Mobile Wallets news and trends

Will Visa Deal Give X Money Momentum vs Neobanks?
Digital Payments // January 28, 2025

Elon Musk’s bid to make X into the “everything app” may have gotten a bit of a boost — where the newly-announced pact with Visa is a significant “something” on the way to “everything.” And in doing so, the person-to-person (P2P) payments functionality for X...

X CEO Linda Yaccarino: Visa Partnership Latest Milestone for ‘Everything App’
Partnerships // January 28, 2025

Social media platform X announced Tuesday (Jan. 28) that Visa is its first partner for the X Money Account that will debut later this year. The partnership will allow “secure + instant funding” to an X Wallet via Visa Direct, will connect to the user’s...

Bybit Launches Bybit Pay in Brazil to Enable Crypto and Fiat Payments
Cryptocurrency // January 27, 2025

Bybit is making inroads into taking crypto payments mainstream in Brazil with its new payment solution. According to a Monday (Jan. 27) press release, the Bybit Pay solution is live in Brazil and integrates with the Brazilian Pix instant payment system developed by the Central...

Reports: HSBC Shuttering Cross-Border Payments App Zing
Cross-border Payments // January 23, 2025

Just one year after its launch, HSBC’s cross-border payments mobile app is no more. A Yahoo Finance report on Thursday (Jan. 23) quoted a spokesperson for the bank: “Following a strategic review of Zing within the HSBC Group and after careful consideration, we have made...

Interviews & Exclusives
Will Visa Deal Give X Money Momentum vs Neobanks?

January 28, 2025
Elon Musk’s bid to make X into the “everything app” may have gotten a bit of a boost — where the newly-announced pact with Visa is a significant “something” on the way to “everything.” And in doing so, the person-to-person (P2P) payments functionality for X Money represents a shot across the bow for Venmo, and […]

60% of US Consumers Use P2P Apps to Pay Bills

January 16, 2025
Peer-to-peer (P2P) payment platforms have gained popularity, especially among young consumers who value quick and seamless transactions. As adoption expands, however, these platforms face the challenge of balancing user convenience...

Small Banks and Credit Unions Turn to Direct Issuing for Top-of-Wallet

January 15, 2025
For banks and credit unions looking to modernize, the timing has never been better. “Banks want to offer more competitive products, increase profitability and, critically, own the customer experience —...

Bank of America’s Take on Latin America’s Digital Payments Advantage

January 13, 2025
Digital payments are growing in Latin America as companies like Mercado Libre and TerraPay rapidly advance digital banking and digital wallets in the region. Central bank instant payments mandates and...

Quick Reads
AstroPay Gets Payments License From Brazil’s Central Bank

January 30, 2025
Cross-border finance FinTech AstroPay received a payments license in Brazil. The license from the Brazilian central bank allows the company to offer its multicurrency digital wallet in Latin America’s biggest market, AstroPay said in a Thursday (Jan. 30) news release. “This expansion marks a pivotal milestone for AstroPay as we align our services with Brazil’s […]

X CEO Linda Yaccarino: Visa Partnership Latest Milestone for ‘Everything App’

January 28, 2025
Social media platform X announced Tuesday (Jan. 28) that Visa is its first partner for the X Money Account that will debut later this year. The partnership will allow “secure...

Bybit Launches Bybit Pay in Brazil to Enable Crypto and Fiat Payments

January 27, 2025
Bybit is making inroads into taking crypto payments mainstream in Brazil with its new payment solution. According to a Monday (Jan. 27) press release, the Bybit Pay solution is live...

Reports: HSBC Shuttering Cross-Border Payments App Zing

January 23, 2025
Just one year after its launch, HSBC’s cross-border payments mobile app is no more. A Yahoo Finance report on Thursday (Jan. 23) quoted a spokesperson for the bank: “Following a...