Due to possible concerns over the storage of user data and other issues, the Indian government is delaying Facebook’s planned nationwide launch of the WhatsApp payment service in the country. The Ministry of Electronics and Information Technology (MeitY) has reportedly asked WhatsApp, along with partner banks,...
Wall Street firm Morgan Stanley is getting more bullish on the payments and processing markets, upgrading its investment rating to be attractive, with growth expected in the quarters to come. According to a report in MarketWatch, Morgan Stanley cited the resiliency of consumer spending, market...
Contactless payments scored big at the FIFA World Cup in Russia, with 50 percent of Visa purchases in tournament venues utilizing contactless transactions through cards, mobile devices and wearables. The popular sports event enabled Visa to highlight new payment technologies that save fans time, while keeping their...
Scientists say that humans have a lot in common with mice. Both species, a new study conducted by researchers at the University of Minnesota Medical School has found, express profound regret over how much time is spent waiting for something to happen. The study examined...
Is unbundling the future? So it would seem. Banking is being unbundled. Open banking, set in motion globally by a regulatory fiat called PSD2, gives licensed third parties access to banking infrastructure so that they can make their services available to existing bank customers. The...
Generating year-on-year growth of nearly 4 percent, Smart Payment Association (SPA) data indicates that 2.3 billion payment chip cards were shipped worldwide in 2017. While shipment volumes in China and the United States “continue to normalize,” contactless payment cards are more than 70 percent of...
With a new experimental feature, Airbnb hosts will be able to get a partial payment soon after a guest makes a booking. But as of now, Airbnb is only testing the feature and it is not permanent, according to reports. While hosts on the site...
Today PayPal is launching Checkout with Smart Payment Buttons, the latest salvo in the firm’s ongoing war against checkout friction. Friction during the online checkout process is a sales killer. A quick glance at the PYMNTS Checkout Conversion Index bears this out: $236 billion a year in potential...
My plan on Friday evening was to write a hard-hitting piece on a services segment with incredible marketplace friction. Then I went to Whole Foods on the North Shore of Boston Saturday morning to do some grocery shopping. There, right inside the front door, was...
