# Chime: Digital payments transformation

Source: https://www.bankingnewsai.com/fintech/chime/digital-payments-transformation
Last updated: Oct 19, 2026

*Part of the [Chime AI strategy profile](https://www.bankingnewsai.com/fintech/chime).*

## What is Chime's role in the digital payments transformation?

Chime calls its model payments-led: card spend by everyday Americans drives most of its revenue. Members' purchase volume on Chime-branded debit and credit cards was $133.7 billion in 2025, up from $115.2 billion in 2024 and $92.4 billion in 2023, and $38 billion in the second quarter of 2026, up 17%. Payments revenue, mostly interchange, was $1.5 billion in 2025. Active Members grew from 6.6 million at the end of 2023 to 10.4 million at June 30, 2026, and the 10-K says the majority rely on Chime as their primary financial relationship. The mix is shifting from debit to credit: credit cards were 16% of purchase volume in 2024 and 27% in Q2 2026, after the secured Chime Card launched in September 2025. Money also moves outside card rails: outbound instant transfers, launched in January 2025, reached $640 million of volume in Q3 2025, and SpotMe, MyPay and Instant Loans exited 2025 at over $40 billion of annualized originations. All of it runs on ChimeCore, Chime's own processor since late 2025. AI sits on the fraud and underwriting side of that shift. ([Chime](https://www.chime.com/newsroom/news/2025-letter-to-shareholders/), [Chime via SEC EDGAR](https://www.sec.gov/Archives/edgar/data/1795586/000179558626000013/chym-20251231.htm), [U.S. Securities and Exchange Commission (EDGAR)](https://www.sec.gov/Archives/edgar/data/1795586/000179558626000048/chym-20260630.htm), [Chime](https://investors.chime.com/news-releases/news-release-details/chime-reports-second-quarter-2026-financial-results), [Chime](https://investors.chime.com/news-releases/news-release-details/chime-makes-fee-free-banking1-even-more-rewarding-introducing), [U.S. Securities and Exchange Commission (EDGAR)](https://www.sec.gov/Archives/edgar/data/1795586/000179558625000015/ex991q325.htm), [U.S. Securities and Exchange Commission (EDGAR)](https://www.sec.gov/Archives/edgar/data/1795586/000179558626000004/ex991q425.htm))

## How much does Chime process, and how fast is it growing?

From Chime's 10-K, 10-Q and quarterly earnings releases (8-K Exhibit 99.1). Purchase Volume (PV) is the dollar value of member purchases on Chime-branded debit and credit cards; it excludes deposits, ATM withdrawals, SpotMe and MyPay advances, Pay Anyone and outbound instant transfers (OIT).

