Cumulative downloads of Square‘s Cash App surpassed PayPal‘s Venmo for the first time ever after Square’s service grew three times faster than its rival in July. Data from Sensor Tower and Nomura Instinet revealed that the Cash App’s cumulative downloads now total to 33.5 million, exceeding...
As PayPal tries to turn Venmo into a mainstream payments app, there are concerns over consumer privacy. Venmo users link their bank accounts or credit cards to the app so they send and receive payments using their smartphones. Users often send messages with their payments,...
It was once the (stereotypical) realm of ambitious teenagers and refuse-to-grow-up rockers and stoners who either needed extra bucks or found it too … uh … challenging to land better jobs. These days, however, food delivery means digital technology, entrepreneurship and global acquisition activity —...
As of Wednesday (August 1) South Africa’s Absa Group officially rolled out WhatsApp banking as part of its continuing effort to develop a digitally-led bank in Africa. Absa has signed on 10,000 customers since early July, according to Reuters. The service will not be without...
Scandinavian payment firm Nets said that clients at some Finland banks reported issues when using their payment cards on Sunday (July 29). “The problems affected card transactions and online banking at some banks in Finland. It was related to a network issue outside Nets,” a...
Snapchat is closing down Snapcash, its peer-to-peer payment space, on August 30. According to reports, there is code buried in Snapchat’s Android app that has the following message: “Snapcash will no longer be available after %s [date]”. The end of the feature also ends the...
The popularity of mobile commerce in Africa is a well-known — and ongoing — story. Now, global health experts are paying more attention to the prospect of using mobile payments, perhaps bundled with insurance services, to make it easier for people to get well. Africa...
Despite bitcoin’s fall, Square‘s mobile payment app, which launched crypto trading in late January, is surging. In fact, Square Cash is growing roughly three times faster than PayPal‘s Venmo, with nearly 2 million downloads per month in May and June, according to data from Instinet. “Square...
Google Pay is rolling out new features that, among other things, let users send and request money, through the merging of the Google Pay and Google Pay Send apps. In a blog post on Tuesday (July 10), Product Management Director Gerardo Capiel said that a...
