Early Warning Services, operator of the Zelle money transfer system, is piloting a digital wallet called Paze to compete with digital wallets from Big Tech. Paze already has a waiting list online for banks who want in on the mounting action in digital wallets. EWS,...
In measuring the digital transformation of some 30,000 consumers in 11 countries, collectively representing half of the global gross domestic product (GDP), PYMNTS finds that digital wallet use is rising markedly. Analyzed in the PYMNTS study “How The World Does Digital: Different Paths To Digital...
Coinbase has launched a business service that makes it easier for companies to onboard their users to Web3. The new Wallet-as-a-Service (WaaS) enables companies to build fully customizable on-chain wallets for their customers that will store digital assets, facilitate transactions and act as the user’s...
Mobily has expanded its new mobile payment service, Mobily Pay. The Saudi Arabian telecom service provider has expanded Mobily Pay services in the county via a partnership with Swedish technology company Ericsson, according to a Monday (Feb. 6) press release. Ericsson will “continuously evolve and...
Money-storing apps are going mainstream, and although PayPal leads in consumer popularity, financial institutions (FIs) may have a major opportunity to leverage the trust they have earned and build loyalty by providing their own options. As noted in the most recent PYMNTS/Treasury Prime collaboration, “Money-Storing...
After getting off to a long, slow start, digital wallets are catching on in a big way. In the first challenge to the primacy of physical wallets since they were invented in the 1300s, more consumers are seeing value in — and using — the...
With nearly every adult consumer carrying some type of smartphone, digital wallets are an increasingly viable alternative payment method at the point of sale (POS) and online. Payments are not all they can do, either: They have also become a convenient way to store loyalty...
Among consumers using digital wallets, and bill pay is outpacing actual purchases made with the apps. In fact, they are fast emerging as a “super power” that benefits consumers and credit unions alike, Sanjay Gupta, executive vice president of digital payments at ACI Worldwide, and...
Digital wallet use is increasing, earning the top spot as a preferred alternative payment method. In Europe, for example, Big Tech mobile wallets like Apple Wallet and Google Pay, which have surged in popularity in recent years, hold a significant market share. Data from Italy-based...
