Digital wallets

Global Prepaid Cards and Digital Wallets Market 2022: Digital Wallets Partner to Launch Prepaid Cards in Asian Market

DUBLIN, March 11, 2022 /PRNewswire/ — The report “Global Prepaid Card and Digital Wallet Business and Investment Opportunities Databook – Market Size and Forecast, Consumer Attitude & Behaviour, Retail Spend” has been added to from ResearchAndMarkets.com offer. The global prepaid card market (by value) grew at a CAGR of 9.2% during the period 2017-2021. During […]

Payment method

Leveraging Technology to Improve Financial Inclusion in the United States

By Ismail Amla, Executive Vice President, Professional Services, NCR Corporation The benefits of financial inclusion are known and numerous. Households that lack access to bank accounts or relatively affordable mechanisms for receiving, paying, and spending money end up spending a significantly higher percentage of their income on cash-intensive financial options. These options, like money orders […]

Digital wallets

What’s behind the widespread adoption of digital wallets by consumers?

In 2021, nearly two-thirds of digital consumers worldwide used a digital wallet to purchase products from a physical store or online. Along with convenience and ease of use, cash has also seen steep declines due to the pandemic as consumers look for ways to reduce points of transmission. Additionally, lockdowns and other protocols aimed at […]

Digital wallets

Indian Prepaid Cards and Digital Wallets Market 2022: Digital Wallets Partner to Launch Prepaid Cards in Indian Market

DUBLIN, February 18, 2022–(BUSINESS WIRE)–India Prepaid Card and Digital Wallet Business and Investment Opportunities Databook – Market Size and Forecast, Consumer Attitude & Behaviour, Retail Spend report has been added to from ResearchAndMarkets.com offer. In 2021, the Indian fintech industry has witnessed strong growth. With the evolving digital landscape in the country, various fintech companies […]

Digital wallets

juspay: JusPay launches software to make digital wallets mutually compatible

Bengaluru: Softbank-backed digital payments infrastructure provider JusPay on Thursday announced a software stack called OpenPPI that helps prepaid instruments (PPIs) such as digital wallets implement and comply with the PPI interoperability rules of RBI. The Reserve Bank of India (RBI) said in May 2021 that all fully KYC-compliant prepaid cards and wallets must be fully […]

Direct debit

Banco di Caribe partners with Sentoo to offer online direct debit payments

A new major step in the field of digitization and banking processes WILLEMSTAD – Banco di Caribe and Sentoo have recently reached a milestone in the history of financial services. Mr. Dito de Kort, Commercial Director and General Manager of Banco di Caribe explains that Banco di Caribe has listened to the market and is […]

Digital wallets

Digital wallets are fueling massive impulse spending

Digital wallets facilitate a staggering amount of impulse spending, according to the data. Here’s what we splash on, on a whim. According to a study by comparison site Choosi, 44% of Australians sometimes use a digital wallet to pay for their daily transactions. Most digital wallet users (51%) linked them to their debit card, while […]

Digital wallets

The world redesigned: digital wallets are revolutionizing the way we pay and where we pay

TAt this time of year, many of us are pulling out our wallets more frequently, but more and more this wallet is digital. Here, we’ll take a look at the rapid pace of innovation in payments as new technologies make payments faster, cheaper, less intrusive, and more secure. While the two Web 1.0 and Web […]

Digital wallets

Top 5 digital wallet trends for 2022 and beyond

Digital wallet trends accelerate for 2022 to dominate the financial sector Digital Wallet or Electronic Wallet is a software system that securely stores payment information and user passwords for various payment methods and websites. Digital wallets can be used in conjunction with mobile payment systems, which allow customers to pay for all kinds of purchases […]

Digital wallets

Payguru and Iyzico Launch Direct Carrier Billing for World First Digital Wallets

TPAY MOBILE Company Payguru Partners With Turkey’s Leading Virtual Point Of Sale Provider To Enable First-Ever Digital Wallet Top-Up Via DCB STANBUL, November 29, 2021 / PRNewswire / – Payguru, a TPAY MOBILE FZ-LLC, today announces the launch of a new use case for Direct Carrier Billing (DCB) in partnership with Iyzico, the leading provider […]

Digital wallets

Featured Feature: Understanding Digital Wallets: Are They Here to Stay? | Intel RGE

AstroPay’s Mikael Lijtenstein discusses the impact Covid-19 has had on the rise of the digital wallet and how it benefits consumers and merchants The last 18 months of the Covid-19 pandemic have seen a significant increase in digital payments and this continues to influence consumer behavior and the elimination of cash transactions. Speculation about the […]

Digital wallets

Liberia: Payguru and Iyzico Launch Direct Carrier Billing for World First Digital Wallets

