Mobile wallets have an excellent track record for generating a lot of hype in the payments ecosystem, but their pre-pandemic track record for use and consumer enthusiasm was decidedly mixed. While some wallets, most notably PayPal, did well for online transactions, consumers leveraging them in...
With newfound enthusiasm for contactless transactions amid the pandemic, consumers’ preference for mobile wallets is growing undeniably — but not evenly, according to PYMNTS’ latest data. PayPal dominates in almost every category measured: shopping online, shopping in-store, by gender and by generation, it has a...
Mobile wallet use has tripled in as many years, on its way to paying for over 52 percent of eCommerce transactions by 2023, according to one study. Put another way, dreamers are awakening to mobile wallets’ wondrous qualities. Now it’s time for business to do...
Digital asset marketplace startup Bakkt is launching its eWallet app to streamline all kinds of electronic holdings, from cryptocurrencies to branded loyalty points, the company said in a Tuesday (March 30) press release. The digital wallet app gives people the ability to filter all digital assets...
MFS Africa announced on Monday (March 29) that it has reached more than 320 million mobile money wallets, which means the Pan-African FinTech leader now covers 60 percent of all such wallets in sub-Saharan Africa. The company said in a news release that this reach...
Digital wallet Eco has landed more than $26 million in an a16z Crypto-led investment round that saw the involvement of Slow Ventures, Coinbase Ventures, Activant Capital, Founders Fund and over 100 others, according to a Friday (March 5) announcement. “Eco puts your money back to...
Google Maps is integrating with Google Pay to give users the ability to cover parking, highway tolls, public transportation and more, according to a Google blog post on Wednesday (Feb. 17). The company is collaborating with the mobile payment services Passport and ParkMobile to facilitate...
Digital wallets could soon be used to prove that a patient has been vaccinated as part of the fight against COVID-19. Los Angeles County, a hot spot for the spread of the virus, is now offering a digital record that can be placed in an...
Convenience store chain 7‑Eleven has launched the new 7-Eleven Wallet, which will allow customers to put cash into the 7-Eleven app and pay for items right from their cellphones. The new app-based 7-Eleven Wallet “offers all customers — including those who would like to load cash —...
