Mobile Wallets

Elon Musk helped found what became PayPal back at the turn of the century, and now it appears he is moving on an ambition he outlined months ago to add a payments feature to Twitter, the social-media platform he paid $44 billion to acquire in October. The San Francisco-based company …

E-commerce transactions for the 2022 holiday-shopping season bested predictions for growth, despite signs of a weakening economy, according to research from ACI Worldwide Inc. From October through December, online transactions increased 21% from the same period in 2021, besting pre-holiday shopping- growth estimates by six percentage points, says ACI. In …

American Express Co., whose travel-and-entertainment focus took a beating during the pandemic and is now rebounding, reported strong growth early Friday for its latest quarter, but left at least some equity analysts questioning whether the growth is strong enough. Analysts zeroed in on revenue growth and card-acquisition rates, in particular, …

Following years of pandemic restrictions that all card companies had to contend with, Visa Inc.’s top executives late Thursday highlighted stable transaction and processing volumes and growing cross-border travel as the United States and other global regions continued to recover. The event also featured an appearance by Visa president Ryan …

Consumer adoption of mobile wallets may be growing, but a lot of consumers still prefer to pay using a physical card, a report from J.D. Power finds. The report, which surveyed 3,588 retail-bank customers nationwide between the first quarter of 2021 and third quarter of 2022, found that 49% of …

Mastercard Inc. has made some big news in recent months, but you wouldn’t know all of it from the company’s conference call early Thursday to discuss its fourth-quarter 2022 and full-year results. Mastercard celebrated recently concluded major deals that make the global payments company the exclusive provider of debit branding …

Money-transfer firms are looking for new ways to leverage their extensive international networks, with the latest development emerging early Wednesday as MoneyGram international Inc. announced it is opening its system to BOTIM, a voice-over-Internet protocol (VOIP) provider with 90 million users in the Middle East and Africa. The deal, which …

The Colombia-based payments processor Redeban has adopted payments-technology provider Nuvei Corp.’s Nuvei for Payments embedded-payments platform. Nuvei earlier this month agreed to acquire payments provider Paya Holdings Inc. in a deal valued at $1.3 billion. Wafi Inc. launched Wafi.cash, a payment processing platform for e-commerce transactions that purports to eliminate redundant entities in the payment …

If banks are to compete against the likes of Apple Pay and Google Wallet in the mobile-wallet arena, they are going to have to provide value-added features that leverage their retail-banking products, such as money management and loyalty accrual and redemption. “The killer question is how to disrupt something that …

The most popular payment method for funding subscription payments is a debit card, with the checking account-connected option being used for 52.9% of global subscription payments. Subscription platform Recurly Inc. released this and other data in its “2023 State of Subscriptions” report Tuesday. The second most popular option was credit …