Thursday , March 28, 2024

Search Results for: mobile wallets

Contactless And Mobile Wallets Are Gaining Ground Among Debit Users, a Pulse Study Finds

Consumer affinity for in-person transactions that reduce points of contact are taking hold as contactless payments made with debit cards swelled to 16% of the U.S. card-present share last year from 8% in 2021. It’s a similar story with debit cards used with mobile wallets. Their use increased from 5% …

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How a U.K. Limit on Contactless Payments Could Drive Consumers to Mobile Wallets

An increase in the limit on what contactless cardholders in the United Kingdom can spend before they are required to authenticate themselves is raising questions about whether the new mandate will prompt consumers to shun their cards in favor of mobile wallets, which have no per transaction limit. The theory is …

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BlocPal And OneFeather Team to Deliver Services Via Mobile Wallets to Canada’s Indigenous People

As part of its goal to provide unbanked and underbanked consumers affordable digital access to financial services through a single application, BlocPal International Inc. has partnered with OneFeather, a Victoria, British Columbia-based provider of digital services to indigenous people in Canada, to introduce the OneFeather app in that country. The …

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Besides E-Commerce, the Pandemic Also Gave Mobile Wallets And the Buy Online, Pick Up in Store Option a Lift

Plenty of reports since the onset of the Covid-19 pandemic have documented how consumers have responded by shifting to e-commerce—some for the first time—but few reports break out the impact on the mobile segment of that number. It turns out the pandemic has spurred considerable shopping by mobile-phone users, as …

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The Numbers Behind Younger Users’ Love Affair With Mobile Wallets And Online Banking

While mobile-wallet ownership holds steady at 45%, younger consumers are embracing the payment technology more readily than they were 10 months ago, according to a research from the big processor FIS Inc. As of February, 65% of young Millennials use a mobile wallet, compared to 59% in April 2020. In …

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