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BIS2022 - Digital Wallets: Upending Traditional Banking
Today, digital wallets like Venmo, Cash App, and others around the globe are penetrating traditional financial services, including brokerage and lending, thanks to what we believe are superior user experiences and much lower costs of acquisition.
BIS2022 - Digital Consumers: Spending More Time and Money Online
The new digitally native consumer is spending an increasing amount of time socializing, playing, and purchasing online. As digital takes share in our daily lives, we believe the market—as measured by online entertainment spend, advertising spend, and platform e-commerce fees—is likely to grow significantly.