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Banks On Notice: Fintechs Are Coming For Checking Accounts & Debit Cards

CB Insights

get the 86-page fintech report. US consumers aged 18+ make an average of 70 payments per month, with debit cards accounting for 32% of those purchases, according to a 2017 study by the Boston Fed. These companies have been able to generate these signups through three channels: card design, rewards, and application UX.

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Mobile Payments: What’s In It For Me?

PYMNTS

The Bank of Korea reported that in the second quarter of 2016, mobile payments rose by over 53 percent compared to the first quarter, and the daily average of mobile payments increased by 7.2 According to Media and Services UX, (MSX) group at Strategy Analytics, three-quarters of mobile payment users in China do so in physical stores daily.

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