The Reserve Bank of India’s (RBI’s) offer to allow payment firms to enable eRupee transactions via their platforms has reportedly been taken up by five such firms. Google Pay, Walmart-backed PhonePe, Amazon Pay, Cred and Mobikwik have applied to join the Indian central bank’s digital currency pilot, Reuters reported Monday (Aug. 5),...
Consumers in Germany are embracing their digital wallets for payments. Nearly half (47%) use them for online shopping for example. Surprisingly, baby boomers and seniors in Germany are more likely to use one for online shopping than Generation Z consumers. However, facilitating payments and transfers...
Digital wallets are becoming popular among consumers in the United Kingdom. In fact, nearly half (44%) of consumers in the country expect to continue using these wallets to carry out financial transactions in the next three years. But these tools have the potential to allow...
A year after its launch, the FedNow® Service, the instant payment service introduced by the U.S. central bank last July 20, has seen 900 banks sign up and connect to the new rails. Seth Perlman, global head of product for i2c, told PYMNTS that the sign-ups...
Cash App has integrated with Google Play to offer more checkout options on Android devices. The partnership, announced Thursday (July 18), is designed to help the companies engage with a range of consumers, particularly in the gaming space. “We’re continuously expanding payment options on Google...
As the second half of 2024 unfolds, the insurance sector finds itself in the midst of a profound shift. How profound? According to at least one industry insider, the digital transformation of the insurance business is happening on the scale that swept through retail in...
Walmart-owned Indian eCommerce marketplace Flipkart added new ways for customers to pay bills and recharge payments while shopping on the platform. The company has added FASTag, direct-to-home recharges, landline, broadband and mobile prepaid bill payments to its app, Flipkart said in a Wednesday (July 10)...
Africa-focused payments technology firm enza has partnered with money movement company TerraPay. The collaboration, announced Wednesday (July 10), is designed to promote financial inclusion in Africa, the companies said in a news release provided to PYMNTS. That means enza—with offices in South Africa and Egypt—can...
In the United States, digital wallets can be anywhere a smartphone is. In other words, everywhere. Many U.S. consumers are embracing digital wallets, particularly for online shopping. In fact, data shows consumers are 23% more likely to use them for online shopping than in-store purchases....