| Metric | Value | Period | Sources |
| --- | --- | --- | --- |
| Purchase Volume | $133,680 million (2025); $115,152 million (2024); $92,396 million (2023) | 2023–2025 | [Chime via SEC EDGAR](https://www.sec.gov/Archives/edgar/data/1795586/000179558626000013/chym-20251231.htm) |
| Purchase Volume including OIT | $134 billion, up 16%; $136 billion including OIT volume, up 18% | 2025 | [U.S. Securities and Exchange Commission (EDGAR)](https://www.sec.gov/Archives/edgar/data/1795586/000179558626000004/ex991q425.htm) |
| Purchase Volume, quarterly | $32.3 billion, up 15% (Q3 2025); $34.4 billion, up 13% (Q4 2025); $39 billion, up 12% (Q1 2026) | Q3 2025–Q1 2026 | [U.S. Securities and Exchange Commission (EDGAR)](https://www.sec.gov/Archives/edgar/data/1795586/000179558625000015/ex991q325.htm), [U.S. Securities and Exchange Commission (EDGAR)](https://www.sec.gov/Archives/edgar/data/1795586/000179558626000004/ex991q425.htm), [Chime](https://investors.chime.com/news-releases/news-release-details/chime-reports-first-quarter-2026-financial-results) |
| Purchase Volume, Q2 2026 | $38,034 million against $32,430 million in Q2 2025; $39.4 billion including OIT volume, up 20% | Q2 2026 | [U.S. Securities and Exchange Commission (EDGAR)](https://www.sec.gov/Archives/edgar/data/1795586/000179558626000048/chym-20260630.htm), [Chime](https://investors.chime.com/news-releases/news-release-details/chime-reports-second-quarter-2026-financial-results) |
| Active Members | 6.6 million (2023); 8.0 million (2024); 9.5 million (2025), as of each fourth quarter; 10.4 million, up 20%, at June 30, 2026 | 2023–2026 | [Chime via SEC EDGAR](https://www.sec.gov/Archives/edgar/data/1795586/000179558626000013/chym-20251231.htm), [Chime](https://investors.chime.com/news-releases/news-release-details/chime-reports-second-quarter-2026-financial-results) |
| Payments revenue | $1,500.6 million in 2025, up 18%, against $1,276.6 million in 2024; $430 million in Q2 2026, up 17% | 2024–Q2 2026 | [Chime via SEC EDGAR](https://www.sec.gov/Archives/edgar/data/1795586/000179558626000013/chym-20251231.htm), [Chime](https://investors.chime.com/news-releases/news-release-details/chime-reports-second-quarter-2026-financial-results) |
| Credit share of Purchase Volume | 16% (2024); 17% (2025); 27% (Q2 2026), with debit at 73% | 2024–Q2 2026 | [Chime via SEC EDGAR](https://www.sec.gov/Archives/edgar/data/1795586/000179558626000013/chym-20251231.htm), [U.S. Securities and Exchange Commission (EDGAR)](https://www.sec.gov/Archives/edgar/data/1795586/000179558626000048/chym-20260630.htm) |
| Average revenue per Active Member (ARPAM) | $245 (2024); $257 (2025); $260 in Q2 2026, up 6% | 2024–Q2 2026 | [Chime via SEC EDGAR](https://www.sec.gov/Archives/edgar/data/1795586/000179558626000013/chym-20251231.htm), [Chime](https://investors.chime.com/news-releases/news-release-details/chime-reports-second-quarter-2026-financial-results) |
| Liquidity originations | SpotMe, MyPay and Instant Loans exited 2025 at over $40 billion in annualized origination volume; MyPay originations $4.5 billion in Q2 2026 at a 0.9% loss rate; Instant Loans originations $300 million in Q2 2026 | 2025–Q2 2026 | [U.S. Securities and Exchange Commission (EDGAR)](https://www.sec.gov/Archives/edgar/data/1795586/000179558626000004/ex991q425.htm), [Chime](https://investors.chime.com/news-releases/news-release-details/chime-reports-second-quarter-2026-financial-results) |

