Jack Dorsey, Twitter’s co-founder and the chief executive of Block, on Monday (July 7) introduced Bitchat, an experimental messaging service that lets smartphones trade encrypted texts over Bluetooth rather than the internet. The app, now in beta on Apple’s TestFlight, links nearby phones into a...
Cross-border transactions have historically been the Achilles’ heel of small- to medium-sized businesses (SMBs). While digital tools and eCommerce platforms have lowered barriers to finding international customers and suppliers, sending and receiving payments across borders remains fraught with friction. That’s why, for decades, the narrative...
Watch more: Banks and Credit Unions Battle for Digital Wallet Dominance as Gen Z Demands Instant Control Banks and credit unions have long chased “top-of-wallet” bragging rights, but as consumers swap leather billfolds for digital wallets and tuned-in intentions, that coveted spot has never been...
Mobile wallets rapidly emerging as a pivotal force in how consumers conduct in-store transactions worldwide. In the PYMNTS Intelligence report “Pocket Revolution: How Mobile Wallets Are Changing Payments Worldwide,” responses from more than 216,000 consumers illuminated that mobile wallets now account for 21% of all...
In Brazil, consumers are highly engaged digitally, yet they struggle with completing transactions. The PYMNTS Intelligence report “Global Digital Shopping Index: Brazil Edition,” commissioned by Visa Acceptance Solutions, found that Brazilian consumers ranked near the top globally in mobile shopping engagement, leading in the use...
X’s CEO says the social media platform will “soon” offer an investment/trading option. “You’ll be able to come to X and be able to transact your whole financial life on the platform,” Linda Yaccarino said in an interview with the Financial Times (FT) Thursday (June...
Payments company Klarna says it is getting into the mobile business. The company on Wednesday (June 18) announced plans to launch an “unlimited” phone plan in the U.S. in the weeks ahead before bringing it to the U.K., Germany and other countries. “Klarna has saved consumers time and money,...
Robinhood said Tuesday (June 17) that it has begun rolling out two tools as part of its effort to become the top destination for active traders. The new tools include charting capabilities on mobile and options simulated returns pre-trade, the trading platform said in a...
The Trump family has reportedly licensed its name to a mobile service and smartphone. Trump Mobile, which includes a phone that sells for $499, marks the latest deal forged by the president’s family to capitalize on his name while in office, Reuters reported Monday (June...