Mobile Payments

A mobile payment is a money payment made for a product or service through a portable electronic device such as a tablet or cell phone. Mobile payment technology can also be used to send money to friends or family members, such as with the applications PayPal and Venmo.

Source: investopedia.com

Zelle Network Transaction Volume Increased 26% in 2022
Zelle Network Transaction Volume Increased 26% in 2022
February 16, 2023  |  Mobile Payments

The Zelle Network reported a 26% increase in transaction volume in 2022 as the number of participating financial institutions increased by 40%. Early Warning Services,...

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Vexi Raises $8M to Expand Access to Credit in Mexico
Vexi Raises $8M to Expand Access to Credit in Mexico
February 16, 2023  |  Financial Inclusion

Mexican neobank Vexi has raised $8 million in a Series A funding round. TechCrunch reported Thursday (Feb. 16) that the startup offers only a credit...

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Polish Consumers Embrace Contactless as POS Payments Jump 162% YoY
Polish Consumers Embrace Contactless as POS Payments Jump 162% YoY
February 16, 2023  |  Mobile Payments

Mobile payments in Poland have made significant ground in recent years. Leading the charge is BLIK, the bank-backed payment system which has been fueling digital...

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Legacy Payments Infrastructure Holds Small Merchants Back in Emerging Markets
Legacy Payments Infrastructure Holds Small Merchants Back in Emerging Markets
February 16, 2023  |  Digital Payments

The imbalance between payments issuance and acceptance is a major pain point in emerging markets. According to Islam Shawky, co-founder and CEO at Cairo-based digital...

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Consumer Spending Rebound May Spark Main Street Retailers’ Digital Makeover
Consumer Spending Rebound May Spark Main Street Retailers’ Digital Makeover
February 15, 2023  |  SMBs

January’s retail figures caused a collective sigh of relief, hinting we may be turning an economic corner.  The 3% consumer spending surge felt especially sharp after November...

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Norway’s Vipps Seeks EU Antitrust Help Against Apple
Norway’s Vipps Seeks EU Antitrust Help Against Apple
February 15, 2023  |  Mobile Payments

Norwegian FinTech Vipps is seeking the European Union’s help in an antitrust battle against Apple. CEO Rune Garborg told Reuters in an interview published Wednesday...

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Justice Department Steps Up Apple Antitrust Probe
Justice Department Steps Up Apple Antitrust Probe
February 15, 2023  |  ANTITRUST

A federal investigation targeting Apple is reportedly escalating amid a wave of corporate antitrust actions. While the U.S. Justice Department probe into the iPhone maker is a...

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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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Why the Whole World Is Bullish on Generative AI
Why the Whole World Is Bullish on Generative AI
February 09, 2023  |  artificial intelligence

The world is entering a new age of generative AI, and there’s no going back. This, as even a flubbed demonstration of the next-generation artificial...

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