India, traditionally reliant on cash, embarked on a digital payments journey 15 years ago. The process was marked by key milestones like the introduction of the instant Unified Payments Interface (UPI) in 2016. The 2016 demonetization further accelerated the transition to digital payments, leveraging the...
The popularity of digital bill payments is increasing as more and more consumers seek convenience and efficiency in managing their finances. In “Digital Bill Payments: Mobile Wallets Gain Popularity, but Hurdles Remain,” a PYMNTS and ACI Worldwide collaboration, PYMNTS Intelligence leverages findings from a survey...
Google will allow commuters in more locations to store transit passes in their digital wallets. The tech giant discussed its progress in marrying the Google Wallet with transit payments in a Thursday (Oct. 26) company blog post. “We saw a strong uptick of contactless and...
The level of satisfaction among consumers using mobile wallets to pay bills is notably high. However, the system is still far from completely reliable, as more than half of users claim to have experienced issues when paying their bills with these systems. As developers and...
Digitally savvy consumers, particularly millennials, are finding mobile wallets to be an attractive and practical alternative to traditional physical wallets. In “The Mobile Wallet Challenge: Replacing Physical With Digital,” PYMNTS Intelligence leverages insights from a survey of more than 2,000 individuals to examine consumers’ growing...
A founder of Braid, a consumer payments startup, announced the company’s closure, marking the end of its four-year journey to expand the use of shared digital wallets. Founded in 2019 by Amanda Peyton and Todd Berman, who left in 2020, Braid aimed to make shared...
Samsung has partnered with global identity technologies provider IDEMIA to bring mobile driver’s licenses and state IDs to Samsung Wallet. Arizona and Iowa will be the first states to offer a mobile version of their driver’s licenses to residents, and the companies plan to expand...
PayPal Holdings has announced that customers can now add their eligible PayPal and Venmo credit or debit cards to Apple Wallet. This integration allows users to make payments with a tap of their iPhone or Apple Watch, both in-store and online, the company said in a Tuesday (Oct. 3) press release....
In June of 2014, Amazon launched the Fire phone. Priced at $650 and offered exclusively by AT&T, the phone’s big selling point was its “Dynamic Perspective” — a feature that provided a 3D experience using the phone’s camera, phone gyroscope and operating system. And so...
