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)

TouchTunes Unveils Mobile Wallet for In-Venue Entertainment
TouchTunes Unveils Mobile Wallet for In-Venue Entertainment
March 14, 2024  |  Mobile Wallets

Interactive music/entertainment platform TouchTunes is entering the mobile payment arena. The company on Thursday (March 14) announced the launch of FunWallet, its cashless mobile payment platform that lets...

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PayPal Opens iPhone Tap to Pay for Venmo Business Users
PayPal Opens iPhone Tap to Pay for Venmo Business Users
March 07, 2024  |  Mobile Payments

PayPal has expanded its Tap to Pay on iPhone offering in the U.S. The company said in a Thursday (March 7) press release that the service...

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Monzo Valued at $5 Billion as Neobank Plans Expansion
Monzo Valued at $5 Billion as Neobank Plans Expansion
March 05, 2024  |  Digital-First Banking

UK digital bank Monzo has been valued at $5 billion following a $430 million funding round. The round was led by Alphabet’s CapitalG group as well as Google Ventures, HongShan Capital and...

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Mastercard and MTN Group Partner on Mobile Payments in Africa
Mastercard and MTN Group Partner on Mobile Payments in Africa
March 01, 2024  |  Mobile Payments

Mastercard and MTN Group Fintech have partnered to help consumers and small businesses across Africa transact through mobile payments. With this partnership, Mastercard’s technology will...

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TD Bank Adds Mobile-Based Payment Acceptance Option for Small Businesses
TD Bank Adds Mobile-Based Payment Acceptance Option for Small Businesses
February 22, 2024  |  Mobile Payments

TD Bank has launched “Tap to Pay on iPhone,” a new mobile-based payment acceptance option that aims to provide greater flexibility and convenience for business owners....

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Google to Phase Out Standalone Google Pay App
Google to Phase Out Standalone Google Pay App
February 22, 2024  |  Google

Google is shutting down its standalone Google Pay app to simplify its digital wallet offering. Beginning June 4, the U.S. version of the standalone Google Pay...

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Whistleblowers Allege Inadequate Customer Due Diligence by Cash App
Whistleblowers Allege Inadequate Customer Due Diligence by Cash App
February 16, 2024  |  Security & Fraud

Federal financial regulators are reportedly investigating allegations made by two whistleblowers regarding Cash App. The whistleblowers claim that the mobile payment platform and the entities...

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The Consumer Experience Meets Business Payments Requirements
The Consumer Experience Meets Business Payments Requirements
February 12, 2024  |  B2B Payments

The tug-of-war between institutional inertia and innovation is coming to a head in business-to-business (B2B) payments.  That’s because, as generational and behavioral tides turn, expectations...

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Indian Parliamentary Panel Says Domestic FinTechs Need Support
Indian Parliamentary Panel Says Domestic FinTechs Need Support
February 09, 2024  |  Digital Payments

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...

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