Related Refunds
Security Concerns Limit Growth of Instant Payments for Rent-Related Refunds
December 26, 2023  |  Real-Time Payments

Rental prices keep on rising year after year, and some rental contracts have been tightened by requiring larger deposits at the signing. To illustrate: since...

READ MORE >
Reshaping the Future: Why Gen AI’s Creative Power Calls for Strategic Oversight
Reshaping the Future: Why Gen AI’s Creative Power Calls for Strategic Oversight
December 26, 2023  |  Artificial Intelligence

With the widespread emergence of OpenAI’s large language model-based ChatGPT platform in late 2022, a considerable amount of public attention and private capital have been...

READ MORE >
Year in Review: Social Media eCommerce Has Not Yet Caught On
Year in Review: Social Media eCommerce Has Not Yet Caught On
December 22, 2023  |  eCommerce

Social platforms such as TikTok, Facebook and Instagram have made it quicker and easier for consumers worldwide to share their shopping stories and start retail...

READ MORE >