$16 Trillion in Digital Wallet Volume by 2028 And Other Digital Transactions News briefs from 7/10/23

Services such as buy now, pay later loans and personal financial management will help drive the global volume of digital-wallet transactions to $16 trillion in 2028, up 77% from $9 trillion this year, according to a report from Juniper Research.
Katapult Holdings Inc. said more than 20 merchants are now available on its Katapult Pay app, which offers point-of-sale financing. Merchants include Home Depot, Amazon, Best Buy, HP, and Ikea.
Payments fintech Convera announced it has completed the $910-million acquisition of the former Western Union Business Solutions unit. Convera is headed by Patrick Gauthier, who formerly ran Amazon Pay.
Payments platform Mogo Inc. announced that a three-way merger among Coinsquare Ltd., WonderFi Technologies Inc., and CoinSmart Financial Inc. has closed, resulting in a cryptocurrency-based processor operating under the WonderFi name. Mogo held a 34% interest in Coinsquare and ranks as the largest single shareholder in the new company, with a 14% stake.
Priority Technology Holdings Inc. said it intends to launch its MX Build service that will help construction companies streamline payments and automate tedious procedures.
Business-to-business payments platform Balance launched a B2B payments surcharging program for credit card transactions.
Hospitality point-of-sale system provider SpotOn was named a preferred technology partner of the Texas Restaurant Association.

Digital Transactions Authoritative, insightful and timely information for payments professionals