Digital wallets — Apple Pay, Google Wallet, PayPal and more — give consumers a secure, convenient and contactless way to pay for purchases online and in person. Because they store credit- and debit-card information, they liberate shoppers from having to carry around physical cards when dining or shopping....
Are there any adults still out there who aren’t using digital wallets to securely store important documents? The answer is yes. There are many who don’t, but increasingly consumers are opting to use mobile wallets as a convenient way to both shop and store those...
Interactive music/entertainment platform TouchTunes is entering the mobile payment arena. The company on Thursday (March 14) announced the launch of FunWallet, its cashless mobile payment platform that lets users pay for in-venue amusement machines such as billiards tables or digital dartboards. “FunWallet will allow users to pay for...
Peer-to-peer (P2P) payments are booming, with transaction volumes rising by 25%. This surge is caused by a growing number of businesses racing into the P2P market, eager to capitalize on global consumer demand for easy and convenient payment options, as detailed in proprietary research created...
5G network maker Ericsson reportedly has big plans for Africa’s mobile wallet market. The Swedish company’s software helps power more than 400 mobile wallet accounts around the world, and Michael Wallis-Brown, head of Ericsson’s mobile financial services unit, told Bloomberg News Tuesday (Jan. 9) that Africa is a crucial...
Mobile wallets have gained significant popularity in recent years, providing consumers with a convenient and fast way to make purchases without the need for cash or physical cards. The recent rise of this payment method has driven consumer acceptance of contactless payments. Around 60% of...
Mobile wallets have gained immense popularity among consumers, not only for making in-store purchases but also for their ability to manage finances and store sensitive personal information. According to a recent survey conducted by PYMNTS and ACI Worldwide, mobile wallets are now the preferred method...
In 2023, digital wallets such as Apple Pay and Google Pay gained popularity among consumers. Mobile wallets have moved from sending money to friends and family to paying bills. Digital wallet adoption seems to be more advanced in Europe, but it is also taking off...
Although satisfaction is high among mobile wallet users when making bill payments, many face difficulties during the process. The report “Digital Bill Payments: Frequent Mobile Wallet Bill Pay Users the Most Satisfied,” a PYMNTS Intelligence and ACI Worldwide collaboration, found that around 60% of consumers...
