TerraPay says financial institutions can now send money to mobile wallets via the Swift system. The announcement Tuesday (July 23) by the money movement company applies to 2.1 billion mobile wallets worldwide, and is designed to enhance the cross-border payments experience for businesses and consumers. “Payments initiated by...
Enterprise software firm Inrupt has introduced a digital wallet designed to hold user data. Businesses and governments, the company wrote on its blog Tuesday (July 23), can use the technology to give customers and citizens a place to store their data. “Over 60% of the...
Consumers’ use of digital wallets is evolving beyond just making purchases, and younger generations are showing the way forward. The PYMNTS Intelligence report “Digital Wallets Beyond Financial Transactions: A Global Perspective,” created in collaboration with Google Wallet, drew from a survey of more than 12,000...
Mobile payments — and by extension, mobile wallets — are proving to be a favorite means of paying for all aspects of daily life as younger consumers navigate physical and digital channels. A range of findings from PYMNTS Intelligence reports have illustrated just how pervasive...
Retail shoppers making purchases using digital wallets have shifted from favoring PayPal to Apple Pay, PYMNTS Intelligence reveals, and the latter only continues to gain share. By the Numbers A PYMNTS Intelligence survey of 1,730 consumers in April who had purchased non-grocery retail items in...
The modern credit card’s history stretches back to just after World War II, when the Charg-It card came out of Brooklyn, tied to a single bank. Account holders could use the cards at a few local merchants, and the bank paid the merchants and billed the cardholders....
China’s Ant Group is reportedly looking to expand use of its payments product Alipay+. “What we found is that people want to use their home e-wallets when they travel abroad. So they don’t want to have to load their card into another app that they don’t know as well,” Douglas...
Whether shopping online or in person, an increasing number of consumers are embracing digital wallets. But the appeal of digital wallets — which include Apple Pay, Google Wallet, PayPal and others — doesn’t end with shopping. Digital wallets can also provide other features intended to make the lives of users easier, such as...
Alipay+ unveiled a cross-border payments initiative in a move to boost Hong Kong’s tourism and commerce sector. The platform facilitates transactions for users of 14 overseas mobile wallets and bank apps from nine countries and regions. Among the eWallets and bank apps newly introduced to the city’s landscape are Hipay from Mongolia, Malaysia’s MyPB by Public Bank Berhad and Touch ’n...
