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Consumer Credit Update for 2Q 2023

South State Correspondent

Home equity lines of credit (HELOCs) and bank card usage are up 24% and 17%, respectively. We should see a slight increase in production in 2025 and 2026 driven by lower rates. Capital rotation is to HELOCs and away from autos. Within autos, the capital rotation is for new cars over used cars. restaging their wallet”).

Trends 195
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M&A, Bitcoin Trading Adds $8B In Market Cap To Square

PYMNTS

Square’s gross payment volume could reach $409 billion in 2026, or 4.1 payment volume, RBC Capital Markets analyst Daniel Perlin predicted in a recent note to clients. percent of total U.S.

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Recap of Money 20/20 USA 2023 and 10 Banking Thoughts

South State Correspondent

The catalyst was likely a panel led by the CEO of Taktile (AI Underwriting), a Partner from Bain Capital, a partner for Andreessen Horowitz, the chief data scientist from Branch International (digital banking fintech for India and Africa), and a tech correspondent for CNBC. You have never heard so many intelligent people sound not so smart.

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TRENDING: Can Escrow Disbursements Ease Gig Worker Payment Woes?

PYMNTS

In the May edition of the Disbursements Tracker , PYMNTS highlights some of the notable disbursement developments changing the way employees get paid, such as with digital escrow tools, and how borrowers, including small- to medium-sized businesses (SMBs), can access capital through their debit cards and instant deposit services.

Trends 128
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Is India’s ATM Disappearing Act A Digital Payments Boon?

PYMNTS

That comes as eCommerce is slated to be worth as much as $200 billion by 2026 , according to Morgan Stanley estimates, growing at 30 percent, compounded annually. The recognition of a sea change in how India pays for what it buys is grabbing foreign interest and capital. Greenfield Opportunity For Payment Heavyweights.

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Amazon Vs. Alibaba: How The E-Commerce Giants Stack Up In The Fight To Go Global

CB Insights

The e-commerce giants are capitalizing on three important trends: Global financial systems are going digital and mobile. Research from Morgan Stanley projects the online retail market will explode from $15B in 2016 to $200B in 2026. The gift card system has since been integrated into Amazon’s marketplace, and can be sent via email.