Scanning to pay is set to gain momentum on the global stage. The simple act of pointing a phone’s camera at a QR code to make a purchase is getting a tailwind, particularly in Asia, as QR code payments grow through digital wallets that bridge...
PYMNTS Intelligence finds that 31% of consumers used a mobile wallet in a store in the last seven days, more than double the 14% reported a year earlier. Apple Pay’s total sales volume jumped from $268 billion to $450 billion, representing 6% of total in-store...
Tech companies aren’t just going head-to-head with their devices. They’re about to have dueling consumer credit cards too. Samsung Electronics is preparing to launch its own credit card in the U.S. to challenge Apple’s Apple Card, according to a Wall Street Journal report. The report...
The global shift toward mobile wallets is often described as a Generation Z movement. However, the PYMNTS Intelligence report “Pocket Revolution: How Mobile Wallets Are Changing Payments Worldwide” showed that digital wallet use has become ageless, and it cuts income levels. Adoption that once centered...
Who’s going to win the digital wallet for the holidays? It was a question we asked as November started. A quick check of the PYMNTS app provider shopping rankings for October showed a few surprises climbing up the ranks. The PYMNTS.com Shopping Apps page offers...
The Labor Economy is a group of about 60 million essential workers who keep the service and supply systems in the United States moving. Most earn $25 an hour or less, and together they account for roughly 36.5% of total employment and 15% of consumer...
What a difference Walmart makes. That’s one of the takeaways from our focus for this week’s app provider rankings: Credit card apps. MySynchrony led our most recent sweep of data on app usage and found that its recent enhanced relationship with Walmart could have been...
Digital wallets have reached a turning point. Weekly in-store usage has more than doubled year over year, and Apple Pay now moves an estimated $450 billion in annual sales. Yet cards still dominate checkout counters, and a new wave of challengers, from Google Pay to...
Digital bank and flexible payments provider Klarna debuted its debit card and digital wallet in the United Kingdom, according to a Thursday (Oct. 16) press release. The products are focused on everyday spending, signaling a push by Klarna to disrupt U.K. retail banking and become...