PSCU Payments Index June 2023: Higher Prices Still Weighing on Consumer Spending Decisions

Summary: The June edition of the PSCU Payments Index reveals a continued slowdown in consumer spending — an indication that consumers are likely still being financially cautious. Explore the Money Services sector - this month's Deep Dive in the Payments Index - which has a more notable share of overall debit activity as compared to credit and includes peer-to-peer (P2P) activity of merchants and payment facilitators such as Cash App, Venmo and PayPal.