Millions of Chinese consumers have been barred from mobile payment apps amid record defaults. More than 8.5 million people, mostly between 18 and 59, have found themselves blacklisted due to missing payments on things like mortgages and business loans, the Financial Times reported Sunday (Dec. 3),...
Innovations shape the way businesses engage, transact and thrive. If they didn’t, they wouldn’t be advancements; they’d be duds. But sometimes even the most promising advances, such as the ongoing digital transformation of commerce and payments, need a little push forward from the macro environment....
The payments industry is undergoing a transformation, largely driven by the rise of payment facilitators, or PayFacs. These entities streamline the acceptance and processing of digital payments for software platforms, business solutions and eCommerce marketplace sellers that are aiming to seamlessly embed payments into their...
Adyen will hold an investor day this week following a massive price drop earlier this year. And as Bloomberg News reported Tuesday (Nov. 7) investors are calling for a “clear blueprint” from the Dutch payments FinTech can right itself. “Investors will need to leave the investor day feeling...
Payment facilitators (PayFacs) have become a crucial component of the ever-evolving financial landscape, playing a pivotal role in enabling seamless digital transactions, connecting businesses with payment networks, and enhancing the overall payment experience for both merchants and consumers. A recent study conducted by PYMNTS Intelligence...
As the world moves forward, digital identity is becoming a crucial cornerstone of tomorrow’s innovations. This is truer than ever when it comes to the importance of open-source adoption in shaping the future of decentralized credentials, digital wallet naming and open payment standards. “When people...
The only constant is change, and the only necessity is adapting to it. This adage is particularly true within the global digital payment collection and bill presentment services ecosystem. “It’s no surprise that the growth in digital payments has outpaced paper-based transactions, but the challenges...
Customization isn’t just a trend; it’s the future of digital payments. Personalization fuels loyalty in the digital payment age, and turning transactions into tailored experiences is helping firms move beyond one-size-fits-all approaches to end-user stickiness and retention. “If you think about physical experiences and interactions,...
Deserve, a mobile-first credit card issuing platform, launched new digital processing capabilities that aim to help banks and credit unions transform digital payment experiences. The capabilities, built using Mastercard technologies, provide direct connectivity to the Mastercard network for mobile apps or software development kits, Deserve...
