Mobile Wallets

Mobile Wallets
Security Features Drive Digital Wallet Usage
June 06, 2024

Mobile payments — and by extension, mobile wallets — are proving to be a favorite means of paying for all aspects of daily life as younger consumers navigate physical and digital channels. A range of findings from PYMNTS Intelligence reports have illustrated just how pervasive...

Mobile Wallets
Apple Pay Overtakes PayPal as Favored In-Store Mobile Wallet
June 05, 2024

Retail shoppers making purchases using digital wallets have shifted from favoring PayPal to Apple Pay, PYMNTS Intelligence reveals, and the latter only continues to gain share. By the Numbers A PYMNTS Intelligence survey of 1,730 consumers in April who had purchased non-grocery retail items in...

Mobile Wallets
From AI to Mobile Devices: Technology Reimagines Debit and Credit Cards
May 16, 2024

The modern credit card’s history stretches back to just after World War II, when the Charg-It card came out of Brooklyn, tied to a single bank. Account holders could use the cards at a few local merchants, and the bank paid the merchants and billed the cardholders....

Mobile Wallets
Alipay+ Looks to Expand as eWallet Use Grows
May 06, 2024

China’s Ant Group is reportedly looking to expand use of its payments product Alipay+. “What we found is that people want to use their home e-wallets when they travel abroad. So they don’t want to have to load their card into another app that they don’t know as well,” Douglas...

Mobile Wallets
55% of High-Earning Consumers and 79% of Gen Z Use Digital Wallets
May 02, 2024

Whether shopping online or in person, an increasing number of consumers are embracing digital wallets. But the appeal of digital wallets — which include Apple Pay, Google Wallet, PayPal and others — doesn’t end with shopping. Digital wallets can also provide other features intended to make the lives of users easier, such as...

Mobile Wallets
Digital Wallets Provide Local Touch to Connected Travel Experiences
April 29, 2024

Alipay+ unveiled a cross-border payments initiative in a move to boost Hong Kong’s tourism and commerce sector. The platform facilitates transactions for users of 14 overseas mobile wallets and bank apps from nine countries and regions. Among the eWallets and bank apps newly introduced to the city’s landscape are Hipay from Mongolia, Malaysia’s MyPB by Public Bank Berhad and Touch ’n...

Mobile Wallets
Consumers Are Slow to Adopt Mobile Wallets for Store Payments
April 26, 2024

Consumers are using mobile wallets more, but it is taking a while for them to grow accustomed to utilizing the technology to pay in stores, PYMNTS Intelligence reveals. By the Numbers The PYMNTS Intelligence report last year, “The Mobile Wallet Challenge: Replacing Physical With Digital,”...

Mobile Wallets
Gen Z’s Digital Dynamics: Wallets Lead, Connected Devices Lag
April 17, 2024

Generation Z, born between 1997 and 2012, represents a cohort deeply intertwined with digital technologies. “They are described as the first digitally native generation — a generation that has lived with mobile phones and apps for most of their lives. The iPhone was introduced 17...

Mobile Wallets
GenZ Loves Their Digital Wallets
April 09, 2024

Digital wallets such as Apple Pay and Google Wallet provide consumers with convenient and secure ways to make in-store and online purchases without having to put sensitive credit or debit card data at risk. PYMNTS Intelligence’s “Tracking the Digital Payments Takeover: Can New Use Cases Drive Consumer Use of...