Money-storing apps are going mainstream, and although PayPal leads in consumer popularity, financial institutions (FIs) may have a major opportunity to leverage the trust they have earned and build loyalty by providing their own options. As noted in the most recent PYMNTS/Treasury Prime collaboration, “Money-Storing...
After getting off to a long, slow start, digital wallets are catching on in a big way. In the first challenge to the primacy of physical wallets since they were invented in the 1300s, more consumers are seeing value in — and using — the...
With nearly every adult consumer carrying some type of smartphone, digital wallets are an increasingly viable alternative payment method at the point of sale (POS) and online. Payments are not all they can do, either: They have also become a convenient way to store loyalty...
Among consumers using digital wallets, and bill pay is outpacing actual purchases made with the apps. In fact, they are fast emerging as a “super power” that benefits consumers and credit unions alike, Sanjay Gupta, executive vice president of digital payments at ACI Worldwide, and...
Digital wallet use is increasing, earning the top spot as a preferred alternative payment method. In Europe, for example, Big Tech mobile wallets like Apple Wallet and Google Pay, which have surged in popularity in recent years, hold a significant market share. Data from Italy-based...
Digital wallet and embedded payments will help PropTechs turn renting an apartment into a community based, digital experience. Bond CEO Roy Ng told Karen Webster that the wallets can conceivably be used by renters and developers at properties across a range of use cases and...
EU digital wallets are looking to be more than just payment apps. According to Markus Kilb, CEO at Swiss mobile wallet provider TWINT, the next frontier in digital wallet use needs to move beyond payments to enhancing the value proposition with a range of features...
Google Wallet has been extended to 12 more countries — bringing the total to 57 — and can now be added to any Fitbit Sense 2 or Versa 4. These are among the new features announced Tuesday (Nov. 15) by Google Wallet Vice President and...
Contactless payment for purchases at the point of sale (POS) has retained its pandemic-boosted popularity, and physical cards and mobile devices equipped with near-field communication (NFC) technology allow consumers to simply and conveniently tap to pay in-store at virtually all retailers and restaurants. While NFC...
