Digital Wallet

Georgia Department Deploys ClassWallet Platform to Distribute Federal Funds
Georgia Department Deploys ClassWallet Platform to Distribute Federal Funds
March 02, 2023  |  Disbursements

ClassWallet’s digital wallet technology platform is now being deployed in early childcare and preschool markets. Already used for state agencies, family scholarships, private schools and...

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Algorand Hack Drains $9.6M From Crypto Investor Wallets 
Algorand Hack Drains $9.6M From Crypto Investor Wallets 
February 28, 2023  |  Cryptocurrency

Proof-of-stake blockchain cryptocurrency protocol Algorand is urging users to withdraw their funds from MyAlgo wallets. This is as MyAlgo, the native wallet provider for Algorand, reported Monday...

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Debit Card Transactions Soar in Germany Amid Digital Wallet Growth
Debit Card Transactions Soar in Germany Amid Digital Wallet Growth
February 26, 2023  |  Payment Methods

Germany’s girocard clocked 6.7 billion transactions in 2022, a 13% increase compared to the year prior. This led to a 12.2% jump in sales to...

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Sluggish eCommerce Spend Is Still Massive, and Digital Wallets Are Getting More of It
Sluggish eCommerce Spend Is Still Massive, and Digital Wallets Are Getting More of It
February 15, 2023  |  eCommerce

The slowing of eCommerce in 2022 is a fact, but the scope of that drop in online sales as reported by government sources just doesn’t...

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Italy’s Mobile Wallet Use Rises, Despite Government Cash Chaos
Italy’s Mobile Wallet Use Rises, Despite Government Cash Chaos
February 14, 2023  |  Payment Methods

PYMNTS’ Q3 2022 ConnectedEconomy™ Index, “How the World Does Digital,” finds that consumers globally are increasingly incorporating digital tools, transactions and activities into their daily...

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Banks’ Digital Wallet Battle Easier vs Apple Pay, Harder vs PayPal 
Banks’ Digital Wallet Battle Easier vs Apple Pay, Harder vs PayPal 
January 23, 2023  |  Payment Methods

The banks have two targets in the digital wallet battle — one, Apple Pay, may be easier to “beat.”   PayPal may prove to be a...

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From Supermarkets to Super Bowl, Mobile Wallets Hold Super App Clues
From Supermarkets to Super Bowl, Mobile Wallets Hold Super App Clues
January 21, 2023  |  Payment Methods

Whether it’s food, finances, or tickets to a football game, America’s highly connected consumers want it fast and they want it easy.  While the ability...

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More Consumers Use Digital Wallets for Healthcare Expenses
More Consumers Use Digital Wallets for Healthcare Expenses
January 20, 2023  |  Payment Methods

Healthcare providers may consider increasing digital wallet acceptance as patients increasingly opt for the payment method.  The latest PYMNTS/ACI Worldwide collaboration, “The Mobile Wallet Challenge:...

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Italy Reshapes Pro-Cash Strategy Amid Surge in Digital Payment Adoption
Italy Reshapes Pro-Cash Strategy Amid Surge in Digital Payment Adoption
January 15, 2023  |  Cash

Leading up to final approval, payments-related aspects of Italy’s 2023 budget were hotly debated. One of those debates ended up with the government backtracking on...

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