Industry Reports, United States
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Driven by mobile app purchases, mobile P2P, and mobile bill payment, digital payments are increasingly mobile in nature. But while mobile purchases are speeding forward, in-store and remote payments trends tell different stories.
Pushing beyond traditional underbanked and unbanked segments, general-purpose reloadable prepaid cards are increasingly positioned as accounts targeting those with digital-forward banking needs and as new products targeting growing but underserved niche markets.
Buoyed by post-recession economic growth, African American household wealth is expected to grow by 70% from 2010 to 2019, and the number of African American households with a net worth of $100,000 or more is expected to top 4.7 million in 2018.
This report segments affluent and high-net worth consumers and households, drilling down into their household finances, banking relationships and financial products and services usage and attitudes.
Amazon’s U.S. gross merchandise sales will comprise 43% of U.S. e-commerce sales in 2019, up from 28% in 2015.
Financial services and products not only play a key role in Amazon’s loyalty proposition but also present the company with numerous additional growth opportunities.
This report forecasts global payment cards by value for 2019-2022.