Digital wallets are now the

"Cards continue to grow in and out of wallets A2A hasn't yet competed with cards BNPL will grow at 9% CAGR, E-commerce is outgrowing POS by 2:1. Wallets will move from 50% today to 61% market share by 2027 Credit cards will drop from 22% to 15%. A2A services (like UPI and Pix) thrive when the government supports them.

So what 👇

🧠 Wallets win. I'm genuinely curious to see if Paze will be anything more than a history lesson in banks failure, or a real market share grab like Zelle. By contrast, Venmo and CashApp are well placed. The global story is way more fragmented and needs to be figured out by Apple or Google. Both seem useless at consumer innovation lately, so I'm not holding out hope.

🧠 FedNow won't bring an RTP revolution; but pay by bank might. Trustly, Plaid and others are slooowly, making 2024 the year of pay by bank. But the twist? It's for high value one-off or recurring payments. It's displacing ACH and checks (and often runs on ACH)."

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