Mobile Wallets

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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FinTech KindCard Set to Purchase Banking Platform OpenTransact
FinTech KindCard Set to Purchase Banking Platform OpenTransact
January 02, 2024  |  Acquisitions

Payments FinTech KindCard says it plans to purchase banking platform OpenTransact. The company has signed a letter of intent connected to its potential acquisition of...

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2023 in Review: Digital Wallets Emerge as Alternative Payment Method
2023 in Review: Digital Wallets Emerge as Alternative Payment Method
December 28, 2023  |  Mobile Wallets

In 2023, digital wallets such as Apple Pay and Google Pay gained popularity among consumers. Mobile wallets have moved from sending money to friends and...

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65% of Marketplaces Without Payment Capabilities Plan to Add Them
65% of Marketplaces Without Payment Capabilities Plan to Add Them
December 28, 2023  |  Payment Methods

Companies across industries are adopting or enhancing embedded payments as a way to improve the customer experience and create new sources of revenue. Among the...

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Boomers Embrace Digital to Catch Up With Kids and Grandkids
Boomers Embrace Digital to Catch Up With Kids and Grandkids
December 21, 2023  |  Connected Economy

    Internet and mobile phones came into their lives as adults. They shop online less than their millennials and Generation X, and they use...

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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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Visa: Orchestration Layers and Aliases Pave the Way for Instant Payments Ubiquity
Visa: Orchestration Layers and Aliases Pave the Way for Instant Payments Ubiquity
December 20, 2023  |  Faster Payments

Ruben Salazar, senior vice president and global head of Visa Direct, told Karen Webster that the transition from traditional, ACH transactions toward faster payments is...

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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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Apple Will Let Rivals Access Tap-to-Pay System
Apple Will Let Rivals Access Tap-to-Pay System
December 12, 2023  |  Apple

Apple reportedly offered to let competitors access its tap-to-pay mobile wallet system. The agreement could mean the end of a European Union antitrust case and...

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