Tagged: consumer behavior

March 30, 2025 @ 7:57 pm By Omar Faridi  |  

Three in five people say that the UK economy is worsening, leading even consumers feeling financially secure to cut back on spending, according to the latest quarterly Consumer Pulse survey from KPMG in the UK. The number of people feeling that the UK economy is… Read More

March 8, 2025 @ 11:33 am By Omar Faridi  |  

Seventy-six percent of US consumers are reportedly cutting back on spending, up from 67% in 2024, according to findings from the Wells Fargo Money Study. For adults in the first half of their financial lives, these numbers are even higher, with “82% of Gen Z… Read More

February 26, 2025 @ 10:14 am By Omar Faridi  |  

A study released by B2B order-to-cash software and digital payments Fintech Billtrust reveals how Generation Z is “fundamentally” transforming payment behaviors and expectations. With traditional payment methods falling to historic lows and digital adoption reaching saturation levels, the research signals a “turning point in how… Read More

February 24, 2025 @ 3:54 pm By Omar Faridi  |  

MX Technologies, Inc., a provider of actionable intelligence for consumers and the financial providers that serve them, shares its latest survey of U.S. consumers, which reveals consumers are “overwhelmed by their finances and looking for more comprehensive resources to meet their needs.” Nearly half (44%)… Read More

February 1, 2025 @ 12:19 pm By Omar Faridi  |  

Fintech firm Square’s annual report finds that global consumer businesses, including beauty and retail, plan to invest in new automation and loyalty programs in 2025. Square, the technology company that makes commerce and financial services accessible, released insights from its forthcoming Future of Commerce report,… Read More

January 15, 2025 @ 4:49 pm By Omar Faridi  |  

The CommBank Household Spending Insights (HSI) Index fell by 1.8 per cent in December 2024 after a “strong” Black Friday sales spending boost in November of last year. As noted in the latest report from Australia‘s CommBank, the fall was driven by an “8.3 percent… Read More

January 2, 2025 @ 11:25 am By Omar Faridi  |  

US credit card defaults have reportedly surged to $46 billion in the first 9 months of 2024, which is said to be the highest since 2010. Credit card defaults are now up more than 50% year-over-year. And defaults of seriously delinquent credit card loan balances… Read More

December 30, 2024 @ 12:01 pm By Omar Faridi  |  

Visa (NYSE: V), a global enabler of digital payments, announced its first Retail Spend Monitor from Visa Consulting & Analytics (VCA). This year, Visa’s preliminary insights indicate that the “overall holiday retail spend in the U.S. increased 4.8% year over year.” This is across all forms… Read More

December 28, 2024 @ 4:22 pm By Omar Faridi  |  

According to preliminary insights from Mastercard (NYSE: MA)  SpendingPulse, U.S. retail sales excluding automotive increased 3.8% YoY from Nov 1 through Dec 24. Mastercard SpendingPulse reportedly measures in-store and online retail sales, representing “all payment types and is not adjusted for inflation.” Michelle Meyer, chief… Read More

December 21, 2024 @ 3:11 pm By Omar Faridi  |  

Bank of Ireland clients reportedly spent more in 2024 on Black Friday to Cyber Monday weekend, up a substantial 4.7% on the past year, while spending by Bank of Ireland customers for the month of November 2024 was up as well by a significant 5.6%… Read More

November 22, 2024 @ 10:31 am By Omar Faridi  |  

Research from NatWest reveals the fast pace of change in the payments behaviors of consumers across the United Kingdom. As digital payments become more available, in 2024, merely 8% of adults report that they still use cash and coins “all of the time,” according to… Read More

November 13, 2024 @ 9:35 pm By Omar Faridi  |  

KPMG has released that retail survey with key findings indicating how consumer behavior may change during the coming months. The KPMG survey of consumer retail attitudes was conducted by Red C at the end of October. The key findings from the survey / research study… Read More

November 8, 2024 @ 6:05 pm By Omar Faridi  |  

Analysis by Experian and Reward reveal key shopping trends ahead of crucial ‘Golden Quarter.’ Informative and timely insights from Experian, in partnership with Reward, reveal that consumers – despite the festive tradition of heading to the high street – are likely to do “more of… Read More

October 31, 2024 @ 9:21 am By Omar Faridi  |  

Feedzai, the RiskOps platform, offering AI-powered solutions to protect people and payments against financial crime, reveals that 42% of French citizens will use fingerprint authentication to secure their payments, especially among the younger generation aged 18-34, where the rate is 56%. Although 32% of respondents… Read More

October 28, 2024 @ 2:27 pm By Omar Faridi  |  

Innovative tech in stationary retail optimizes processes and has a positive impact on the shopping experience for consumers in Germany, according to a new report. One example of this is self-checkout tills (SCO tills). While they are still used more frequently by younger customers, the… Read More

October 26, 2024 @ 10:09 am By Omar Faridi  |  

During the past decade, the digitalization and democratization of access to financial services have transformed how people interact with money and institutions. This, according to an update shared by Nubank (NYSE: NU). Nubank pointed out in its latest update that although in the past, people… Read More

October 24, 2024 @ 8:04 pm By Omar Faridi  |  

Research and key insights released by Adyen (ADYEN:AMS), the global financial technology platform of for international businesses, reveals 40% of consumers have already, or are planning to, “unsubscribe” from services and products they’ve set up recurring payments with over the “next 12 months.” The data… Read More

September 27, 2024 @ 9:50 am By Omar Faridi  |  

New research released by KPMG provides insight into whether consumers would reduce some of the buying and saving behaviors that have become more prevalent during the cost of living crisis, if they had more disposable income available to spend. KPMG UK’s Consumer Pulse survey gauged… Read More

September 26, 2024 @ 7:58 am By Omar Faridi  |  

As summer comes to a close and the nights draw in, new research from NatWest Premier reveals that half (50%) of Brits admit “to overspending, with fear-of-missing-out being the primary driver for 25%.” Furthermore, around one in five agree “that the pressure to keep up… Read More

June 22, 2024 @ 6:23 pm By Omar Faridi  |  

Discretionary spending hit as household cost pressures continue to mount according to the latest findings from KPMG UK‘s Consumer Pulse survey. As noted in the update, four in ten consumers say they’ve “cut back on non-essential spending, reducing their monthly discretionary budget by £77 on… Read More