Paytm’s regulatory troubles appear to have pushed Indian consumers to Walmart and Google-owned payments operations. Data released Wednesday (March 5) by the National Payments Council of India (NPCI) showed that the value of Paytm payments made using the country’s Unified Payments Interface (UPI) system fell 14% between January and February. Meanwhile, PhonePe, owned by...
Wedge has introduced a white-label programmable payment solution for banking associations and credit unions. The firm has also appointed Kim Askwith, formerly of Ernst & Young, as president to lead the go-to-market strategy for the product, the FinTech startup said in a Wednesday (Feb. 28) press release. The Wedge...
Amid consumer hesitation to adopt account-to-account (A2A) payments, cash-back incentives could go a long way toward driving use. By the Numbers The PYMNTS Intelligence study “Tracking the Digital Payments Takeover: Consumer Familiarity Controls Account-to-Account Payment Growth” drew from a survey of more than 3,300 U.S....
False declines, which cause friction in the payment process, have a detrimental effect on transaction success rates and discourage customers from returning. According to findings detailed in “Fraud Management, False Declines and Improved Profitability,” false declines put a staggering $157 billion at risk in the United...
Insurance companies are crucial in helping consumers with essential needs. They may provide funds to cover significant emergencies such as major medical procedures, home repairs following a disaster or replacing a car totaled in a collision. However, the slow payment practices within the industry hinder...
An Indian parliamentary panel has reportedly highlighted a need to support the growth of domestic FinTech players in India’s digital payments market. The panel pointed to the dominance of PhonePe and Google Pay, which currently corner a combined share of more than 83% of the...
In the past, urban travel often meant wrestling with cumbersome paper tickets or scrambling for exact change at transit stations. However, with the roll out of smart city payment systems, such as contactless card payments across public transport networks, this landscape is rapidly changing. Now,...
Pursuing an education is fundamental to skill development, intellectual advancement and personal growth, laying the groundwork for future success. However, soaring tuition costs have made attending many schools prohibitively expensive. This expense prompts many students and parents to defray these costs by obtaining loans, grants...
Digital wallets, such as Apple Pay, Google Pay and PayPal, provide convenient and secure ways to complete online purchases. These wallets remove the cumbersome process of entering credit or debit card details at checkout. However, the adoption of digital wallets for in-store purchases has been...
