PYMNTS Intelligence

Consumers Say They Use Credit to Buy Essentials and Spend More
Consumers Say They Use Credit to Buy Essentials and Spend More
June 24, 2024  |  Credit Cards

Although consumer spending dipped slightly last month, not all spending choices are created equally. While some consumers curtail spending by choice, others do it entirely...

READ MORE >
Retailers See 78% Boost From Low-Income Shoppers’ Use of Credit
Retailers See 78% Boost From Low-Income Shoppers’ Use of Credit
June 24, 2024  |  Retail

As financially unstable consumers seek ways to afford to shop, credit is enabling them to make higher-value purchases, and retailers are seeing the benefit. The...

READ MORE >
Why the Connected Economy Isn’t
Why the Connected Economy Isn’t
June 24, 2024  |  Connected Economy

The 2,000 members of the Marubo tribe were among the most disconnected people on Planet Earth. A people whose roots span many centuries, they live...

READ MORE >
Grocery Shoppers Favor Omnichannel Purchasing Journeys
Grocery Shoppers Favor Omnichannel Purchasing Journeys
June 21, 2024  |  Retail

Pure-play eCommerce may be slow to catch on in grocery, but PYMNTS Intelligence research shows omnichannel engagement has caught on in that realm. By the...

READ MORE >
Only 6% of Acquirers Offer Installment Payment Options at Checkout
Only 6% of Acquirers Offer Installment Payment Options at Checkout
June 21, 2024  |  Buy Now Pay Later

Fifty-four percent of acquirers — those financial institutions (FIs) that process credit and debit card transactions on behalf of merchants — say they support card-linked...

READ MORE >
Instant Refunds? Consumers Say They’ll Pay for That
Instant Refunds? Consumers Say They’ll Pay for That
June 21, 2024  |  Money Mobility

Overpayment disbursements are not the most common payouts nor the largest. In fact, just 7.1% of consumers report they received overpayment disbursements this year. The...

READ MORE >
Why Merchants Prefer Card-Linked Pay Later Options
Why Merchants Prefer Card-Linked Pay Later Options
June 21, 2024  |  Consumer Payments

Merchants are increasingly recognizing the value of offering general-purpose credit card-linked installment plans. In fact, 37% of merchants now provide these installment plans at checkout....

READ MORE >
Amazon and Walmart Court Zillennials’ Loyalty With Sustainability Initiatives
Amazon and Walmart Court Zillennials’ Loyalty With Sustainability Initiatives
June 21, 2024  |  Retail

As Amazon and Walmart look to secure the affinity of young consumers whose spending power is on the rise, the two retail giants are looking...

READ MORE >
Millennials Are Most Prepared to Trade Down to Private Label
Millennials Are Most Prepared to Trade Down to Private Label
June 20, 2024  |  Consumer Insights

As merchants step up their own-brand offerings, PYMNTS Intelligence research finds that across grocery and retail, millennials prove the most eager to find more affordable...

READ MORE >