Nigerian mobile companies are reportedly halting text services to banks over a $259 million bill. The firms are set to disconnect the Unstructured Supplementary Service Data with banks Gbenga Adebayo, chairman of the Association of Licensed Telecommunications Operators of Nigeria told Bloomberg News Monday (May 15). According to...
Block, the parent company of Square, posted earnings results illustrating the evolution of a financial services ecosystem — with Cash App at the center. A growing number of users, management said on the most recent earnings call, are using Cash App products and services, including...
Online grocery shoppers’ payment preferences differ considerably depending on their preferred device, PYMNTS research reveals. For “Quarterly Payments Report: Mobile Wallets Gain Ground,” a new study independently produced by PYMNTS, which looks at consumer experiences and sentiments surrounding how they pay for their grocery and...
Square is giving merchants an easier way to make contactless payments. The commerce solutions provider has begun offering Tap to Pay on Android for sellers in the U.S., U.K., Australia, Ireland, France and Spain, letting them accept contactless payments with a compatible Android device, according...
Polish mobile payments company Blik has reportedly begun an international expansion. The startup — whose popularity in its home country has matched that of Apple and Google’s payment apps — wants to become accessible across the European Union, CEO Dariusz Mazurkiewicz said in a Thursday...
Seamless, embedded payment capabilities are emerging as a critical growth flywheel for tech platforms. This, as Meta pilots in-app business payment capabilities for WhatsApp users and merchants in Brazil, and Elon Musk ends Twitter’s run as an independent organization by merging the social platform with...
Kasheesh has launched a feature that lets consumers use its payment-splitting platform in physical stores. The new Mobile Wallet Dashboard allows users to generate a one-time-use Visa card at retailers that accept mobile payments, and to split purchases between debit, credit and prepaid cards, Kasheesh...
Western Union has teamed with MFS Africa to allow mobile money transfers across the continent. The partnership will allow Western Union users in 200 countries around the world to send funds to the more than 400 million mobile wallets in the MFS network, the companies...
The Zelle Network reported a 26% increase in transaction volume in 2022 as the number of participating financial institutions increased by 40%. Early Warning Services, which owns and operates the network, said in a Thursday (Feb. 16) press release that the number of financial institutions...
