Being underbanked or unbanked is a significant disadvantage in modern society, as this locks households out of personal loans, direct deposits, many types of credit payments and a host of other functionalities that much of the world takes for granted. There are 1.7 billion unbanked...
Italy could give merchants permission to decline digital payments on transactions under 60 euros. New prime minister Giorgia Meloni has proposed that change in her draft budget for next year, as well as plans to increase the limit for legal cash transactions from 1,000 euros...
Individuals with mobile phones outnumber those with bank accounts in the most underbanked regions of the world, offering the telecom industry a prime opportunity to fulfill a vital role. In this month’s "Telecommunications Payments Tracker®," four telecom providers tell PYMNTS how the industry is ideally...
The digital banking renaissance has laid out a golden opportunity for telecom companies. Although states have largely eased their pandemic restrictions, many habits consumers picked up in the past few years of the pandemic are here to stay, including digital banking. This unprecedented digital shift...
Twitter CEO Elon Musk said his company will make a second attempt next week at launching a verification service, following a botched launch that saw a number of users impersonating celebrities and companies. Musk mentioned the new color-coded verification system Saturday (Nov. 26) in a...
As connected technologies increasingly make their way into the grocery industry, digital payments both in stores and online are changing the way consumers engage with merchants. Overall, in-store shopping remains far and away how most consumers are purchasing their groceries, but its share of total...
Business process solutions company Conduent has launched its new digital integrated payments hub, offering businesses and public sector agencies a centralized platform consolidating different payment processes and systems. With this new platform, users can access options to send, request or receive payments in ways that...
Thunes has teamed up with China’s Tencent Financial Technology, allowing members of the Thunes network to send payments to the 1.3 billion users on Tencent’s Weixin service. The collaboration makes Thunes the first payment infrastructure network to connect with the Chinese company, according to a...
Through the past few years, companies have proven a level of resilience that scarcely seemed imaginable when the pandemic shook the globe. Businesses had to examine internal processes urgently to ensure continuity as we all sheltered in place. Robert Johnson, senior vice president of payments...