What to read today: US Mobile Payments Forecast 2021: In this report, we present our eMarketer forecasts for growth in the mobile proximity and mobile P2P payments space, as well as assess top players in each area. Based on core data, the report identifies the driving forces behind each sector's growth for both payers and payees. It also examines which demographic groups will be core to growth moving forward..
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 | July 31, 2021 | |  | | American Express delivers explosive Q2 results driven by rewards revamp. | In Q2, Amex's proprietary billed business surged 51% year over year (YoY)—a strong rebound from last quarter, when the metric slipped 9% YoY, that marks a turning point in the issuer's pandemic recovery.
What helped Amex: The issuer updated card perks earlier this year, which may have induced more spending. The issuer likely also benefited from Q2's impressive COVID-19 vaccination rates, which let consumers spend more time outside their homes.
Amex can boost volume and revenues by targeting younger consumers (specifically millennials and Gen Zers), who—along with small businesses—contributed the largest portion of spending growth in Q2.
Insider Intelligence's Adriana Nunez has the full story. | | |  | BRIEFING HIGHLIGHTS | | | | | | | | | | | | | | | | | | | | | |  | RESEARCH IN FOCUS | |  | | US Mobile Payments Forecast 2021 | | In this report, we present our eMarketer forecasts for growth in the mobile proximity and mobile P2P payments space, as well as assess top players in each area. Based on core data, the report identifies the driving forces behind each sector's growth for both payers and payees. It also examines which demographic groups will be core to growth moving forward. | | Get the full report → | | |  | | How High-Net-Worth Individuals Invest | | With $68 trillion in assets set to transfer to younger generations over the next 30 years, wealth managers who target high-net-worth individuals (HNWIs) must adapt by using digital solutions to enhance their existing white-glove services—not replace them. This report examines the key characteristics of high-net-worth consumers in the US and their financial services needs. | | Get the full report → | | |  | | Blockchain in Payments | | Blockchain is attracting enormous interest on the back of surging cryptocurrency valuations and increasingly high-profile payment integrations. Insider Intelligence presents a balanced look at the blockchain payment use cases with the highest maturity. The report ranks the three main use cases according to specific benchmarking criteria and examines the benefits and obstacles each faces in achieving wide-scale disruption. | | Get the full report → | | |  | BECOME A SUBSCRIBER | | | 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:
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