When consumers make online purchases of food items, retail products, groceries or travel services, a growing share of them are doing it on mobile devices. The share is especially high when it comes to travel services. Among the consumers who made at least one purchase...
Tencent, the Chinese tech giant, is looking into whether regulators will required it to have a financial holding company for its FinTech business, CNBC wrote Wednesday (March 23). This comes after a Bloomberg report that Chinese authorities are considering making Tencent create a financial holding...
Build versus buy is the perennial debate in all areas of technology. Nowhere is the choice more pressing than in payments, especially for FinTechs. Ingo Money CEO Drew Edwards told PYMNTS’ Karen Webster that enabling money mobility is a bit like buying a boat: It...
ACI Worldwide, a real-time payments software company, is offering PayPal and Venmo payments to federal taxpayers, according to a Tuesday (March 8) press release. ACI will be the first vendor to offer Venmo as a payment option for taxpayers filing their federal returns, the release...
Mexico is seeing a surge in consumer interest in online payment and banking tools, particularly when it comes to mobile-optimized features. A recent report found that 94% of Mexican consumers use mobile banking apps or online banking services, even though the country has a large...
Few industries have been unaffected by the ongoing pandemic, and while some businesses have suffered greatly, others have experienced strong growth. Like many businesses operating mobile wallets, Norway-based mobile payments firm Vipps has seen bumper usage since the onset of the pandemic. “From the payments...
GoDaddy is offering a way to streamline payments for small businesses, both in eCommerce and in person, through QR codes for on-the-go transactions, a press release said Tuesday (Feb. 15). The release said the service would be ideal for small businesses, such as farmer’s market...
Facebook has officially launched split payments for Messenger, two months after saying it was testing the new feature. The feature is now available in the U.S. on iOS and Android phones, letting users split bills evenly or customize the amount each person owes, Facebook said...
While debit cards might be the preferred in-person payment method for members of Generation Z, don’t expect this trend to last. A recent report from eMarketer finds that these digital natives expect they’ll cut back on the use of plastic cards in the future. Gen...
