Turns out contactless payments were a lot more than a pandemic solution. They were in development as early as 2008, but what began as a public health measure in mid-2020 has evolved into a transformative force in the payments industry, impacting cards, digital wallets and...
Consumers in Brazil are embracing their digital wallets for making payments. Almost half of consumers use them for paying bills, for example. Surprisingly, it is the country’s baby boomers and seniors who are the most active digital wallet users when paying bills — and for...
When it comes to payments, no one gets a hall pass. Not even a nonprofit gets one. In fact, the world of charitable giving offers a microcosm of the challenges and opportunities for platforms seeking to bring payments fully into the digital age. “At the...
There’s moving money and then there’s money mobility. One represents the current state of how money moves in and out of accounts. The latter is the cornerstone of today’s announcement that money mobility platform Ingo Payments has acquired cloud-based banking platform Deposits Inc. The Deposits...
In today’s business environment, effective payment methods are essential. Outdated payment systems can create cash flow challenges, while digital payments offer streamlined processing, enhanced operational efficiency and improved customer experience. The PYMNTS Intelligence report “Getting Paid: Digital Payments for Improving Cash Flow and Customer Experience”...
There have been some significant milestones so far in the development of the digital wallet. Its early days track back to 2003 with the debut of Alipay in China, with Africa’s M-Pesa following in 2007. In 2011, Google Wallet was introduced, allowing users to store...
Mastercard has teamed with FinTech Rellevate to improve payments and disbursement services for the public sector. The collaboration, announced Tuesday (Aug. 27), will tap into Rellevate’s digital banking, disbursements and wallet solutions, which the companies say are meant to unlock access to payments technology for...
Being in business means putting a lot of effort into staying in business. And staying in business is a challenge many small and medium-sized businesses (SMBs) face, exacerbated by delayed and manual payments. Payment delays can undermine SMB cash flow and have a downstream impact...
Consumers in France are embracing digital wallets for payments. For example, more than one-third (38%) use them for online shopping. Surprisingly, we find millennials in France are more likely to use these wallets for online shopping than Generation Z consumers. In fact, Gen Z is...
