TerraPay says financial institutions can now send money to mobile wallets via the Swift system. The announcement Tuesday (July 23) by the money movement company applies to 2.1 billion mobile wallets worldwide, and is designed to enhance the cross-border payments experience for businesses and consumers. “Payments initiated by...
Enterprise software firm Inrupt has introduced a digital wallet designed to hold user data. Businesses and governments, the company wrote on its blog Tuesday (July 23), can use the technology to give customers and citizens a place to store their data. “Over 60% of the...
Dating events have reportedly become increasingly popular among young people as they seek alternative ways to meet people in a world once dominated by dating apps. Attendance at dating and singles events targeted at millennials and Gen Z has increased by 49% this year compared to...
Consumers’ use of digital wallets is evolving beyond just making purchases, and younger generations are showing the way forward. The PYMNTS Intelligence report “Digital Wallets Beyond Financial Transactions: A Global Perspective,” created in collaboration with Google Wallet, drew from a survey of more than 12,000...
Huawei is reportedly ready to let WeChat operate on Huawei’s mobile platform without sharing revenue. The deal, Bloomberg News reported Wednesday (June 19), would be a concession by the China-based Huawei designed to maintain its recent lead over Apple in its home country. Sources tell...
Chinese smartphone-maker Huawei is reportedly considering levying in-app purchase fees on its operating system. That’s according to a report Tuesday (June 18) by Bloomberg News, which dubbed this as a sign of the company’s rising confidence as it takes on Apple in the world’s biggest...
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...
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...
Robinhood has introduced new, lower margin rates that it said are the lowest among leading brokerages. The rates vary based on the customer’s total margin balance and range from 5.7% to 6.75%, the online brokerage said in a Tuesday (May 21) press release. Six rates are offered...