TPAY MOBILE Company Payguru Partners With Turkey’s Leading Virtual Point Of Sale Provider To Enable First-Ever Digital Wallet Top-Up Via DCB TPAY MOBILE FZ-LLC, today announces the launch of a new use case for Direct Carrier Billing (DCB) in partnership with Iyzico, the leading provider of point-of-sale (POS) solutions virtual in Turkey. Turkish consumers will […]

Digital wallets

The rise of digital wallets and the disappearance of plastic cards

For a few years now, predictions have suggested that plastic credit cards or any other physical payment method will not be around for very long. On the other hand, speculation about how long we will keep cash in our pockets has always been a popular discussion among financial experts. Various founders of financial institutions, as […]

Digital wallets

Paysafe accelerates innovation with Bitrise for faster payments on digital wallets

LONDON–(COMMERCIAL THREAD) –Paysafe (NYSE: PSFE), a leading specialty payments platform that powers the payment offerings of approximately 75% of operators in the regulated US iGaming market, today announced its collaboration with the company Mobile Devops Bitrise. Leveraging Bitrise’s mobile development platform, Paysafe has automated and accelerated the core mobile practices behind its Skrill and NETELLER […]

Digital wallets

ETF clients can now use their virtual cards in digital wallets »Stuff

In a press release today, ETFs announced that its customers can now use their virtual cards with participating digital wallets, such as its own tap-to-pay and scan-to-pay features, Apple Pay, Samsung Pay, Fitbit Pay and Garmin Pay. Since the start of the year, 500,000 virtual cards have been activated and used to spend more than […]

Digital wallets

Are digital wallets ready to replace credit cards?

Credit: Pixabay. Since magnetic strips were added to credit cards in the 1970s, their uses quickly exploded due to the significant advantages they offered over physical money. Pocket-sized, easily transportable, secure and without intrinsic value, credit cards quickly conquered consumers. But innovations in digital payments can lead to the death of physical debit and credit […]

Digital wallets

Digital wallets, instant payment key for FIs

Digital payments are quickly becoming the new normal in the world, with more than $ 6.6 trillion in digital payments expected to crisscross the world this year. This growth is not expected to slow anytime soon, with the value expected to increase to $ 10.5 trillion over the next four years. Speed ​​has become the […]

Credit card

HDFC partners with PayTM to boost credit card business

HDFC Bank has announced a partnership with PayTM, a digital payment tool, to start selling co-branded plastics before the start of the holiday season. The move aims to revive the private lender’s lost business in the credit card segment. Credit cards would be funded by Visa. The private lender said the alliance will strive to […]

Direct debit

Access PaySuite acquires electronic direct debit provider SmartDebit

UK mid-market businesses are on track to take advantage of the “future of payments” after Access PaySuite (a division of Access UK Ltd) acquired direct debit provider SmartDebit. Access PaySuite, part of The Access Group, a provider of mid-market enterprise software solutions, is one of the growing digital payments providers in the UK, operating in […]

Digital wallets

The rapid growth of digital wallets and contactless payment solutions explained

The use of smartphones has increased significantly, especially the number of payments executed through smartphones. According to statistics, the number of users engaging in this type of payments as well as the transaction values ​​have increased significantly. The latest forecasts estimate that digital wallets could grow into a $ 2.5 trillion industry this year. The […]

Digital wallets

Australia is developing new digital wallet regulation; ByteDance acquires Pico

In this weekly segment, ExchangeWire summarizes major industry updates in media, marketing, and commerce from around the world. In this edition: Australia considers stricter regulations for digital payment systems; ByteDance to Acquire Chinese VR Headset Manufacturer Pico; sources report that Reddit is preparing to go public; and the CoinSwitch Kuber crypto exchange are said to […]

Digital wallets

Australia is developing new digital wallet regulation; Axel Springer Buy Politico

In today’s ExchangeWire news summary: Australia Plans Tighter Regulations for Digital Payment Systems; Politico is bought by Axel Springer; and Dukaan raised US $ 11 million. Australia reflects on new digital payments law Australian government considering new laws increase regulation of digital payment services provided by leading technology companies. Services like Apple Pay, Google Pay, […]

Digital wallets

Threats increase as digital wallets gain popularity

The pandemic, along with the personal preferences of users, has contributed to the rapid emergence of digital payment apps and digital wallets, which compete with credit cards and cash as preferred payment options. The growing popularity of digital wallets like Google Pay, Samsung Pay and Apple Pay makes them a bigger target for malicious actors, […]

Digital wallets

Online payment methods in Asia-Pacific after COVID-19: cards and digital wallets the most common payment instruments – ResearchAndMarkets.com

DUBLIN – (COMMERCIAL THREAD)–The “Asia-Pacific 2021 online payment methods after COVID-19” report was added to ResearchAndMarkets.com offer. The report provides an overview of the current status and future trends of the online payments market in the Asia-Pacific region. Among other results, the publication reveals that the BNPL service is one of the most common payment […]

