BMO has teamed with Extend and Mastercard to offer clients new virtual card creation capabilities. The collaboration, announced Monday (Aug. 28), lets BMO (Bank of Montreal) commercial bank customers in the U.S. and Canada create and push virtual cards to employees’ mobile wallets such as Apple Pay, letting them spend...
Kenyan telecom Safaricom has brought its mobile money service M-Pesa to Ethiopia. As the Financial Times (FT) reported Saturday (Aug. 26), the service went live in Africa’s second-most populous country this month, and will be promoted nationwide in September. “By the end of September we will fully launch M-Pesa here....
Tala says it is approaching 1 million wallet users in the Philippines after launching there in April. The announcement by the money app for the underbanked Wednesday (Aug. 22) comes months after it reached 8 million customers, and is happening amid a worldwide increase in...
FNBO has teamed with Visa to provide customers with a better mobile wallet experience. FNBO (First National Bank of Omaha) announced the collaboration Tuesday (Aug. 22), saying it provides instant account credential delivery to a user’s mobile wallet with no need to download an app. Users get an account number...
Half of consumers won’t pay bills with mobile wallets if they must pay extra. Mobile wallet use for bill pay is growing across age demographics, with consumers preferring the speed and convenience it provides over legacy methods such as writing paper checks. The rate of this...
Chinese payments platform Alipay has debuted an “International Version” of its app for overseas travelers to China. The new version, announced Thursday (Aug. 17), is designed to fulfill international travelers’ mobile payment needs in China while integrating common travel services like hotel and airfare booking,...
Millennials are leveraging their digital wallets for far more than just in-store purchases, PYMNTS research reveals, while other generations are more hesitant to adopt these features. For PYMNTS’ study “The Mobile Wallet Challenge: Replacing Physical With Digital,” created in collaboration with ACI Worldwide, we surveyed...
Around the world, merchants large and small have adopted digital wallet payments, but many are now happy with the status quo and not particularly interested in stepping up their tech efforts with this payment method. For PYMNTS’ study “2023 Global Digital Shopping Index – The...
As consumers across age groups adopt mobile wallets, some generations are engaging with the technology in many different aspects of their lives, while others are proving to be a little more hesitant. For the PYMNTS study “The Mobile Wallet Challenge: Replacing Physical With Digital,” created...
