In emerging markets, the digital wallet represents much more than a novel payment option. It is a digital passport to the digital world. And in that world, a card can go anywhere, but software — not so much. As digital payments grow in popularity, this...
Thailand’s digital wallet stimulus plan has suddenly become less digital. As Reuters reported Tuesday (Sept. 3), Prime Minister Paetongtarn Shinawatra said the government’s planned 450 billion baht ($13.1 billion) “digital wallet” handout will be distributed in cash, a change from the government’s flagship policy. Initially,...
Digitization over the past decade-plus has transformed the back office with next-generation software solutions. But it’s not just the back office; innovations like digital wallets have been transforming the proverbial back pocket, too. The impact digital wallets are having as mobile technology advances and consumer...
Just as plastic cards replaced metal keys at hotels, digital wallets are replacing key cards. As CNBC reported Sunday (Sept. 1), this shift follows a tough stretch for plastic hotel key cards, thanks to health concerns during the pandemic and cybersecurity worries more recently. That’s led...
MercadoLibre has filed a complaint with Argentina’s competition regulator, alleging that Argentine banks are using an anti-competitive tactic against the company’s FinTech arm, Mercado Pago. In its legal complaint filed with the country’s National Commission in Defense of Competition, MercadoLibre accused the banks of “illegally...
BetMGM says it is the first betting app offering Nevada bettors nationwide connectivity via digital wallet. “Through its operation and partnership with MGM Resorts International and powered by Entain’s technology, this innovative feature makes BetMGM the only legalized sports betting app to allow Nevada residents and visitors to...
There are two dueling trends defining 21st century payments: digitization and cybercrime. And while the two trends are unrelated — particularly given that paper-based payments are more of a fraud risk than their digital counterparts — a new research paper published last week (Aug. 14)...
Californians will soon be able to present their driver’s licenses or state IDs by using an iPhone or Apple Watch. Apple is working with the state of California to bring IDs to Apple Wallet “soon,” the company said in a Thursday (Aug. 15) press release....
Digital wallets are rapidly transforming the payments landscape, with projections indicating they will surpass debit cards in transaction value within three years. This transition highlights the role of digital wallets not only as a payment option but also as a versatile tool that boosts consumer...
