Digital Payments

Digital payment is a way of payment which is made through digital modes. In digital payments, payer and payee both use digital modes to send and receive money. It is also called electronic payment.

New Fund Flows Outpace Card Growth as Payment Networks Eye Open Banking Opportunities
New Fund Flows Outpace Card Growth as Payment Networks Eye Open Banking Opportunities
February 02, 2024  |  Earnings

Beyond the debit and credit card issuance, beyond the consumer spending, the networks see growth ahead underpinned by new payment flows. The recent spate of...

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Study Finds Offering Installment Payment Options Before Checkout Can Boost Conversion
Study Finds Offering Installment Payment Options Before Checkout Can Boost Conversion
February 01, 2024  |  Consumer Payments

Consumers have developed an appetite for split-payment plans of all sorts. Also known as installment payment plans, these break up purchases into smaller, scheduled payments...

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Big Spenders: Digital Wallet Users Spend 31% More When Buying Retail and Grocery Products
Big Spenders: Digital Wallet Users Spend 31% More When Buying Retail and Grocery Products
February 01, 2024  |  Digital Payments

Digital wallets, such as Apple Pay, Google Pay and PayPal, provide convenient and secure ways to complete online purchases. These wallets remove the cumbersome process...

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Report: Block Aims to Reduce Workforce to 12,000 This Year
Report: Block Aims to Reduce Workforce to 12,000 This Year
January 30, 2024  |  Digital Payments

Block is reportedly cutting jobs as part of its previously announced effort to limit the size of its workforce to 12,000 employees. The company announced that...

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PayPal to Cut Workforce by 9%
PayPal to Cut Workforce by 9%
January 30, 2024  |  Digital Payments

PayPal will eliminate about 2,500 positions, or about 9% of its workforce, this year. The company aims to “right-size” its workforce by cutting jobs and...

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The 4 Easy Wins GenAI Brings to the Payments Sector
The 4 Easy Wins GenAI Brings to the Payments Sector
January 30, 2024  |  Artificial Intelligence

The ability to scale is what qualifies an innovation as such. While generative artificial intelligence has, by many observers’ accounts, already reached innovation status at...

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Only 30% of Non-Recurring Payments Are Made in Real Time
Only 30% of Non-Recurring Payments Are Made in Real Time
January 29, 2024  |  Faster Payments

Ad hoc payments, which are irregular payments made outside of normal invoicing and payroll processes, can be a hassle for enterprises. However, a survey revealed...

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Toward 2030: How Data-Rich Environments Can Benefit B2B Payments
Toward 2030: How Data-Rich Environments Can Benefit B2B Payments
January 26, 2024  |  B2B Payments

How a business is paid has an upstream impact on the overall B2B relationship.  That’s why firms can gain a competitive edge by offering cutting-edge...

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Drake Software Offers Contactless Payments to Tax Professionals
Drake Software Offers Contactless Payments to Tax Professionals
January 25, 2024  |  Digital Payments

Tax preparation software firm Drake Software launched a contactless payment acceptance system for tax professionals. Drake Pay is “designed to meet the payment acceptance needs...

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