Mobile Payments

A mobile payment is a money payment made for a product or service through a portable electronic device such as a tablet or cell phone. Mobile payment technology can also be used to send money to friends or family members, such as with the applications PayPal and Venmo.

(source: investopedia.com)

Wix and Stripe Enable Contactless Payments via iPhone
Wix and Stripe Enable Contactless Payments via iPhone
March 06, 2023  |  Payment Methods

Wix and Stripe have partnered to enable merchants to accept contactless payments with an iPhone. With this new Tap to Pay on iPhone offering, merchants...

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Western Union Turns to MFS to Expand Global Money Transfers
Western Union Turns to MFS to Expand Global Money Transfers
March 05, 2023  |  Mobile Payments

Western Union has teamed with MFS Africa to allow mobile money transfers across the continent. The partnership will allow Western Union users in 200 countries...

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Spotify Says Payments Choice Critical to Growing Global Streaming Market Share
Spotify Says Payments Choice Critical to Growing Global Streaming Market Share
March 01, 2023  |  Payment Methods

A successful payment is music to the ears of consumers and corporations involved in streaming entertainment, so for global brands in the space, there’s no...

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What the Future of Money Looks Like on Washington’s Birthday
What the Future of Money Looks Like on Washington’s Birthday
February 18, 2023  |  Payments Innovation

Money is evolving beyond Jeffersons, Jacksons and Benjamins, as digital solutions transform the landscape. This, as more than 4 in 10 Americans (41%) say they...

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Checkout Friction Hampers In-Store Digital Wallet Adoption
Checkout Friction Hampers In-Store Digital Wallet Adoption
February 17, 2023  |  Payment Methods

The FinTech that makes digital wallets as convenient for in-store transactions as they are for online transactions may have a runaway winner on their hands....

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Zelle Network Transaction Volume Increased 26% in 2022
Zelle Network Transaction Volume Increased 26% in 2022
February 16, 2023  |  Mobile Payments

The Zelle Network reported a 26% increase in transaction volume in 2022 as the number of participating financial institutions increased by 40%. Early Warning Services,...

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Vexi Raises $8M to Expand Access to Credit in Mexico
Vexi Raises $8M to Expand Access to Credit in Mexico
February 16, 2023  |  Financial Inclusion

Mexican neobank Vexi has raised $8 million in a Series A funding round. TechCrunch reported Thursday (Feb. 16) that the startup offers only a credit...

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Polish Consumers Embrace Contactless as POS Payments Jump 162% YoY
Polish Consumers Embrace Contactless as POS Payments Jump 162% YoY
February 16, 2023  |  Mobile Payments

Mobile payments in Poland have made significant ground in recent years. Leading the charge is BLIK, the bank-backed payment system which has been fueling digital...

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Legacy Payments Infrastructure Holds Small Merchants Back in Emerging Markets
Legacy Payments Infrastructure Holds Small Merchants Back in Emerging Markets
February 16, 2023  |  Digital Payments

The imbalance between payments issuance and acceptance is a major pain point in emerging markets. According to Islam Shawky, co-founder and CEO at Cairo-based digital...

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