Small but mighty is one way to characterize Nordic countries when it comes to payments innovation. The small-sized countries in the region like Denmark, Finland and Norway, which have less than six million inhabitants each, have been spearheading digital and mobile payments innovation for decades,...
Mobile wallet infrastructure startup Citcon raised $30 million in a Series C funding round led by Norwest Venture Partners and Cota Capital, and with participation by Sierra Ventures and Sonae IM, according to a press release emailed to PYMNTS on Friday (Oct. 22). Citcon provides...
Facebook is debuting its Novi digital wallet as part of a pilot program in Guatemala and the U.S., according to a Tuesday (Oct. 19) company announcement. The long-awaited digital wallet enables people to send and receive money abroad instantly, securely and without fees, according to...
MoneyGram’s recent announcement that it will be partnering with the Stellar Development Foundation, a nonprofit organization, on an eWallet offering with near-instant settlements in Circle’s U.S. Dollar Coin (USDC), is an indication of the growing use of cryptocurrency in the cross-border remittance industry. Read more:...
Apple Pay’s seven-year anniversary happens Oct. 20, but there is little to celebrate. In some ways, the mobile wallet has come a long way. Apple Pay accounts for nearly half of all mobile wallet transactions in the United States, signaling a strong command over the...
NayaPay has become the first electronic money institution (EMI) in Pakistan, after the company was granted commercial approval to operate by the country’s central bank, according to a company announcement Thursday (Sept. 2). Sponsored by one of Pakistan’s leading business conglomerates, Lakson Group, NayaPay is...
HSBC Qatar is rolling out mobile payments for its personal and corporate customers as it works to digitize its payments, a press release says. With the upgrades, financial inclusion will be simplified for the unbanked sector as well as Qatar visitors. That brings the bank’s...
Card-issuing company Marqeta announced in a Thursday (July 29) press release that its platform will fuel the new virtual Google Pay balance card. The new virtual Google Pay balance card enables users to spend their Google Pay balance through a virtual card tokenized into a mobile wallet,...
A new Venmo redesign will boost privacy settings and make it so that payments can’t be seen by strangers, a Tuesday (July 20) news release from parent company PayPal said. Per the release, as part of its update, Venmo is removing the global feed. Now,...
