Affirm's first-ever earnings show its boost from the BNPL boom

What to read today: The Subscription Payments Ecosystem Report: Insider Intelligence examines the size of the current subscription payments opportunity and discusses what's driving its growth. The report evaluates the top types of subscription payments solutions providers, as well as their strengths and weaknesses, before analyzing the subscription payments process and what makes it unique from a standard one-time payment..

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February 20, 2021 Affirm's fiscal Q2 2021 earnings highlight transaction growth as consumers turn to installment lending services. Affirm reported a 55% annual increase in gross merchandise volume, reaching a value of $2.1 billion in its fiscal Q2 2021—marking the company's first earnings report since going public in January 2021. Affirm's recent results come amid BNPL services' surging popularity throughout the coronavirus pandemic as consumers lean into flexible payment options. Despite its 2020 success, Affirm could be facing some challenges ahead as competition heats up and regulators take a closer look into BNPL services. Insider Intelligence's Adriana Nunez has the full story. BRIEFING HIGHLIGHTS UK banks stuck in a race to the bottom on interest rates Looming negative rates and digital challengers are pushing UK incumbents to compete on savings accounts. Read More → BitPay looks to build up crypto payments with mobile wallets move BitPay Mastercard cardholders can now use their cards with Apple Pay, with Google Pay and Samsung Pay soon to follow as crypto payments heat up. Read More → Goldman Sachs' Marcus makes a splash in the robo-advisory pool Goldman Sachs' digital-only consumer bank has added the investment tool to bolster its fintech offering. Read More → Lemonade added Bestow's term life insurance coverage Lemonade added Bestow's term life insurance coverage, which may help its latest offering stand out from traditional term life coverage. Read More → Shopify and Amazon are looking to woo online sellers Shopify announced a surge in gross merchandise volume driven by its platform sellers as Amazon looks to expand its merchant offerings. Read More → Revolut may be pushing its luck with new fees for Irish customers Revolut announced additional limits on no-fee ATM withdrawals and international money transfers for its Irish customers Read More → Q&A with Green Dot's CEO on differentiation in digital banking We spoke with Green Dot's CEO about how its new digital-only offshoot Go2bank aligns with the company's focus on low- to moderate-income consumers. Read More → Personetics raises $75 million to drive hyperpersonalization in banking Personetics has secured $75 million in funding as global banks strive to boost their digital user experience. Read More → Blockchain industry heats up with yet another mega-round Blockchain.com will use funding to bolster its institutional offering, which will help keep its momentum as institutional interest in crypto rises. Read More → Marqeta leaps into credit card issuing following rumored IPO plans Marqeta has announced plans to start issuing credit cards after gaining a strong foothold in the debit and prepaid issuing market. Read More → RESEARCH IN FOCUS The Subscription Payments Ecosystem Report Insider Intelligence examines the size of the current subscription payments opportunity and discusses what's driving its growth. The report evaluates the top types of subscription payments solutions providers, as well as their strengths and weaknesses, before analyzing the subscription payments process and what makes it unique from a standard one-time payment. Get the full report → Innovation Strategies at Small and Midsize FIs Insider Intelligence provides some best practices for smaller FIs looking to digitally innovate, based on exclusive interviews and our own analysis. The report gives an overview of the small and midsize US banking market, and the unique challenges this tier faces when it comes to digitization. Get the full report → Global Small Business Neobanks Report Insider Intelligence explores the key factors driving an explosion of neobank activity in the SMB segment and the strategies these upstarts are leveraging to capture shares of this lucrative banking vertical. Get the full report → BECOME A SUBSCRIBER Did you know the Daily is just a preview of everything Business Insider Intelligence has to offer? Our Briefing subscriptions deliver analysis on the biggest trends and decisions shaping the future of a specific industry. Stay on top and subscribe today to receive: A cornerstone industry report Daily Morning newsletters Opportunities to join the conversation Get Started Today → FOLLOW US Email sent to: nguyenvu1187.love5@blogger.com Manage your email preferences  |  Unsubscribe  |  Terms of Service  |  Privacy Policy © 2021 Insider Inc. 1 Liberty Plaza, New York, NY 10006