PYMNTS-MonitorEdge-May-2024

digital wallets

German Digital Bank N26 Shutting Down U.S. Operations 
German Digital Bank N26 Shutting Down U.S. Operations 
November 18, 2021  |  Banking

German digital bank N26 will close its U.S. operations as of Jan. 11, 2022, less than two-and-a-half years after it debuted in America and attracted...

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Plastic Credit Cards Are Far From Extinction but Digital Payments Will Only Rise
Plastic Credit Cards Are Far From Extinction but Digital Payments Will Only Rise
November 18, 2021  |  Digital Payments

Most consumers still reach for their physical cards or the cash in their wallet at checkout, despite a wealth of data suggesting a clear trend...

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Comviva, Strands Team to Provide Banks a Digital Payment Suite
Comviva, Strands Team to Provide Banks a Digital Payment Suite
November 17, 2021  |  Partnerships / Acquisitions

India-based mobile solutions provider Comviva has joined forces with FinTech firm Strands to offer an integrated suite of digital banking, wallet and payment solutions for...

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Cash No Longer King in Latin America
Cash No Longer King in Latin America
November 17, 2021  |  Digital Payments

Colombia’s digital banking space expanded by 59% between 2019 and 2020. Other nations in Latin America are following that lead, Kushki Chief Revenue Officer Madeleine...

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Making Contactless Payments Acceptance Affordable and Flexible for European Merchants
Making Contactless Payments Acceptance Affordable and Flexible for European Merchants
November 16, 2021  |  International

Since its launch in 2012, French FinTech firm dejamobile has had one goal: help ecosystems make digital payments accessible to everyone, everywhere. Targeting the payment,...

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TerraPay-MTN Uganda Partnership to Offer “Digital Mobility” 
TerraPay-MTN Uganda Partnership to Offer “Digital Mobility” 
November 15, 2021  |  Partnerships / Acquisitions

The Dutch payments infrastructure company TerraPay has joined forces with MTN Mobile Money Uganda Limited to power speedy transfers to beneficiaries in places like China...

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Apple’s Digital ID Launch Depends on States Picking up Tab
Apple’s Digital ID Launch Depends on States Picking up Tab
November 14, 2021  |  Apple

Apple is requiring participating states to help it launch a program in which individuals can store their driver’s license or state identification in their Apple...

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Paysafe Stock Sinks Amid Weak Digital Wallet Performance
Paysafe Stock Sinks Amid Weak Digital Wallet Performance
November 11, 2021  |  Market Conditions

Shares of the online payment processing platform Paysafe plunged to a record low Thursday (Nov. 11) after disappointing third quarter revenues were reported, due in...

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Nordic Mobile Wallets Must Collaborate to Fend off Competition From Global Players
Nordic Mobile Wallets Must Collaborate to Fend off Competition From Global Players
November 10, 2021  |  Mobile Wallets

Small but mighty is one way to characterize Nordic countries when it comes to payments innovation. The small-sized countries in the region like Denmark, Finland...

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