Your phone can handle the checkout. Your hand may still reach for the same old card. Twelve years after Apple Pay arrived, mobile wallets are gaining users, but familiar payment habits still have a firm grip on the register. “Apple Pay @12: Mobile Wallets Gain...
Nuvei has secured a license to offer local merchant payments services in South Africa, the global FinTech company said in a Wednesday (Oct. 14) press release. The authorization came from the Payments Association of South Africa, according to the release. With this authorization, Nuvei can...
Watch more: TechReg Talks With Beatrice Fares of DG FISMA and Peter Kerstens of European Commission Tokenization promises to eliminate financial market friction, but it may take new friction to get there. The transition introduces a consequential trade-off. Removing intermediaries and settlement delays could also...
Digital platforms spread technology and product development across millions of customers, a model that makes adding another market attractive. However, international expansion brings more local infrastructure with it: licenses, regulated entities, bank relationships and connections to domestic payment systems. Recent moves by PhonePe and Revolut...
Waiting for a physical card to arrive is becoming less relevant to the moment when an issuer can start competing for a cardholder’s spending. PYMNTS Intelligence’s “Issuer Engagement Playbook,” produced in collaboration with Visa DPS, finds that 59% of U.S. card issuers now offer automated...
A shopper can make it through product search, comparison and cart building, then disappear at the payment screen. For merchants, that turns a nearly completed sale into a preventable loss. The PYMNTS Intelligence report “The Hidden Cost of Checkout Gaps: What 56 Million Abandoned Carts...
The tooth fairy has approved a 17% pay increase, which is excellent news for anyone whose compensation package includes loose incisors. There was no performance review, no awkward conversation with a manager and no requirement to return to the office. The recipient simply went to...
Mastercard and Visa have joined a new World Bank initiative to promote digital payments in emerging markets. The International Finance Corporation (IFC), a member of the World Bank Group that concentrates on the private sector, announced the project Wednesday (Sept. 9), with the goal of helping banks, FinTechs and other financial institutions in...
Card platform upgrade calendars are getting shorter. The next major deadline may arrive before issuers finish planning for the last one. Card issuers face pressure from several directions. Fraud keeps changing, customers expect faster digital services and AI is creating new ways to manage accounts....