PYMNTS-MonitorEdge-May-2024

Mobile Wallets

Digital Wallets Gain Traction: Nearly Half of US Consumers Tap In
Digital Wallets Gain Traction: Nearly Half of US Consumers Tap In
November 23, 2024  |  Mobile Wallets

In the U.S., digital wallets have become popular for everyday transactions, yet their full potential remains largely untapped. While smartphones are everywhere, and digital wallets...

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Two-Thirds of Digital Wallet Users in France Use Them for Everything but Payments
Two-Thirds of Digital Wallet Users in France Use Them for Everything but Payments
November 22, 2024  |  Mobile Wallets

Digital wallets are becoming essential tools for French consumers, especially as the country embraces the convenience of mobile payment solutions. In the past year, 38%...

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Why Complexity Is the Enemy of the Sale
Why Complexity Is the Enemy of the Sale
November 22, 2024  |  Buy Now Pay Later

Even with the continued shift to digital payments and the plethora of payment options, there are still stumbling blocks in commerce. Complexity is the enemy...

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Final CFPB Rule Expands Oversight of Big Tech’s Payments Ambitions 
Final CFPB Rule Expands Oversight of Big Tech’s Payments Ambitions 
November 21, 2024  |  Regulation

The payment ambitions of the largest, marquee names in technology now will come under greater scrutiny at the federal level. A finalized rule from the...

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47% of Brazilians Use Digital Wallets for Bill Payments
47% of Brazilians Use Digital Wallets for Bill Payments
November 21, 2024  |  Mobile Wallets

Brazil is reshaping the global use of digital wallets, with consumers relying on them for bill payments and identity verification, unlike other countries, where they...

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90% of Consumers Are Familiar With Digital Wallets, but Struggle to Define Them
90% of Consumers Are Familiar With Digital Wallets, but Struggle to Define Them
November 19, 2024  |  Mobile Wallets

As digital wallets become a staple of modern consumer life, there’s a need for clarity around their functions. While many consumers are familiar with the...

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Samsung and Audi to Begin Rollout of Digital Key Functionality
Samsung and Audi to Begin Rollout of Digital Key Functionality
November 15, 2024  |  Mobile Wallets

Select Audi owners will soon be able to use their Galaxy smartphones to lock, unlock and start their vehicles, without needing a physical key. Samsung...

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CEO Interview: Pay-as-You-Go Options Help LatAm Consumers Battle ‘Prepaid Fatigue’
CEO Interview: Pay-as-You-Go Options Help LatAm Consumers Battle ‘Prepaid Fatigue’
November 11, 2024  |  Mobile Wallets

In Latin America, where many consumers are unbanked or underbanked, roughly three-quarters of consumers don’t have credit cards, so prepaid cards are widely used to...

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Alipay+ and PayPay Expand Partnership for Cross-Border Payments in Japan
Alipay+ and PayPay Expand Partnership for Cross-Border Payments in Japan
November 06, 2024  |  Cross-border Payments

PayPay, a QR payments operator in Japan, is expanding its partnership with Alipay+ to widen its merchant coverage network across Japan. More than 3 million...

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