The Netherlands has followed London’s example with the launch of an open-loop transport system. Unlike their closed-loop equivalent, open-loop payment systems don’t require an additional card or pass to ride, and city travelers can easily hop on and off metros, trams and buses using their...
In Turkey, the proliferation of payment options has reduced consumers’ reliance on cash. In fact, similar to other countries, Turkey’s transition away from cash was significantly accelerated by the pandemic, a change that has gone hand in hand with the growth of the country’s FinTech...
Latin American eCommerce platform MercadoLibre is introducing digital business messaging payments with WhatsApp. In an interview with Reuters on Wednesday (Dec. 7), the CFO of MercadoLibre, Pedro Arnt, revealed that the two companies are partnering to bring payments processing capabilities to WhatsApp’s messaging service users....
With just over a month left to go until 2023 dawns, Spreedly CEO Justin Benson told PYMNTS that 2022 can be viewed as a year split into halves when it comes to the payments industry. In the first half of the year, there was still...
Public transit is still reeling from pandemic impacts that left trains and buses mostly empty in 2020 and 2021. Recently, there’s been a push by transit authorities to consider open-loop payment systems that accept the rider’s preferred payment method, encouraging commuters or visitors to simply...
Payments personalization enables a merchant to deliver a ubiquitous experience — consumers in any market can pay in any manner they choose. We’re not there yet. But BigCommerce CEO Brent Bellm, Computop CEO Ralf Gladis and PayU CEO Mario Shiliashki told Karen Webster that taking...
Fifty-nine percent of consumers who tried a new payment method in the past year used digital wallets, making them the most popular new payment method. The willingness of consumers to try all manner of payment methods in the past year was clearest among Generation Z...
Embedded finance — where financial products and payments pop up in any number of consumers’ daily activities — is now an expectation, a “need to have” for banks and enterprises. Deirdre McClure, chief customer officer at Treasury Prime, told PYMNTS that the demand for seamless...
Canadian FinTech company Nuvei is making embedded payments accessible for businesses as a customer retention tool through its global expansion of Nuvei for Platforms. According to a Tuesday (Nov. 15) press release, the platform is designed to give digital commerce, banking and FinTech platforms the...
