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myTU Introduces Google Pay for Secure Contactless Payments

Fintech Finance

This new feature enables both individuals and businesses to add their debit cards to Google Wallet, making payments more convenient and secure. This trend underscores a significant shift in consumer behavior towards mobile-enabled, contactless payments.

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Wells Fargo Launches Contactless Credit, Debit Cards

PYMNTS

Wells Fargo announced Tuesday (April 2) the launch of contactless consumer credit and debit cards. In a press release , Wells Fargo said the new cards will enable customers to complete transactions quickly and with a single tap at millions of merchants and transit systems that accept contactless payments.

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BofA to reissue 4 million cards in rapid contactless push

Payments Source

While major card issuers such as Chase and Wells Fargo roll out NFC-enabled credit and debit cards incrementally, Bank of America is taking much more aggressive approach.

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Should Your Business Go Cashless?

Cardfellow

The use of cash as the de facto payment option is shrinking, and nearly 40% of Americans favor going completely cash-free. If your business operates in one of those cities or states, you are required to accept cash as a form of payment. The question is, should you go cashless altogether and stop accepting bills, coins, and checks?

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Axis Bank Collaborates With boAt and Mastercard for Seamless Payments on Its Newly Launched Smartwatch

Fintech Finance

Axis Bank has launched an NFC-enabled smartwatch in collaboration with BoAt and Mastercard , transforming how consumers make contactless transactions on the go. This launch further strengthens Axis smartwatch payments by integrating Mastercard’s secure tokenization with BoAt’s wearable design.

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Axis Bank introduces NFC-enabled smartwatch

Finextra

Axis Bank introduces NFC-enabled smartwatch In a strategic leap into wearable fintech, Axis smartwatch payments just became more seamless. Axis Bank has launched an NFC-enabled smartwatch in collaboration with BoAt and Mastercard, transforming how consumers make contactless transactions on the go.

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Key Differences of Payments for Small Businesses vs. Enterprises

Clearly Payments

81% of small businesses accept credit and debit cards, while 37% accept digital wallets such as Apple Pay and Google Pay. Cash remains an essential payment method for many SMBs, with 36.4% of those with 20 to 99 employees accepted cash payments. In the U.S., of total sales still being cash-based.