Digital Payments

Digital Payments
Sportsbook Giants Launch Association to Promote Responsible Gambling
March 27, 2024

Seven of America’s largest sportsbook companies launched a trade group to combat problem gambling. The Responsible Online Gaming Association (ROGA), announced in a news release Wednesday (March 27), is aimed at promoting best practices in the gambling sphere. The group includes BetMGM, bet365, DraftKings, Fanatics Betting and Gaming, FanDuel, Hard Rock Digital and PENN Entertainment, which make...

Digital Payments
Western Union Connects Digital Wallets to eSIM Mobile Service
March 27, 2024

eSIM company eSIM Go has added Western Union’s digital wallets to its mobile data service. The integration, announced Wednesday (March 27), offers coverage in more than 150 countries via eSIM Go’s “Powered by Breeze” offering. “Equipping digital wallet customers with global connectivity possibilities serves the...

Digital Payments
From Crypto to Coffee, Digital Wallets Signal Shifting Financial Landscape
March 22, 2024

With Thursday’s (March 21) Department of Justice (DOJ) antitrust suit against Apple, digital wallets are top of mind. And moving over to the Web3 space, on Wednesday (March 20) Bitget Wallet, the digital wallet from the Bitget cryptocurrency exchange, announced it had reached 20 million...

Digital Payments
Thunes and Visa Expand Digital Wallet Partnership to Asia and Africa
March 21, 2024

Cross-border payments firm Thunes is expanding its partnership with Visa into Asia and Africa. The new collaboration, announced Thursday (March 21), will see Visa tap into Thunes’ network to send payments to over 108 digital wallet types and bank accounts throughout countries that include Kenya, the Philippines, Indonesia and...

Digital Payments
Consumers Spend More at Restaurants When Using Digital Wallets
March 14, 2024

Digital wallets — such as Apple Pay and Google Pay, which use near-field communication tags, and Amazon Pay and PayPal, which use QR codes — offer shoppers a contactless method to complete their purchases. Because digital wallets store encrypted debit and/or credit card information, they...

Digital Payments
Stripe Reports Total Payment Volume Rose 25%, Topping $1 Trillion
March 13, 2024

Stripe surpassed $1 trillion in total payment volume in 2023. That milestone marked a 25% increase from the previous year and meant that businesses running on Stripe accounted for about 1% of global gross domestic product (GDP), Stripe co-founders Patrick Collison and John Collison wrote...

Digital Payments
Musk: X Close to Landing NY and CA Payment Licenses
March 07, 2024

Elon Musk says X could soon receive money transmitter licenses from New York and California. The license from California could come in the next month or so, while New York’s approval may be “a few months away,” said Musk, whose comments Wednesday (March 6) at the Morgan...

Digital Payments
Paytm’s Troubles Drive Indian Customers to Walmart and Google
March 06, 2024

Paytm’s regulatory troubles appear to have pushed Indian consumers to Walmart and Google-owned payments operations. Data released Wednesday (March 5) by the National Payments Council of India (NPCI) showed that the value of Paytm payments made using the country’s Unified Payments Interface (UPI) system fell 14% between January and February. Meanwhile, PhonePe, owned by...

Digital Payments
Wedge Launches White-Label Programmable Payment Solution, Appoints President
February 28, 2024

Wedge has introduced a white-label programmable payment solution for banking associations and credit unions. The firm has also appointed Kim Askwith, formerly of Ernst & Young, as president to lead the go-to-market strategy for the product, the FinTech startup said in a Wednesday (Feb. 28) press release. The Wedge...