## How is the way Chime members pay and move money changing?

| Shift | What Chime reports | Date | Sources |
| --- | --- | --- | --- |
| Debit to credit | Chime Card, a secured Visa credit card with 1.5% cash back for Chime+ members, launched September 9, 2025; credit share of PV rose from 16% in September 2025 to 21% in December and nearly 25% in March 2026 | 2025–2026 | [Chime](https://investors.chime.com/news-releases/news-release-details/chime-makes-fee-free-banking1-even-more-rewarding-introducing), [U.S. Securities and Exchange Commission (EDGAR)](https://www.sec.gov/Archives/edgar/data/1795586/000179558626000004/ex991q425.htm), [Chime](https://investors.chime.com/news-releases/news-release-details/chime-reports-first-quarter-2026-financial-results) |
| Card built on Chime's own core | Chime Card is the first product built entirely on ChimeCore; over half of new member cohorts adopt it and put over 70% of their Chime spend on it | Q4 2025 | [U.S. Securities and Exchange Commission (EDGAR)](https://www.sec.gov/Archives/edgar/data/1795586/000179558626000004/ex991q425.htm) |
| Primary account and direct deposit | Chime Prime, launched April 2, 2026 for members with $3,000 or more in monthly qualifying direct deposits, offers 5% cash back on a chosen Chime Card category; Prime members generated more than double the ARPAM of the average Active Member in Q2 2026 | 2026 | [Chime](https://investors.chime.com/news-releases/news-release-details/americas-1-choice-banking-expands-its-lead-launch-chime-prime), [Chime](https://investors.chime.com/news-releases/news-release-details/chime-reports-second-quarter-2026-financial-results) |
| Instant outbound transfers | OIT launched in January 2025 at a 1.75% fee to move funds instantly to members' other accounts; $640 million of volume in Q3 2025; processed by TabaPay | 2025 | [U.S. Securities and Exchange Commission (EDGAR)](https://www.sec.gov/Archives/edgar/data/1795586/000179558625000015/ex991q325.htm), [Chime via SEC EDGAR](https://www.sec.gov/Archives/edgar/data/1795586/000179558626000013/chym-20251231.htm) |
| Peer-to-peer | Pay Anyone lets members send instant payments to anyone, regardless of whether the recipient uses Chime; no volume disclosed | FY2025 10-K | [Chime via SEC EDGAR](https://www.sec.gov/Archives/edgar/data/1795586/000179558626000013/chym-20251231.htm) |
| Earned wage access | MyPay, launched in 2024, passed $400 million in annualized revenue in Q4 2025 with a transaction margin of nearly 60% | Q4 2025 | [U.S. Securities and Exchange Commission (EDGAR)](https://www.sec.gov/Archives/edgar/data/1795586/000179558626000004/ex991q425.htm), [Chime via SEC EDGAR](https://www.sec.gov/Archives/edgar/data/1795586/000179558626000013/chym-20251231.htm) |
| Employer channel | Chime Workplace embedded in Workday Wellness, giving access to Workday's 11,000 customers and 75 million users under contract (August 2025); UKG partnership (Q3 2025); Allied Universal and a large national retailer signed, together employing more than 350,000 people (Q2 2026) | 2025–2026 | [American Banker](https://www.americanbanker.com/payments/news/chime-partners-with-workday-for-new-distribution-channel), [U.S. Securities and Exchange Commission (EDGAR)](https://www.sec.gov/Archives/edgar/data/1795586/000179558625000015/ex991q325.htm), [Chime](https://investors.chime.com/news-releases/news-release-details/chime-reports-second-quarter-2026-financial-results) |

## Which networks and processors does Chime's money movement run on?

| Component | Role | Date | Sources |
| --- | --- | --- | --- |
| ChimeCore | Proprietary payment processor and ledger, launched in 2024; Chime reported the migration complete, ahead of schedule, on November 5, 2025, and as of November 2025 it processes all payments, transfers, deposits and withdrawals | 2024–2025 | [Chime via SEC EDGAR](https://www.sec.gov/Archives/edgar/data/1795586/000179558626000013/chym-20251231.htm), [U.S. Securities and Exchange Commission (EDGAR)](https://www.sec.gov/Archives/edgar/data/1795586/000179558625000015/ex991q325.htm) |
| Visa | Chime Debit Cards are Visa-branded debit cards issued by Chime's bank partners; the Chime Card is a secured Chime Visa credit card | 2025 | [Chime via SEC EDGAR](https://www.sec.gov/Archives/edgar/data/1795586/000179558626000013/chym-20251231.htm), [Chime](https://investors.chime.com/news-releases/news-release-details/chime-makes-fee-free-banking1-even-more-rewarding-introducing) |
| Partner banks | The Bancorp Bank, N.A. and Stride Bank, N.A. hold member accounts and issue the cards; Chime earns interchange-based fees from the card programs | FY2025 10-K | [Chime via SEC EDGAR](https://www.sec.gov/Archives/edgar/data/1795586/000179558626000013/chym-20251231.htm) |
| TabaPay | Third-party instant money movement platform that processes outbound instant transfers | FY2025 10-K | [Chime via SEC EDGAR](https://www.sec.gov/Archives/edgar/data/1795586/000179558626000013/chym-20251231.htm) |
| ATM and cash networks | ATM access through Allpoint, MoneyPass and Visa Plus Alliance; cash deposits processed mainly by Interactive Communications International; 47,000 fee-free ATMs cited at the Chime Card launch | 2025 | [Chime via SEC EDGAR](https://www.sec.gov/Archives/edgar/data/1795586/000179558626000013/chym-20251231.htm), [Chime](https://investors.chime.com/news-releases/news-release-details/chime-makes-fee-free-banking1-even-more-rewarding-introducing) |
| Stride Bank acquisition (pending) | Definitive agreement for $590 million in cash; Stride would become Chime Bank, N.A.; Chime says owning the bank will eliminate partner-bank fees and reduce funding cost; expected to close in the first half of 2027, subject to OCC and Federal Reserve approval | September 8, 2026 | [Chime](https://investors.chime.com/news-releases/news-release-details/chime-announces-agreement-acquire-stride-bank) |

