The Bank of Japan (BOJ), Japan’s central bank, is reportedly looking to digital currencies as its citizens go cashless. While the country has long adhered to a “cash is king” ethos, the share of cashless payments in Japan jumped from 13.2% in 2010 to 42.8%...
Latin America continues its financial transformation as digital payments surge, pushing traditional cash toward the periphery of commerce and financial access. The region is becoming a nexus for innovation, driven by a combination of burgeoning FinTech companies and government-backed initiatives. According to the PYMNTS Intelligence...
When Apple Pay launched in 2014, it promised a future free of plastic. Over a decade later, the ripples of that revolution are still unfolding across the way consumers pay, but not in the way observers may have expected a decade ago. While digital wallets...
In March, President Donald Trump signed an executive order that mandated a shift away from paper checks for government-related transactions. Disbursements from federal agencies, payments to those agencies and transactions across supply chains will be done via direct deposit, debit and credit cards and electronic...
Fool me once, shame on you. Fool me twice, shame on me. Fool me thrice, won’t get fooled again. That’s the emerging story when it comes to shoppers and payments fraud. And with cybercriminals lurking, a growing number of U.S. consumers are ditching their plastic...
While U.S. consumers enthusiastically embrace digital wallets for sending money to friends and family, they notably trail several other developed nations in adopting mobile payments at physical store locations, highlighting a bifurcated digital payment landscape stateside. According to “How the World Does Digital,” a data-driven...
Canadian FinTech company Nuvei has joined the European Payments Initiative (EPI) and plans to enable eCommerce businesses to accept EPI’s digital wallet, Wero, in their online checkouts. Nuvei will begin pilot programs this month and expects to make this capability generally available for merchants in September, the company said in a...
AAA Life Insurance Company, which is part of the American Automobile Association (AAA), will use One Inc’s PremiumPay solution as its primary platform for digital payment processing. PremiumPay will reduce paper billing; allow policyholders to make inbound premium payments through Venmo, PayPal and other direct...
What if paying online didn’t mean putting your actual credit or debit card number at risk of fraud or purchasing errors? What if your card was ready to use instantly, before the plastic even shipped? Virtual cards can have these and other features. And consumers are...