Apple is reportedly facing a lawsuit filed by four users of Venmo and Cash App. The lawsuit alleges that Apple has abused its market power in the mobile peer-to-peer payment industry, limiting competition and inflating prices, Reuters reported Monday (Nov. 20). The plaintiffs argue that these actions by...
Venmo has unveiled a new in-app feature that aims to streamline splitting and managing expenses among groups. The new Venmo Groups provide users with a convenient way to divide and settle multiple or ongoing expenses among friends, family, roommates, partners and other groups, the peer-to-peer payment...
The return of Jack Dorsey to Square has been good news for its parent, Block. As PYMNTS reported, former Square CEO Alyssa Henry departed the company last month on Oct. 2, with Dorsey assuming her role. “I’m going to lead Square until we hit some significant milestones,” Dorsey said on Block’s...
Businesses and individuals are always going to need to get paid. That’s why the context around that payment, whether it’s speed, experience, convenience, personalization, cost, security or a combination of them all, is where the greenfield opportunity lies for payment industry players to differentiate themselves....
May 10, 2023
Hundreds of millions of consumers and businesses use digital wallets — and not traditional bank accounts — to transact across the globe. That’s especially true in emerging markets, where the ubiquity of mobile devices offers a springboard to transitioning away from bills and coins. But moving from cash to a digital environment also demands that […]
May 08, 2023
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. It’s a trend that has...
January 23, 2023
The banks have two targets in the digital wallet battle — one, Apple Pay, may be easier to “beat.” PayPal may prove to be a tougher foe. As noted here, America’s...
December 01, 2022
Since its launch in 2016, Bizum has become an integral part of Spain’s payment ecosystem. But although the mobile payment system boasts over 22 million users, about 47% of Spain’s...
January 21, 2024
Is X getting closer to adding peer-to-peer (P2P) payments to its platform? Elon Musk’s social media company announced plans to launch such an offering earlier this month. Now, X — formerly Twitter — has apparently set up a dedicated payments account. The verified @XPayments account appeared on the platform sometime this month, and was the subject of […]
November 20, 2023
Apple is reportedly facing a lawsuit filed by four users of Venmo and Cash App. The lawsuit alleges that Apple has abused its market power in the mobile peer-to-peer payment industry, limiting...
November 14, 2023
Venmo has unveiled a new in-app feature that aims to streamline splitting and managing expenses among groups. The new Venmo Groups provide users with a convenient way to divide and settle...
April 25, 2023
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 payment program in France and...