## How does Chime frame the shift, where does AI come in, and what is not disclosed?

Chime describes a payments-driven model. The 10-K says purchase volume is a key driver of payments revenue because interchange fees are generally set as a percentage of it, and interchange from debit card transactions was 49% of 2025 revenue. CEO Chris Britt's 2025 letter says Chime generates revenue primarily through payments and puts its cost to serve at roughly one-third of large banks. ([Chime via SEC EDGAR](https://www.sec.gov/Archives/edgar/data/1795586/000179558626000013/chym-20251231.htm), [Chime](https://www.chime.com/newsroom/news/2025-letter-to-shareholders/))

The Stride agreement is framed as the next step in the same model: Chime says it will stay "payments-led and asset-light", expects more than $100 million in net synergies, and will keep its assets below $10 billion for the foreseeable future. ([Chime](https://investors.chime.com/news-releases/news-release-details/chime-announces-agreement-acquire-stride-bank))

AI enters as the control layer on faster money movement. Chime's real-time fraud pipeline ingests card swipes and peer-to-peer payments, its 10-K describes sub-second machine learning predictions for fraud, and its Q2 2026 10-Q warns that generative and agentic AI have made fraud attacks more sophisticated. The AI products are on the companion page. ([Amazon Web Services](https://aws.amazon.com/blogs/big-data/how-chime-financial-uses-aws-to-build-a-serverless-stream-analytics-platform-and-defeat-fraudsters/), [Chime via SEC EDGAR](https://www.sec.gov/Archives/edgar/data/1795586/000179558626000013/chym-20251231.htm), [U.S. Securities and Exchange Commission (EDGAR)](https://www.sec.gov/Archives/edgar/data/1795586/000179558626000048/chym-20260630.htm))

What is not disclosed: transaction counts, Pay Anyone volume, OIT volume after Q3 2025 as a standalone figure, digital wallet or tokenized share of card spend, and which real-time payment rails its instant transfers use beyond naming TabaPay as processor. The FY2025 10-K does not mention RTP or FedNow. ([Chime via SEC EDGAR](https://www.sec.gov/Archives/edgar/data/1795586/000179558626000013/chym-20251231.htm), [U.S. Securities and Exchange Commission (EDGAR)](https://www.sec.gov/Archives/edgar/data/1795586/000179558625000015/ex991q325.htm))

## What does the Chime profile record on this topic?

| Date | Move | Detail | Sources |
| --- | --- | --- | --- |
| Sep 8, 2026 | Agreement to acquire Stride Bank | Chime agrees to buy its partner bank Stride Bank, N.A. for $590 million in cash; Stride would become Chime Bank, N.A., subject to OCC and Federal Reserve approval, with closing expected in the first half of 2027. | [Chime](https://investors.chime.com/news-releases/news-release-details/chime-announces-agreement-acquire-stride-bank) |
| Aug 5, 2026 | Q2 2026 results and CFO change | Revenue reaches $670 million (+27%) and Active Members 10.4 million; CFO Matt Newcomb steps down and President Mark Troughton becomes President and Interim CFO. | [Chime](https://investors.chime.com/news-releases/news-release-details/chime-reports-second-quarter-2026-financial-results) |
| May 6, 2026 | Q1 2026: 84% of code shipped with AI assistance | Chime reports $647 million revenue (+25%) and $53 million net income, and says AI-assisted code development scaled from about 29% to 84% of code shipped in four months while headcount stayed flat. | [Chime](https://investors.chime.com/news-releases/news-release-details/chime-reports-first-quarter-2026-financial-results) |
| Apr 17, 2026 | Shareholder letter names Jade as the next step | Chris Britt's 2025 letter reports $2.2 billion in 2025 revenue (+31%) and 9.5 million active members, and describes Jade as an AI co-pilot meant to understand a member's full financial picture and, with permission, act on their behalf. | [Chime](https://www.chime.com/newsroom/news/2025-letter-to-shareholders/) |
| Jun 11, 2025 | IPO priced on Nasdaq | Chime prices its initial public offering of 32,000,000 Class A shares at $27.00, with trading on the Nasdaq Global Select Market under 'CHYM' expected from 12 June 2025. | [Chime](https://investors.chime.com/news-releases/news-release-details/chime-announces-pricing-initial-public-offering) |

