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Statistics for Cash and Credit Card Use for Payments in 2024

Clearly Payments

Payment Trends by People’s Age: Gen Z & Millennials (born 1981-2012): Gen Z and Millennials (those born between 1981 and 2012) are leading the way in using contactless payments. When it comes to credit cards, they’re using them smartly. They still use credit cards too, for about 26% of their transactions.

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Lyft Partners With Venmo To Offer More Ridesharing Payment Options

PYMNTS

When using Venmo, users have the option to pay with their Venmo balance or link to a card or bank. Riders can pay for trips with PayPal, credit and debit cards, direct banking or Lyft Cash, among other options. Its biggest competitor is Uber, which launched in 2008.

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PayPal Taps into Bitcoin by Adding Wences Casares to Board

Fintech Labs Insights

PayPal announced today it has selected Wences Casares, founder and CEO of bitcoin wallet Xapo, to its Board of Directors. Casares will serve on PayPal’s Compensation Committee and is the ninth member of PayPal’s board. PayPal debuted its Instant Account Creation at FinovateEurope 2012.

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Fintech Hall of Fame: The Top Digital Innovations in Financial Services

Fintech Labs Insights

Innovations from 1995 to 2014 (with launch dates) Note: Ranking as of Jan 2014 Wells Fargo is first in the world to offer Web-statement access (launched May 1995) Security First Network Bank launches first full-service Internet bank brand (Oct 1995, disbanded 2002) PayPal launches first online optimized payment system (Nov 1999, bought by eBay in 2003) (..)

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Sezzle Adds Former PayPal Executives as Advisors

Fintech Labs Insights

A pair of former PayPal vets are joining Team Sezzle. Guilfoyle, who was SVP and CTO of PayPal from 2008 to 2012, will join Sezzle as an advisor. Fuchs, former Head of Legal at PayPal, will be Sezzle’s new legal advisor. plus 15 cents, Sezzle is half the cost of credit and debit card processing.

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Quick & Dirty Details of the PayPal – Visa Partnership

Fintech Labs Insights

Launched in 1998, PayPal is no stranger to fintech. This week’s news may change that perspective, though not all PayPal shareholders were enamored with the deal, as the stock fell 7% today. The image of Visa digital cards will be incorporated into payment flows. Benefits to PayPal.

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Rent Payments With Benefits?

PYMNTS

That may be about to change, however, thanks to full-service payment solutions that can accept credit card, debit card and mobile wallet rent, while rewarding tenants for paying rent on time. PayPal was active this month, partnering with a pair of credit card giants to bolster its place in the retail industry.