Digital payment innovations have grown over the last few years. “The pandemic did a good job of teaching all of us that there’s many more ways to pay than just using some of the more legacy methods like cash or even debit cards,” Tom Donovan,...
British financial app Revolut has brought its robo-advisor to U.S. soil. The automated investing feature manages customers’ investment portfolios for them with fees Revolut says are lower than the ones offered by traditional companies. “We know that many of our customers do not have the time...
The next installment of PYMNTS’ mini-series based around consumer behavior that began during the pandemic focuses on mobile wallets. Certain consumer preferences that are now part of everyday life only gained widespread popularity after the pandemic hit. Mobile wallets, for example, had been gaining popularity,...
Consumers are increasingly adopting mobile wallets to remove friction from payments. For PYMNTS’ study “Digital Bill Payments: Frequent Mobile Wallet Bill Pay Users the Most Satisfied,”created in collaboration with ACI Worldwide, we asked more than 2,100 consumers about their digital wallet experiences of the past year...
Mobile wallets provide convenience and speed, and consumers are using them to pay bills, even though kinks still need to be ironed out. Such cash flow management solutions are in high demand during the almost-recession of the past 18 months, and mobile wallets are proving...
Mobile wallets are a popular way to pay bills. As of Q1 2023, 60% of consumers had used a mobile wallet to pay bills in the previous 12 months. Mobile wallet providers largely meet consumers’ needs, with 89% of mobile wallet bill pay users saying...
Walmart-owned Flipkart Group’s Shopsy app is growing both in numbers and geographically across India. The eCommerce app for discounted resale products has tripled its number of units, customers and sellers over the past year and has been downloaded 175 million times as of March, Walmart...
Just as bills have primarily moved from mailed paper to digital, bill pay has become more digital, fueled by consumers’ adoption of mobile wallets. PYMNTS’ research found that 95% of mobile wallet users know the bill pay features mobile wallets offer, and nearly one-quarter of...
Truist’s Foundry startup has an app that rewards users for building healthy financial habits. Dubbed “Long Game,” the mobile app gives Truist clients the chance to earn monetary rewards for their financial wellness efforts, the bank said in a news release Thursday (May 18). “Truist Long Game...