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.

One-Third of Small Business Will Pay to Receive Ad Hoc Payments Instantly
One-Third of Small Business Will Pay to Receive Ad Hoc Payments Instantly
December 19, 2023  |  Money Mobility

Non-recurring or ad hoc payments play a significant role in the monthly revenues of small to midsized businesses (SMBs). In fact, these payments make up...

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Consumers Need Incentives to Pick Pay-by-Bank Options
Consumers Need Incentives to Pick Pay-by-Bank Options
December 18, 2023  |  Retail

Account-to-account (A2A) payments do just what the name implies: transfer funds between bank accounts in near real time. These payments have gained traction in recent...

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Visa Acquires Majority Stake in Prosa to Boost Digital Payments in Mexico
Visa Acquires Majority Stake in Prosa to Boost Digital Payments in Mexico
December 17, 2023  |  Digital Payments

Visa is acquiring a majority interest in Mexican payments processor Prosa to expand digital payment adoption in that country. The agreement, announced Friday (Dec. 15), will see Prosa...

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60% of U.S. Consumers Use Mobile Wallets to Pay Bills
60% of U.S. Consumers Use Mobile Wallets to Pay Bills
December 15, 2023  |  Mobile Wallets

Although satisfaction is high among mobile wallet users when making bill payments, many face difficulties during the process. The report “Digital Bill Payments: Frequent Mobile...

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PayPal and SAP Partner to Simplify Digital Payments for Businesses
PayPal and SAP Partner to Simplify Digital Payments for Businesses
December 14, 2023  |  Digital Payments

PayPal and SAP have launched an expanded integration to simplify digital payments for SAP customers. The collaboration involves the creation of a digital payments plug-in...

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Consumers Look for Ways to Pay for Holiday Travel
Consumers Look for Ways to Pay for Holiday Travel
December 13, 2023  |  Travel Payments

Consumers are doing whatever they can to be able to travel this holiday season, from cutting back on other purchases to funding their expenses with...

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Gen Z and Millennial Consumers Want Mobile Channels to Help Build ‘Trust’ in Their Insurers
Gen Z and Millennial Consumers Want Mobile Channels to Help Build ‘Trust’ in Their Insurers
December 13, 2023  |  Insurance

“Insurance is a personal and custom purchase,” Melissa Hurd, vice president and general manager of the National Client Group, Everyday Spend at American Express, told PYMNTS. “It’s...

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Visa Direct and RevoluPAY Team on P2P Payments
Visa Direct and RevoluPAY Team on P2P Payments
December 12, 2023  |  Partnerships

Visa Direct and RevoluPAY teamed to offer peer-to-peer (P2P payments) via RevoluPAY’s RevoluSEND. The solution is operational in the European Economic Area via Visa’s global...

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Brands Target Consumer Food Spend on Social Media
Brands Target Consumer Food Spend on Social Media
December 12, 2023  |  Social Commerce

Consumers are using social media to buy products, and apparel, beauty, and food and beverage are the three categories they shop the most. A total...

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