As global commerce becomes more digitized and less reliant on conventional infrastructure and workflows, digital wallets, a once-niche technology, are beginning to reshape international money movement. However, according to the PYMNTS Intelligence report “Global Money Movement: U.S. Edition,” a collaboration with TerraPay, while 63% of...
Mobile wallets now power more than one-third of online payments and 21% of in-store transactions across 11 countries, accounting for half of the global gross domestic product (GDP). What’s striking is that they are not changing the underlying funding sources — credit and debit cards...
Forget your plastic cards for a moment. A quiet revolution is happening in how we pay for everything from dinner to electronics, and it’s being led by the smartphone in your pocket. A forthcoming report from PYMNTS Intelligence, “How the World Does Digital,” the latest...
A U.S. House bill takes aim at Apple and Google’s control over the mobile app ecosystem, seeking to curb practices lawmakers say restrict competition and inflate prices for consumers and developers. Rep. Kat Cammack, R-Fla., introduced the App Store Freedom Act, a bill that would...
The European Union reportedly plans to introduce an age verification app in July and may introduce rules requiring online platforms to protect minors after that. The new app will enable users to verify their age without disclosing personal information to online platforms, the Financial Times...
Saudi Arabia is emerging as a focal point in cross-border payments thanks to the rise of digital wallets. The PYMNTS Intelligence report “Global Money Movement: Saudi Arabia Edition,” a collaboration with TerraPay, revealed that 54% of Saudi consumers who made cross-border payments in the past...
While U.S. consumers are rapidly embracing mobile wallets for peer-to-peer payments, their adoption for in-store transactions still lags behind many international counterparts, highlighting a dichotomy in the country’s digital payment evolution. Data from the PYMNTS Intelligence report, “How The World Does Digital,” indicates mobile and...
Brazilian consumers are rapidly adopting mobile devices for retail purchases, outpacing global trends, though pervasive payment friction presents a significant hurdle for merchants, according to the 2025 Global Digital Shopping Index: Brazil edition. Commissioned by Visa Acceptance Solutions and produced by PYMNTS, the report draws...
Spotify said Friday (May 2) that Apple approved a U.S. app update that Spotify submitted Thursday (May 1) after a court ruling in the lawsuit Epic Games brought against Apple. “After nearly a decade, this will finally allow us to freely show clear pricing information...