Whether shopping online or in person, an increasing number of consumers are embracing digital wallets. But the appeal of digital wallets — which include Apple Pay, Google Wallet, PayPal and others — doesn’t end with shopping. Digital wallets can also provide other features intended to make the lives of users easier, such as...
As resale marketplaces struggle to turn a profit, Vinted appears to have cracked the code, diversifying its platform to bring in revenue from as many parts of the experience as possible. The company, a consumer-to-consumer online fashion resale marketplace in Europe, announced Sunday (April 28) that it achieved its...
Alipay+ unveiled a cross-border payments initiative in a move to boost Hong Kong’s tourism and commerce sector. The platform facilitates transactions for users of 14 overseas mobile wallets and bank apps from nine countries and regions. Among the eWallets and bank apps newly introduced to the city’s landscape are Hipay from Mongolia, Malaysia’s MyPB by Public Bank Berhad and Touch ’n...
Consumers are using mobile wallets more, but it is taking a while for them to grow accustomed to utilizing the technology to pay in stores, PYMNTS Intelligence reveals. By the Numbers The PYMNTS Intelligence report last year, “The Mobile Wallet Challenge: Replacing Physical With Digital,”...
April 24, 2024
Technological transformation is at the heart of both modern commerce and payments innovation. With technology as the driving force, consumers are demanding more than transactions from their payment experiences; they seek payment methods that seamlessly integrate into their shopping journeys, whether those journeys are taking place online or offline, or a combination of the two. […]
April 18, 2024
Continuing the industry’s migration of business payments and expense management to digital platforms, Mastercard announced today (April 18) that it is bringing its commercial cards to mobile wallets. The move comes in...
April 10, 2024
For Apple — and as been seen already with Block (formerly Square) — the drive is to get consumers to spend the cash, rather than just bank it. Apple, of...
April 09, 2024
Digital wallets such as Apple Pay and Google Wallet provide consumers with convenient and secure ways to make in-store and online purchases without having to put sensitive credit or debit card data at risk....
April 19, 2024
European Union (EU) antitrust regulators are reportedly preparing to approve Apple’s tap-and-go mobile payments system proposals as early as May. The tech company had proposed to open the system to rivals after being accused by the European Commission (EC) of thwarting competition. After getting feedback from Apple’s rivals and customers, and having the company make some modifications to its proposals, […]
April 16, 2024
Money transfer firm Wise saw its number of active customers grow 29% year over year during the fourth quarter of fiscal year 2024. That growth brought its total number of active customers...
April 11, 2024
Olo has selected Spreedly to enable mobile wallet transactions for restaurants that use Olo’s software-as-a-service (SaaS) platform for the hospitality industry. Spreedly’s open payments platform will enable the two companies’ mutual customers to...
April 09, 2024
Apple Cash cards now have virtual card numbers, enabling users to securely spend their Apple Cash at merchants that don’t accept Apple Pay. This change was included among updates to Apple...
