What to read today: US Mobile Wallets in 2020 and Beyond Report: An overall uptick in US consumer time spent on smartphones is trickling down to payments and commerce and driving volume in three core categories: mobile commerce (m-commerce), mobile peer-to-peer (P2P) payments, and mobile proximity payments. This report sizes the mobile payments market and identifies what''s driving growth in these key areas..
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 | April 18, 2020 | |  | | Amex is adjusting rewards to accommodate the drop in consumer spending amid the pandemic. | The card issuer is heavily emphasizing its pay with points offerings by giving customers 20% off in up to $50 total in savings through mid-April, and increasing the value of points by up to 30% in its proprietary shop.
It's also doubling rewards for takeout and delivery orders placed on Grubhub and Seamless as spending in these sectors rises — a move that could particularly appeal to millennials, who have been a key demographic for the brand.
Tweaking rewards to meet shifting trends could help Amex and other issuers amid declining spending, especially since 79% of customers cite rewards as a key factor to garnering top-of-wallet status.
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|  | BRIEFING HIGHLIGHTS | | | | | | | | | | | | | | | | | | | | | |  | RESEARCH IN FOCUS | |  | | US Mobile Wallets in 2020 and Beyond Report | | An overall uptick in US consumer time spent on smartphones is trickling down to payments and commerce and driving volume in three core categories: mobile commerce (m-commerce), mobile peer-to-peer (P2P) payments, and mobile proximity payments. This report sizes the mobile payments market and identifies what''s driving growth in these key areas. | | Get the full report → | | |  | | Telemental Health Report | | This report explores how the onus of the US' mental health crisis falls on health systems and hospitals, and how they can navigate the costly dilemma via telemental health. We dive into challenges providers are presented with amid the crisis and how traditional mental health strategies are falling short in addressing them. | | Get the full report → | | |  | | The Online Grocery Report | | Business Insider Intelligence looks at a variety of grocers' curbside pickup and grocery delivery options, analyzing how they compare with competitors' strategies, how profitable they are for the grocer, and what their future may be. Finally, we examine different strategies companies can use to optimize the profitability of their online grocery offerings. | | Get the full report → | | |  | BECOME A SUBSCRIBER | | Did you know the Daily is just a preview of everything Business Insider Intelligence has to offer?
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