Digital wallets

Digital wallets give birth to African “super apps”

Although Africa remains the home of mobile money, the shift to digital wallets is in full swing in countries with high smartphone penetration. It is according to a white paper published by market research firm Omdia and commissioned by CR2, which discusses the rise of digital wallets and how mobile wallets have successfully targeted the […]

Digital wallets

Giant Eagle to accept Venmo and PayPal, citing popularity of digital wallets

PHOTO: SHUTTERSTOCK VSGiant Eagle and GetGo customers can now pay for their groceries without even having to open their wallet. Giant Eagle announced that it now accepts PayPal and Venmo QR codes as payment methods at each of the company’s 474 supermarkets and GetGo stores, recognizing the growing popularity of digital wallets and mobile transactions […]

Digital wallets

Digital payments are the new normal: UPI-based payment apps, digital wallets now eyeing small towns

As consumers increasingly opt for digital rather than cash transactions, and with the simultaneous growth of e-commerce and internet penetration in India, digital payments are expected to continue on an upward trajectory. UPI-based digital payment apps, which were on a growth trajectory even before the pandemic, are thriving into the new normal. A joint report […]

Digital wallets

Indian buyers vote overwhelmingly for convenience of digital wallets: report

The acceleration of all things digital has prompted Indians to turn to digital and contactless payments, digital wallets, digital gift cards and QR codes as the pandemic reshaped consumer behavior, according to one new survey from global payment provider, Blackhawk Network. The report also says online shopping will continue to reign supreme – mobile wallets, […]

Digital wallets

94 pc of Indians think digital wallets made shopping easier

The acceleration of all things digital has prompted Indians to turn to digital and contactless payments, digital wallets, digital gift cards and QR codes as the pandemic has reshaped consumer behavior. According to a new survey from global payment service provider Blackhawk Network, “69% of respondents will buy more frequently from retailers that accept digital […]

Digital wallets

Nine out of 10 Indians prefer to buy with digital wallets; 54% say they tend to shop more: survey

As online shopping escalates amid the country’s Covid-19 pandemic, nine in 10 Indians strongly believe digital wallets have made shopping easier and a large majority (98%) of those surveyed have made their purchases at an online retailer only in the past 12 months, a new global report showed on Wednesday. A survey by global payment […]

Digital wallets

REPORT: Digital wallets are becoming a huge trend

From the start of the pandemic until now, payments through smartphones have become very common following continued growth. The number of users and the level of transaction value have increased. According to recent data, digital wallets are expected to grow into a US $ 2.4 trillion industry in 2021, with transaction values ​​showing an increase […]

Digital wallets

New standards could revive digital wallet fortunes

Digital wallets could regain ground, with Indian payment body and Reserve Bank of India (RBI) allowing more flexibility in digital payment mechanism which has lost its relevance following the introduction of payment interface transactions unified (UPI). According to experts, allowing the use of UPI to load money into electronic wallets will help make the payment […]

Digital wallets

How Singapore’s digital wallets fared during the pandemic

Digital wallets in Singapore have had an exceptional year. With bottlenecks catalyzing the growth of online shopping, the local e-commerce market has reached US $ 7 billion in 2020. And growth should be sustained. 9 out of 10 new digital consumers intend to continue using digital services in the future. As the digital economy grows, […]

Digital wallets

“The interoperability of digital wallets would increase the penetration of digital payments”

New Delhi: With RBI making the interoperability of mobile wallets mandatory from FY23 onwards, issuers of non-bank PPIs (prepaid payment instruments) or digital wallets have been brought up to par with traditional bank accounts in terms of the services offered with the movement. allowing a much wider use and penetration of digital. payments in the […]

Digital wallets

QR Codes and Digital Wallets are Gaining Popularity Fast Among Consumers – Digital Transactions

Rapid response codes are one of many payment options to flourish as consumers embrace digital and contactless payments in the wake of the Covid-19 pandemic, according to a report from Blackhawk Network Inc. Of the 13,000 people surveyed in nine countries representing almost half of the global card payment volume, 18% say they used a […]

Digital wallets

Consumer ownership of digital wallets is growing, but will the trend continue?

Digital wallets have had a big year thanks in part to the pandemic: new data from the latest FIS PACE research reveals that 32% of mobile wallet users now have three or more mobile wallets – like Apple Pay, Google Pay and others – downloaded to their smartphones, compared to only 21% a year ago. […]

Customer payment

Expanding customer payment options: a response to the pandemic but a lasting trend

As the COVID-19 pandemic began as – and remains – a health crisis, the financial effects quickly followed for utility customers. For many, shelter-in-place orders limited access to in-person payment portals, and for those affected by rising unemployment and a sudden inability to pay their bills, tough choices had to be made. In fact, according […]