But the mounting risk of a second wave hitting the US during the winter months could revert growth. Consumers could limit spending to essential purchases to an even greater extent than they already have, especially among those financially affected by the pandemic.
Further, dipping confidence and more restrictions could bring about an overall decline in volume, which issuers have been working to incentivize, in turn causing further declines and undoing recovery progress. Join other Insider Intelligence clients who receive this Briefing, along with other Payments & Commerce forecasts, briefings, charts, and research reports to their inboxes each day.
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