General-purpose and merchant money-storing apps are a compelling growth story of recent years, and the types of apps that consumers favor makes a fascinating focus in this story. The topic is explored in-depth in the study “Money-Storing Apps Gain Favor With Consumers,” a PYMNTS and...
It’s a renaissance for non-institutional market participation, and Robinhood wants to capitalize on that environment. The commission-free trading app told investors during its fourth quarter 2022 earnings call Wednesday (Feb. 8) that by targeting customers affected by macroeconomic headwinds with strategic value-add solutions, as well...
India has reportedly banned 232 apps connected to China as relations between the neighbors worsen. The order by India’s tech ministry blocks 138 betting and gaming apps and 94 credit services, Bloomberg News reported Tuesday (Feb. 7), citing unnamed sources. Most of the apps were...
Mobily has expanded its new mobile payment service, Mobily Pay. The Saudi Arabian telecom service provider has expanded Mobily Pay services in the county via a partnership with Swedish technology company Ericsson, according to a Monday (Feb. 6) press release. Ericsson will “continuously evolve and...
Money-storing apps are going mainstream, and although PayPal leads in consumer popularity, financial institutions (FIs) may have a major opportunity to leverage the trust they have earned and build loyalty by providing their own options. As noted in the most recent PYMNTS/Treasury Prime collaboration, “Money-Storing...
Grubhub turns its luck around in the latest edition of PYMNTS’ Provider Ranking of Aggregators. The ranking leverages a proprietary combination of publicly available information as well as app usage data to which PYMNTS has access to evaluate which aggregators are winning the game and which...
After getting off to a long, slow start, digital wallets are catching on in a big way. In the first challenge to the primacy of physical wallets since they were invented in the 1300s, more consumers are seeing value in — and using — the...
5G networks are just around the corner from being just around the corner . This, as Börje Ekholm the CEO of Ericsson AB, one of the world’s leading telecom equipment manufacturers, told a panel at the World Economic Forum’s 2023 Davos event that India is...
With nearly every adult consumer carrying some type of smartphone, digital wallets are an increasingly viable alternative payment method at the point of sale (POS) and online. Payments are not all they can do, either: They have also become a convenient way to store loyalty...