Digital Wallet

Digital Escrow Helps Africa’s SMBs Bridge Trade Trust Deficit
Digital Escrow Helps Africa’s SMBs Bridge Trade Trust Deficit
May 10, 2023  |  Cross-border Payments

An estimated $5 billion is lost annually in intra-African trade. And apart from the high trade costs associated with operating in a highly fragmented region,...

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EPI CEO Says Europe Ready for One Digital Wallet
EPI CEO Says Europe Ready for One Digital Wallet
May 08, 2023  |  Payment Methods

As regulators push for the development of instant payments, European Union countries continue to leverage preexisting economic relationships to advance faster payments across the region. ...

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EPI Will Debut P2P Digital Wallet in 2024
EPI Will Debut P2P Digital Wallet in 2024
April 25, 2023  |  Payment Methods

The European Payments Initiative says its vision of a unified payment system is closer to reality. The EPI plans to launch a pilot of a person-to-person instant...

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UK SMBs Fall Behind as In-Store Digital Wallet Use Jumps 549% YoY
UK SMBs Fall Behind as In-Store Digital Wallet Use Jumps 549% YoY
March 29, 2023  |  Mobile

Digital wallets are gaining popularity due to flexibility and convenience they offer, leading to an increasing number of consumers using them to pay for purchases...

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Zelle Operator Readies Summer Rollout of Paze Digital Wallet
Zelle Operator Readies Summer Rollout of Paze Digital Wallet
March 28, 2023  |  Mobile

Early Warning Services, operator of the Zelle money transfer system, is piloting a digital wallet called Paze to compete with digital wallets from Big Tech....

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61% of Millennials Want Real-Time Payments — the Challenge Is Acceptance
61% of Millennials Want Real-Time Payments — the Challenge Is Acceptance
March 16, 2023  |  Real-Time Payments

Making digital payments has become an everyday process for millions of consumers worldwide, representing a giant leap in convenience, security and accessibility over traditional methods...

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Georgia Department Deploys ClassWallet Platform to Distribute Federal Funds
Georgia Department Deploys ClassWallet Platform to Distribute Federal Funds
March 02, 2023  |  Disbursements

ClassWallet’s digital wallet technology platform is now being deployed in early childcare and preschool markets. Already used for state agencies, family scholarships, private schools and...

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Algorand Hack Drains $9.6M From Crypto Investor Wallets 
Algorand Hack Drains $9.6M From Crypto Investor Wallets 
February 28, 2023  |  Cryptocurrency

Proof-of-stake blockchain cryptocurrency protocol Algorand is urging users to withdraw their funds from MyAlgo wallets. This is as MyAlgo, the native wallet provider for Algorand, reported Monday...

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Debit Card Transactions Soar in Germany Amid Digital Wallet Growth
Debit Card Transactions Soar in Germany Amid Digital Wallet Growth
February 26, 2023  |  Payment Methods

Germany’s girocard clocked 6.7 billion transactions in 2022, a 13% increase compared to the year prior. This led to a 12.2% jump in sales to...

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