## Common questions

### How much payment volume does Chime process?

Chime members made $133.7 billion of purchases on Chime-branded debit and credit cards in 2025, up from $115.2 billion in 2024, per its FY2025 10-K. In the second quarter of 2026 purchase volume was $38 billion, up 17%, or $39.4 billion including outbound instant transfer volume.

### How does Chime make money from payments?

Mostly from interchange. Payments revenue was $1.5 billion of Chime's $2.2 billion total revenue in 2025, and interchange from debit card transactions alone was 49% of revenue. Chime also earns platform-related revenue from MyPay, instant transfer fees, ATMs and Instant Loans, which grew 73% in 2025 to $686 million.

### Is Chime moving members from debit to credit?

Yes. After the secured Chime Card launched in September 2025, credit card transactions rose from 16% of purchase volume in September to 21% in December 2025 and 27% in the second quarter of 2026, per Chime's earnings release and 10-Q. Chime says credit spend earns materially higher take rates than debit.

### Does Chime own a bank?

Not yet. On September 8, 2026 Chime agreed to buy its partner bank Stride Bank, N.A. for $590 million in cash. Stride would become Chime Bank, N.A. The deal needs OCC and Federal Reserve approval and is expected to close in the first half of 2027; until then accounts are held at The Bancorp Bank and Stride.

### What payment processor does Chime use?

Its own. ChimeCore, a proprietary payment processor and ledger launched in 2024, processes all of Chime's payments, transfers, deposits and withdrawals as of November 2025, after a migration away from Galileo Financial Technologies. Outbound instant transfers are processed by TabaPay, and Chime's debit and credit cards run on Visa.
## Deeper on Chime

- [How does Chime use AI across its payment ecosystem?](https://www.bankingnewsai.com/fintech/chime/payment-ecosystem-ai)

## Same question, other companies

- [Revolut: digital payments transformation](https://www.bankingnewsai.com/fintech/revolut/digital-payments-transformation)
- [Affirm: digital payments transformation](https://www.bankingnewsai.com/fintech/affirm/digital-payments-transformation)
- [Klarna: digital payments transformation](https://www.bankingnewsai.com/fintech/klarna/digital-payments-transformation)
- [PayPal: digital payments transformation](https://www.bankingnewsai.com/fintech/paypal/digital-payments-transformation)
- [Block: digital payments transformation](https://www.bankingnewsai.com/fintech/block/digital-payments-transformation)
- [Stripe: digital payments transformation](https://www.bankingnewsai.com/fintech/stripe/digital-payments-transformation)
- [Adyen: digital payments transformation](https://www.bankingnewsai.com/fintech/adyen/digital-payments-transformation)
- [Visa: digital payments transformation](https://www.bankingnewsai.com/fintech/visa/digital-payments-transformation)
- [Mastercard: digital payments transformation](https://www.bankingnewsai.com/fintech/mastercard/digital-payments-transformation)
- [Ramp: digital payments transformation](https://www.bankingnewsai.com/fintech/ramp/digital-payments-transformation)
- [Plaid: digital payments transformation](https://www.bankingnewsai.com/fintech/plaid/digital-payments-transformation)
- [Amex: What is American Express's role in the digital payments transformation?](https://www.bankingnewsai.com/banks/american-express/digital-payments-transformation)


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