Mobile Payments news and trends

67% of FinTechs Prioritize Mobile Capabilities to Drive Growth and Engagement

November 18, 2024
woman using mobile phone
Citi and Bank of Shanghai Team on International Travel Payments
Travel Payments // November 13, 2024

Citi and the Bank of Shanghai have teamed to streamline payments for visitors to China. The payments solution announced by the two banks Wednesday (Nov. 13) is designed for the Bank of Shanghai’s TourCard — a prepaid card created specifically for overseas travelers to make mobile payments in China —...

Mastercard and Tap Payments to Launch Click to Pay With Payment Passkey
Payment Methods // November 12, 2024

Mastercard and Tap Payments have partnered to introduce a Click to Pay with Payment Passkey service for eCommerce transactions. The companies plan to launch the service in the United Arab Emirates (UAE) and then expand it to other markets across Eastern Europe, the Middle East and Africa, they...

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

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 pay for everything from streaming media to utilities. For some companies, prepaid cards can represent as much as 70% of...

Mastercard: Tokenized Payments Turn Make-or-Break Checkout Moments Into Sales
eCommerce // November 05, 2024

Seamless checkout is a winning mantra for retailers looking to capture sales and delight their customer bases. Customers largely expect a fast, secure and intuitive checkout process. However, hurdles remain, and a seamless checkout isn’t always as easy as click-pay-done. “Despite the shift to digital...

Interviews & Exclusives
67% of FinTechs Prioritize Mobile Capabilities to Drive Growth and Engagement

November 18, 2024
FinTechs are pursuing modernization to stay competitive, focusing on mobile capabilities and enhancing user experience. According to a PYMNTS Intelligence report, “The FinTech Innovation Agenda,” a collaboration with Velera, nearly two-thirds of FinTechs are prioritizing mobile feature expansion in the next three years, while refining internal testing and addressing regulatory challenges. The report examines how […]

CEO Interview: Pay-as-You-Go Options Help LatAm Consumers Battle ‘Prepaid Fatigue’

November 11, 2024
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 pay for everything from streaming...

Mastercard: Tokenized Payments Turn Make-or-Break Checkout Moments Into Sales

November 05, 2024
Seamless checkout is a winning mantra for retailers looking to capture sales and delight their customer bases. Customers largely expect a fast, secure and intuitive checkout process. However, hurdles remain,...

No Cash, No Problem: Mobile Payments Surge as Businesses Ditch Hardware

October 21, 2024
Gone are the days of customers fumbling in their back pockets for cash or cards. “Innovations like tap on mobile and mobile wallets go a long way to simplify and...

Quick Reads
Citi and Bank of Shanghai Team on International Travel Payments

November 13, 2024
Citi and the Bank of Shanghai have teamed to streamline payments for visitors to China. The payments solution announced by the two banks Wednesday (Nov. 13) is designed for the Bank of Shanghai’s TourCard — a prepaid card created specifically for overseas travelers to make mobile payments in China — letting visitors add funds to their TourCard digital account with […]

Mastercard and Tap Payments to Launch Click to Pay With Payment Passkey

November 12, 2024
Mastercard and Tap Payments have partnered to introduce a Click to Pay with Payment Passkey service for eCommerce transactions. The companies plan to launch the service in the United Arab Emirates (UAE) and...

Mastercard and NatWest Launch Mobile Virtual Card Partnership

November 04, 2024
Mastercard and NatWest partnered to introduce a mobile virtual card payment tool for businesses in the United Kingdom. Approval2Buy is the first service in Europe to use Mastercard’s mobile virtual...

Thunes QR Code Payments Tool Streamlines Transactions for Travelers Visiting China

October 22, 2024
Thunes launched a payments tool to help travelers doing business in China. The company’s new QR Code Payments solution enables foreign mobile wallets and financial institutions to directly access China’s...