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

X to Add Peer-to-Peer Payments in 2024, Aims to Be ‘Everything App’
X to Add Peer-to-Peer Payments in 2024, Aims to Be ‘Everything App’
January 09, 2024  |  Mobile Applications

X, the social media platform formerly known as Twitter, plans to launch peer-to-peer payments this year.  Doing so will add more user utility to the...

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1 in 5 Consumers Pay Auto Loans With Mobile Wallets
1 in 5 Consumers Pay Auto Loans With Mobile Wallets
January 04, 2024  |  Mobile Wallets

Mobile wallets have gained immense popularity among consumers, not only for making in-store purchases but also for their ability to manage finances and store sensitive...

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Apple Payment Services Restored After Short Outage
Apple Payment Services Restored After Short Outage
December 20, 2023  |  Apple

A number of Apple’s payment features were down for part of Wednesday (Dec. 20) morning. The company’s Card, Cash, Pay and Wallet systems were down between 6:15 a.m. and...

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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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Nearly 1 in 4 Millennials Shop for Non-Grocery Retail Items From Their Phones
Nearly 1 in 4 Millennials Shop for Non-Grocery Retail Items From Their Phones
December 08, 2023  |  Mobile Wallets

With the advent of smartphones, consumers have embraced the convenience of shopping from the palm of their hand, resulting in a significant transformation in their...

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Venmo No Longer Accepted on Amazon in January
Venmo No Longer Accepted on Amazon in January
December 07, 2023  |  Amazon Payments

Amazon is set to stop taking payments via PayPal-owned Venmo in the coming weeks. “Due to recent changes, Venmo can no longer be added as a payment method,” Venmo said...

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US Retailers Benefit From Offering APAC Travelers Their Preferred Payment Methods 
US Retailers Benefit From Offering APAC Travelers Their Preferred Payment Methods 
December 06, 2023  |  Payment Methods

Wei Jiang, co-founder, president and COO at Citcon, told PYMNTS in a recent interview that the travel rebound is a long-standing trend — and one that...

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Hong Kong and Thailand Unveil Cross-Border QR Code Payment System
Hong Kong and Thailand Unveil Cross-Border QR Code Payment System
December 04, 2023  |  Cross Border Commerce

Hong Kong and Thailand are bridging the gap between their economies. The two countries launched a new cross-border QR code payment system, known as the...

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Cash Not King in India as More Than 50% of Shoppers Use Digital Wallets to Shop
Cash Not King in India as More Than 50% of Shoppers Use Digital Wallets to...
December 04, 2023  |  Mobile Wallets

India, traditionally reliant on cash, embarked on a digital payments journey 15 years ago. The process was marked by key milestones like the introduction of...

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