In today’s business environment, effective payment methods are essential. Outdated payment systems can create cash flow challenges, while digital payments offer streamlined processing, enhanced operational efficiency and improved customer experience. The PYMNTS Intelligence report “Getting Paid: Digital Payments for Improving Cash Flow and Customer Experience”...
There have been some significant milestones so far in the development of the digital wallet. Its early days track back to 2003 with the debut of Alipay in China, with Africa’s M-Pesa following in 2007. In 2011, Google Wallet was introduced, allowing users to store...
Mastercard has teamed with FinTech Rellevate to improve payments and disbursement services for the public sector. The collaboration, announced Tuesday (Aug. 27), will tap into Rellevate’s digital banking, disbursements and wallet solutions, which the companies say are meant to unlock access to payments technology for...
Being in business means putting a lot of effort into staying in business. And staying in business is a challenge many small and medium-sized businesses (SMBs) face, exacerbated by delayed and manual payments. Payment delays can undermine SMB cash flow and have a downstream impact...
Consumers in France are embracing digital wallets for payments. For example, more than one-third (38%) use them for online shopping. Surprisingly, we find millennials in France are more likely to use these wallets for online shopping than Generation Z consumers. In fact, Gen Z is...
Open banking payments firm Trustly says it has seen a surge in transaction value. The company announced Tuesday (Aug. 13) that it processed 13.1 billion pounds ($16 billion) in payments in the U.K. between January to June of this year. That’s compared to the 13.6 billion pounds Trustly...
Cash has long been king at Argentina’s bars and restaurants. Its reign may be ending. As Bloomberg News reported Saturday (Aug. 10), card tipping had been rare in the South American nation, leading many patrons to carry big wads of cash. Now, however, tipping is...
The Reserve Bank of India’s (RBI’s) offer to allow payment firms to enable eRupee transactions via their platforms has reportedly been taken up by five such firms. Google Pay, Walmart-backed PhonePe, Amazon Pay, Cred and Mobikwik have applied to join the Indian central bank’s digital currency pilot, Reuters reported Monday (Aug. 5),...
Consumers in Germany are embracing their digital wallets for payments. Nearly half (47%) use them for online shopping for example. Surprisingly, baby boomers and seniors in Germany are more likely to use one for online shopping than Generation Z consumers. However, facilitating payments and transfers...
