London-based FinTech Revolut is preparing to launch mobile phone plans. The new program, announced Wednesday (April 30), will offer users unlimited calls, texts and data at home and a 20GB roaming allowance across Europe and the U.S., launching first in the U.K. and Germany. “Mobile Plans is the latest...
Google Wallet has announced several updates that help users prove their age and identity. The company has also expanded the number of countries and U.S. states where different functions of Google Wallet are now available, according to a Tuesday (April 29) blog post. One update...
There’s a shift in how consumers and small businesses are conducting cross-border transactions, according to the PYMNTS Intelligence report “Global Money Movement: How Digital Wallets Are Transforming Cross-Border Payments,” a collaboration with TerraPay. The report, based on surveys of over 2,600 consumers and nearly 400...
Consumers are turning to digital wallets as their preferred method for sending and receiving money across borders, signaling a shift in global money movement. This trend, highlighted in the January 2025 report, “Global Money Movement: How Digital Wallets Are Transforming Cross-Border Payments,” a collaboration between...
Block’s Cash App is reportedly making progress in its efforts to offer banking services to customers who mostly use the app to make payments. The number of the app’s users who have their paychecks directly deposited into their Cash App account rose by 25% year...
Mobile wallets are well-designed for instant gratification — as that ubiquitous instrument, the mobile phone, makes it easier than ever to pay merchants or to complete a P2P transaction with speed, especially as real-time networks go live across the globe. But a smooth path between...
The mobile phone’s increasing penetration into global markets is helping blur the lines between telecom and financial services, where digital banks, and especially neobanks, are moving into communications and mobile payments, and telcos, in turn, are branching more fully into finance. At the end of...
Tala has secured a $150 million debt facility to expand what it calls “the world’s most accessible financial services.” The company will use the proceeds from the facility to support its growing business in Mexico, enhance its lending capabilities and continue delivering data-enabled financial infrastructure,...
Mobile app developers are fighting an uphill battle as they work to generate revenue. That’s according to a recent report by RevenueCat, a mobile app subscription tool kit provider, which finds that most apps fail to bring in $1,000 per month in revenue within their first two years....