Mobile Wallets news and trends

EU Continues Testing Digital Identity Wallets
Digital Identity // June 23, 2024

The European Union (EU) is getting closer to rolling out its digital identity wallet. As the European Commission (EC) noted on its website recently, the wallet “will be a secure and easy way for European citizens, residents and businesses to prove who they are when...

Apple Shutters Pay Later as It Paves Broader Path for Installment Loans
Apple Pay // June 17, 2024

Nearly two years after its initial announcement and about eight months after its nationwide debut, Apple Pay Later is being discontinued.  In the wake of that announcement, the company is charting its wider path, outlined just last week, toward offering a range of pay-over-time lending...

Elder Scams Spike as More Boomers Move Online
Security & Fraud // June 14, 2024

As more baby boomers and seniors go online to get their banking done — making payments, investing and paying bills or taxes — the fraudsters are finding elder abuse of a financial nature to be quite lucrative. Coming into 2024, the PYMNTS Intelligence report “How...

Apple Pay Expands Services Ecosystem ‘Off’ iPhone Onto Chrome and Into Installments
Apple Pay // June 11, 2024

The first few days of Apple’s annual developer conference, stretching from Monday (June 10) to Friday (June 14), may seemingly be all about artificial intelligence. But a set of announcements Tuesday (June 11) highlights some key ways the tech giant is stretching the reach of...

Interviews & Exclusives
Data: Consumers Are Using Digital Wallets for More Than Payments — Here’s How

June 27, 2024
Consumers’ use of digital wallets is evolving beyond just making purchases, and younger generations are showing the way forward. The PYMNTS Intelligence report “Digital Wallets Beyond Financial Transactions: A Global Perspective,” created in collaboration with Google Wallet, drew from a survey of more than 12,000 consumers across the United States, the United Kingdom, Brazil, France […]

Apple Pay Expands Services Ecosystem ‘Off’ iPhone Onto Chrome and Into Installments

June 11, 2024
The first few days of Apple’s annual developer conference, stretching from Monday (June 10) to Friday (June 14), may seemingly be all about artificial intelligence. But a set of announcements...

Digital IDs and Biometrics Upgrades Define Future of Transaction Security

June 11, 2024
The interlinked future of digital identity and biometrics is already starting to transform payments. As digital wallets increasingly gain traction, the security features driving their use are emerging as components...

Security Features Drive Digital Wallet Usage

June 06, 2024
Mobile payments — and by extension, mobile wallets — are proving to be a favorite means of paying for all aspects of daily life as younger consumers navigate physical and...

Quick Reads
EU Continues Testing Digital Identity Wallets

June 23, 2024
The European Union (EU) is getting closer to rolling out its digital identity wallet. As the European Commission (EC) noted on its website recently, the wallet “will be a secure and easy way for European citizens, residents and businesses to prove who they are when accessing digital services,” letting them “safely obtain, store and share […]

Australia’s Mobile Wallet Use Surges 12,000% Amid Cash Shortage

June 03, 2024
Paper money use is reportedly waning in Australia amid troubles at its top cash supplier. Linfox Armaguard, which moves 90% of cash to the country’s banks, ATMs and retailers, is...

Pomelo and Thunes Partner on International Money Transfer Solution

May 09, 2024
Pomelo and Thunes have partnered on an international money transfer solution from the United States to the Philippines. This credit-based digital wallet solution provides a remittance method that reduces costs...

Google Opens Its Digital Wallet to Users In India

May 08, 2024
Google’s digital wallet is now available in the world’s most populous country. The tech giant announced Wednesday (May 8) that the Google Wallet was now open to users India, with a focus...