Digital Payments

Digital Payments
New Report: What’s in Gen Z’s Mobile Wallet?
June 20, 2024

Consumers are embracing digital wallets, and more than 70% of consumers globally now use one. In fact, many consumers have stored credentials and used a digital wallet to verify their identities or to access events. PYMNTS Intelligence’s data shows satisfaction with the convenience and ease...

Digital Payments
Paytm Continues to Lose Digital Payments Ground to Google and Walmart
June 06, 2024

India-based Paytm’s share of the country’s Unified Payments Interface (UPI) continues to slip. The FinTech made up 8.1% of total UPI transactions last month, down from 13% in January, the National Payments Corporation of India said in data released Thursday (June 6). Paytm accounted for...

Digital Payments
Visa and SeA Bank Team to Drive Digital Payments in Vietnam
May 30, 2024

Visa is expanding its partnership with Southeast Asia Commercial Joint Stock Bank (SeABank). The latest effort between the two companies is designed to help develop digital payments in Vietnam, SeABank said in a news release Wednesday (May 29). According to a news release, the effort...

Digital Payments
Trustly CEO: IPO Is Still 1 to 2 Years Away Despite Profit Jump
May 30, 2024

The CEO of Swedish FinTech Trustly says going public is not yet on the company’s radar. Speaking to CNBC Thursday (May 30), Johan Tjarnberg said that although his company just recorded a 51% increase in operating profit, it still has to sell its business model to investors before it can consider...

Digital Payments
Payments Orchestration Lowers Expense of Digital Payments Acceptance
May 22, 2024

There’s no shortage of evidence showing that digital payment methods are nearing a tipping point. As PYMNTS Intelligence and the Federal Reserve have reported, consumers and businesses are accelerating their use of digital wallets and instant payments. The Fed’s Consumer Research Brief found that 57% of consumers expect to...

Digital Payments
Stripe Steps Up UK Expansion With London Office
May 21, 2024

Stripe is reportedly opening a new London location as part of a larger U.K. expansion. This new office will house 250 workers from the payments company’s engineering, sales, partnerships, financial compliance and operations departments, with plans to hire 30 more workers, Stripe President and Co-founder John Collison told Bloomberg...

Digital Payments
Visa and SKUx Team to Promote Digital Consumer Payments
May 16, 2024

Visa has launched a collaboration with digital payments company SKUx. “The agreement will accelerate digital transformation for select merchants and consumer packaged goods companies that leverage SKUx’s payment-based offer solutions — supporting a variety of client use cases; from customer acquisition, to loyalty, to consumer care and recovery, while...

Digital Payments
Less Than Half of FinTech Banks Let Consumers Make P2P Payments
May 10, 2024

FinTechs must make money mobility a top priority if they want to woo consumers away from traditional banks. While PYMNTS Intelligence’s data confirms FinTechs have made progress in meeting consumer expectations around instant payments, there is still room for improvement. In “FinTechs’ Instant Payment Mismatch,”...

Digital Payments
Digital Payments Help Construction Firms Overcome Manual Misery
May 09, 2024

The construction industry is a critical one, but it has a giant problem: late payments. In a sector where cash flow couldn’t be more important to firms’ survival, slow and delayed payments in the construction space cost businesses $273 billion in 2023 — representing nearly 14% of total construction costs, up from...