Future FinTech Labs, a subsidiary of blockchain player Future FinTech (FTFT), and Currencycloud, a global payments platform owned by Visa and licensed for money transmission in a number of U.S. states, are working together on a new remittance app. Called Tempo, the app is designed...
Western Union will begin offering its digital wallet in Latin America in the first half 2023, beginning with a launch in Brazil enabled by the company’s acquisition of the country’s Te Enviei digital wallet provider. With the purchase of Te Enviei and the rollout of...
Noting the recovery of international tourism and the popularity of mobile wallets, cross-border payments company Thunes has partnered with Ant Group’s Alipay+ to enable merchants in Europe to accept the mobile wallets that are most popular among Asian consumers. With this partnership, merchants will be...
A new eWallet for Chinese students studying abroad in the U.K. has been developed by FTFT UK Limited, the subsidiary of blockchain application technology developer and FinTech service provider Future FinTech Group. To promote its Orbit eWallet app, FTFT UK participated in eight orientation meetings...
Mobile wallets are catching on — especially for in-store commerce. There’s a significant greenfield opportunity out there for the various “Pays,” and Apple — specifically, Apple Pay — is taking significant market share. As noted in the recent report, “Mobile Wallets Adoption: Apple Pay @8...
Apple Pay extended its commanding lead over the mobile wallet competition in the last 12 months, now capturing 48% of all in-store mobile wallet payments in the United States, with second place Google Pay far behind at 17%. However, mobile wallets remain unpopular for in-store...
Restaurant customers continue to look for frictionless payment options, but PYMNTS findings reveal that these technologies are becoming less widely available rather than more. By the Numbers Research from the latest edition of PYMNTS’ Restaurant Readiness Index, created in collaboration with Paytronix, which drew from...
El Salvador’s Chivo digital wallet has largely failed as a digital wallet for cryptocurrency, but it just might succeed as a dollar debit app for unbanked citizens. The Chivo Wallet is President Nayib Bukele’s $425 million experiment to convince many citizens to use bitcoin after...
Samsung Electronics is launching a new digital wallet and merging its payments and biometric identification apps to enable Galaxy smartphone users to store boarding passes, credit and debit cards, cryptocurrencies, digital keys, passwords and more. The Samsung Wallet app will integrate Samsung Pay and Samsung Pass and is currently available...
