Brazil is reshaping the global use of digital wallets, with consumers relying on them for bill payments and identity verification, unlike other countries, where they are mainly used for eCommerce. A PYMNTS Intelligence Report, “Digital Wallets Beyond Financial Transactions: Brazil Edition,” in collaboration with Google...
As digital wallets become a staple of modern consumer life, there’s a need for clarity around their functions. While many consumers are familiar with the technology, confusion persists regarding what exactly constitutes a “digital wallet.” A PYMNTS Intelligence Report, “Digital Wallets Beyond Financial Transactions: How...
Select Audi owners will soon be able to use their Galaxy smartphones to lock, unlock and start their vehicles, without needing a physical key. Samsung Wallet now supports Digital Key for Audi to enable these capabilities, Samsung Electronics said in a Friday (Nov. 15) press...
In Latin America, where many consumers are unbanked or underbanked, roughly three-quarters of consumers don’t have credit cards, so prepaid cards are widely used to pay for everything from streaming media to utilities. For some companies, prepaid cards can represent as much as 70% of...
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,...
Thunes launched a payments tool to help travelers doing business in China. The company’s new QR Code Payments solution enables foreign mobile wallets and financial institutions to directly access China’s increasingly cashless economy, according to a Tuesday (Oct. 22) press release. The country has seen...
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...
The travel and hospitality sectors have long been anchored in traditional payment methods, like cash and credit cards. As consumers and employees voice their frustrations with outdated systems, adopting real-time payment solutions could revolutionize the industry. The PYMNTS Intelligence report “From Trips to Tips: How...
Taking a payment mechanism that’s been around for centuries and bringing it fully into the digital age requires work. But as Ralph Koker, global head of product at TerraPay, told PYMNTS for the “What’s Next in Payments: How Do You Do Digital?” series, the movement...
