PicPay, a Brazilian digital wallet, has 20 million clients as of early May, well ahead of schedule, according to a report by Reuters. The goal was to hit that many clients by December 2020. But social distancing and the pandemic left people with more incentive...
The stage is set for contactless payments in commerce, for plastic to remain in the wallet, and for consumers to embrace digital wallets. As workforces become more decentralized, as far-flung employees still have to pay suppliers and vendors — and perhaps even travel (someday) —...
Indonesia could be the next country to accept mobile payments. Reuters reported three of the nation’s financial technology companies are collaborating with Facebook Inc. to seek permission to launch mobile payments in the Southeast Asian country. Indonesia is one of the largest markets for Facebook and...
Though they’ve overcome serious technical hurdles, work well, and are now in the hands of billions of smartphone-owning consumers, mobile wallets including those from Big Tech players Apple and Google are starving for share as Q1 2020 usage slipped below an unimpressive 2019. Between March...
Among its many profound impacts, the COVID-19 pandemic has dramatically altered how consumers shop. Even before large-scale stay-at-home policies went into effect, most consumers sought to limit direct contact with people and objects as much as possible when they went out. One might expect that...
