Apple Pay’s seven-year anniversary happens Oct. 20, but there is little to celebrate. In some ways, the mobile wallet has come a long way. Apple Pay accounts for nearly half of all mobile wallet transactions in the United States, signaling a strong command over the...
NayaPay has become the first electronic money institution (EMI) in Pakistan, after the company was granted commercial approval to operate by the country’s central bank, according to a company announcement Thursday (Sept. 2). Sponsored by one of Pakistan’s leading business conglomerates, Lakson Group, NayaPay is...
HSBC Qatar is rolling out mobile payments for its personal and corporate customers as it works to digitize its payments, a press release says. With the upgrades, financial inclusion will be simplified for the unbanked sector as well as Qatar visitors. That brings the bank’s...
Card-issuing company Marqeta announced in a Thursday (July 29) press release that its platform will fuel the new virtual Google Pay balance card. The new virtual Google Pay balance card enables users to spend their Google Pay balance through a virtual card tokenized into a mobile wallet,...
A new Venmo redesign will boost privacy settings and make it so that payments can’t be seen by strangers, a Tuesday (July 20) news release from parent company PayPal said. Per the release, as part of its update, Venmo is removing the global feed. Now,...
Mobile wallets have an excellent track record for generating a lot of hype in the payments ecosystem, but their pre-pandemic track record for use and consumer enthusiasm was decidedly mixed. While some wallets, most notably PayPal, did well for online transactions, consumers leveraging them in...
With newfound enthusiasm for contactless transactions amid the pandemic, consumers’ preference for mobile wallets is growing undeniably — but not evenly, according to PYMNTS’ latest data. PayPal dominates in almost every category measured: shopping online, shopping in-store, by gender and by generation, it has a...
Mobile wallet use has tripled in as many years, on its way to paying for over 52 percent of eCommerce transactions by 2023, according to one study. Put another way, dreamers are awakening to mobile wallets’ wondrous qualities. Now it’s time for business to do...
Digital asset marketplace startup Bakkt is launching its eWallet app to streamline all kinds of electronic holdings, from cryptocurrencies to branded loyalty points, the company said in a Tuesday (March 30) press release. The digital wallet app gives people the ability to filter all digital assets...
