PYMNTS-MonitorEdge-May-2024

Mobile Payments

A mobile payment is a money payment made for a product or service through a portable electronic device such as a tablet or cell phone. Mobile payment technology can also be used to send money to friends or family members, such as with the applications PayPal and Venmo.

Source: investopedia.com

What the US Can Learn From Europe’s Digital Wallet Renaissance
What the US Can Learn From Europe’s Digital Wallet Renaissance
September 03, 2024  |  Mobile Wallets

Digitization over the past decade-plus has transformed the back office with next-generation software solutions. But it’s not just the back office; innovations like digital wallets...

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CFPB Seeks Developers’ Comments on Apple’s Rules on Tap-to-Pay Access
CFPB Seeks Developers’ Comments on Apple’s Rules on Tap-to-Pay Access
August 28, 2024  |  CFPB

The Consumer Financial Protection Bureau (CFPB) is seeking public comment on Apple’s recently announced rules governing how financial companies and app developers offer tap-to-pay functionality on its...

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Beyond the Form Factor: The Story of Digital Wallets Is Still Unwritten
Beyond the Form Factor: The Story of Digital Wallets Is Still Unwritten
August 28, 2024  |  Digital Payments

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...

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Can Stablecoins Spark Crypto Adoption Across Retail and B2B Markets?
Can Stablecoins Spark Crypto Adoption Across Retail and B2B Markets?
August 26, 2024  |  Cryptocurrency

The cryptocurrency sector has long been in search of gateway use cases to accelerate adoption. News broke Friday (Aug. 23) that Wyoming is reportedly developing...

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Indian FinTech PhonePe Launches Credit Use on App
Indian FinTech PhonePe Launches Credit Use on App
August 22, 2024  |  Credit Cards

PhonePe is rolling out a way for Indian consumers to link their credit lines to the Unified Payments Interface (UPI) on its platform. Shoppers can...

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FIS and Neural Payments Partner on P2P Payment Service
FIS and Neural Payments Partner on P2P Payment Service
August 15, 2024  |  Partnerships

FIS and Neural Payments have partnered to help banks offer peer-to-peer (P2P) payment capabilities to their customers. This collaboration will make Neural Payments’ P2P payment...

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Apple Gives Third Parties Access to Tap-and-Go Payments Tech
Apple Gives Third Parties Access to Tap-and-Go Payments Tech
August 14, 2024  |  Apple

Apple says it is giving developers access to its near-field communication (NFC) technology. “Starting with iOS 18.1, developers will be able to offer NFC contactless...

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GCash Seeks IPO When Market Conditions Improve
GCash Seeks IPO When Market Conditions Improve
August 07, 2024  |  Mobile Wallets

Philippines-based mobile payments provider GCash wants to go public, when the time is right. “We recognize that the new round of investments further strengthens Mynt’s ability and position coming...

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Report: Apple Tells WeChat Parent Tencent to Eliminate Payment Loopholes
Report: Apple Tells WeChat Parent Tencent to Eliminate Payment Loopholes
August 02, 2024  |  Apple

Apple is reportedly pressuring the makers of China’s most popular apps — WeChat and Douyin — to stop allowing in-app creators to steer users to...

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