Mobile Wallets/page/4 news and trends

Mastercard and NatWest Launch Mobile Virtual Card Partnership
Partnerships // November 04, 2024

Mastercard and NatWest partnered to introduce a mobile virtual card payment tool for businesses in the United Kingdom. Approval2Buy is the first service in Europe to use Mastercard’s mobile virtual card app, according to a Tuesday (Nov. 5) news release. “New payments technology presents new...

Visa Unveils New Push-to-Wallet Virtual Card Solutions
Credit Cards // October 29, 2024

Visa says it is expanding its push-to-wallet capabilities to cover virtual card use. As the payments giant said in a news release Tuesday (Oct. 29), this lets users push virtual cards to mobile wallets such as Apple Pay and Google Pay with the ability to set spending limits...

Marqeta to Embed BNPL in Payment Apps and Digital Wallets
BNPL // October 28, 2024

Marqeta has unveiled a new solution that delivers buy now, pay later (BNPL) payment options inside payment apps and digital wallets. The new Marqeta Flex is being developed with payment providers Klarna and Affirm and payments platform Branch, Marqeta said in a Monday (Oct. 28)...

Western Union to Acquire Dash Mobile Wallet From Singtel
Acquisitions // October 24, 2024

Western Union plans to acquire Dash, a mobile wallet in Singapore that has more than 1.4 million users. The company and Dash owner Singtel signed a conditional agreement on the sale of the mobile wallet, the companies said in a Wednesday (Oct. 23) press release....

Interviews & Exclusives
No Cash, No Problem: Mobile Payments Surge as Businesses Ditch Hardware

October 21, 2024
Gone are the days of customers fumbling in their back pockets for cash or cards. “Innovations like tap on mobile and mobile wallets go a long way to simplify and ease the payment experience for the customer,” Julie Malikayil, senior manager, payments products at Discover® Global Network, told PYMNTS, noting these payment innovations offer firms, particularly […]

PYMNTS’ Data-Driven Journey Through Payments Innovation

October 19, 2024
Oct. 20, 2009. The United States was starting to see daylight out of the darkness of the worst financial crisis since the great depression. The Wall Street Journal reported that...

56% of US Consumers Experienced a False Payment Decline in Last 90 Days

October 08, 2024
In an era of evolving consumer preferences, merchants face mounting pressure to streamline payment processes. As payment methods diversify and the costs of transaction processing rise, open payments platforms have...

Digital Wallets: New Report Bridges Gap Between Awareness and Usage

October 01, 2024
Consumers across five major markets — Brazil, France, Germany, the United Kingdom and the United States — are generally familiar and satisfied with the experience of using digital wallets. The...

Quick Reads
Mastercard Expands APAC Digital Wallet Reach With ‘Pay Local’

November 05, 2024
Mastercard debuted a service that lets consumers make card-based payments via local digital wallets. With Pay Local, Mastercard cardholders link their credit or debit cards to a participating local digital wallet to shop with merchants without needing to create or top up a prepaid account, according to a Tuesday (Nov. 5) press release. “Leading wallets […]

Mastercard and NatWest Launch Mobile Virtual Card Partnership

November 04, 2024
Mastercard and NatWest partnered to introduce a mobile virtual card payment tool for businesses in the United Kingdom. Approval2Buy is the first service in Europe to use Mastercard’s mobile virtual...

Visa Unveils New Push-to-Wallet Virtual Card Solutions

October 29, 2024
Visa says it is expanding its push-to-wallet capabilities to cover virtual card use. As the payments giant said in a news release Tuesday (Oct. 29), this lets users push virtual cards to mobile...

Marqeta to Embed BNPL in Payment Apps and Digital Wallets

October 28, 2024
Marqeta has unveiled a new solution that delivers buy now, pay later (BNPL) payment options inside payment apps and digital wallets. The new Marqeta Flex is being developed with payment...