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...
Digital wallets are transforming payments and commerce. In today’s operational landscape, where convenience reigns supreme and value-added services drive customer stickiness, the financial services industry faces new challenges and opportunities from the Big Tech builders of those very digital wallets. With the news at Tuesday’s...
Philippines-based mobile payments provider GCash wants to go public, when the time is right. “We recognize that the new round of investments further strengthens Mynt’s ability and position coming into an IPO,” Martha Sazon, CEO of GCash parent Globe Fintech Innovations/Mynt, told reporters Wednesday (Aug. 7). An initial public offering (IPO)...
Mynt, owner of the Philippines’ mobile wallet GCash, is now valued at $5 billion. The company became the Southeast Asian country’s first $5 billion unicorn last week following investments from Ayala Corp. and Japan’s Mitsubishi UFJ Financial Group (MUFG). “GCash is an indispensable infrastructure for...
OwlTing Group integrated its digital wallet, OwlPay Wallet Pro, with the Stellar blockchain to support the USDC stablecoin on Stellar. The integration will expand the reach of the OwlPay payment platform to the more than 8 million accounts on Stellar, OwlTing, a global blockchain FinTech...
In the United Kingdom, digital wallets are not just tools for online payments; they are rapidly evolving into versatile companions for everyday tasks and transactions. A recent PYMNTS Intelligence Report, “Digital Wallets Beyond Financial Transactions: U.K. Edition,” in collaboration with Google Wallet, reveals that 44%...
TerraPay says financial institutions can now send money to mobile wallets via the Swift system. The announcement Tuesday (July 23) by the money movement company applies to 2.1 billion mobile wallets worldwide, and is designed to enhance the cross-border payments experience for businesses and consumers. “Payments initiated by...
