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The “LATAM Payment Methods & DigitalPayments 2025: Consumer Trends and Market Forecasts” report has been added to ResearchAndMarkets.com’s offering. However, mobilepayments, digital wallets, and real-time transactions are broadening financial access. trillion by 2027. Mexico 6.4.
Telr , a UAE-based online payment gateway, is joining forces with Samsung Gulf Electronics to integrate Samsung Pay into its suite of payment solutions. Samsung Pay offers unparalleled convenience and sets a new standard for secure mobile transactions.
Bethany Ewing, customer marketing, mobilepayments lead, Deloitte Digital and Peter Pearce, senior manager of financial services strategy for Deloitte Consulting share their insight on a study the company conducted on whether or not customers that migrated to a digitalpayments during the pandemic will continue to do so post-pandemic
The trucking industry was content with its payment processing for years until the pandemic hit. MobilePayments Today interviewed Justin King, Senior Vice President, product and innovation for Comdata on how the industry has moved forward with digitalpayments.
Physical wallets are phasing out, left behind in favor of digital wallets and other digitalpayment options. All you need to use a digital wallet is a smartphone. There’s no question that cashless payment systems and digitalpayment adoption have accelerated over the last few years.
In 2024, Nexi led the growth of mobilepayments in Italy, recording a 61% increase in spending volumes from smartphones and smartwatches. Mobilepayments is an area where Italians increasingly prefer payment solutions that virtualize the card on smartphones or wearables (including bracelets and watches).
With a series of organisational and strategic upgrades in 2024, Ant International , a leading global digitalpayment and financial technology provider, reported robust growth over the past year among all its four pillar businesses, Alipay+ , Antom , WorldFirst and Embedded Finance. billion user accounts.
The digitalpayments landscape is rapidly evolving, driven by technological advancements and changing consumer preferences. As we look towards 2025, several key trends are shaping the future of digitalpayments, including contactless payments, cryptocurrency transactions, and mobilepayment solutions.
India has embraced its model for digitalpayments so much that it intends to take it global. Since its debut four years ago, India’s Unified Payments Interface (UPI), the instant payment system developed by the National Payments Corp.
According to The State of Digital Retail Payments in Asia Pacific 2024 by Forrester , high-growth economies like Indonesia and Malaysia are leading the shift, with consumers increasingly favouring digitalpayments. Singapores Fluid DigitalPayment Landscape Singapores digital wallet scene presents an interesting mix.
Central Bank Digital Currencies (CBDCs) Overview : Central Bank Digital Currencies (CBDCs) are digital forms of a country’s national currency, issued and regulated by the central bank. Asia’s Leading Adoption : In China, over 85% of consumers use QR codes for payments, particularly with WeChat Pay and Alipay.
From digitalpayments to decentralised finance (DeFi), these companies are solving real-world challenges like financial inclusion and cross-border transactions, while setting new global standards for innovation. Its goal is to help grow Indonesias digital economy by enabling seamless transactions for everyone.
SecurityTech company Giesecke+Devrient (G+D) is making digitalpayments independent of online connectivity. Even in today’s digital-first economy, connectivity issues can present challenges for digitalpayment transactions, especially in rural areas. billion unbanked people worldwide.
In Cambodia, booming adoption of digitalpayments is driving a surge in e-commerce activity, with QR code payments and more broadly the Bakong real-time payment system gaining significant traction, according to a new report by Profitence, a corporate finance firm-based in Cambodia. million transactions in 2023, up 28.7%
The payment processing market in the United States has demonstrated robust growth, driven by rising consumer demand for digitalpayments, advancements in financial technology, and the expansion of e-commerce. Merchants partner with acquirers or payment processors to enable transactions. Total Transaction Volume : The U.S.
This integration provides users with an unprecedented payment experience, allowing faster and safer transactions while redefining how Colombians shop. In a country where mobilepayment growth is projected at 22% annually, adopting solutions like Google Pay is essential to meet market demand.
Let’s dive into the subtleties of the smoothest payment process and find out everything about NFC mobilepayments, including what they are, how they work, and how to use them. What are NFC MobilePayments? NFC payments add immense convenience for today’s busy customers. How Do NFC MobilePayments Work?
million in a seed-funding round to bring its mobilepayments, loyalty, data visualization, business intelligence and cloud data suite of services out of beta and into the marketplace. Tippetts said that since 85 percent of Cambodian payments are still done in cash, there’s a massive opportunity to boost digitalpayments in the country.
Fast forward to now where much has changed, and research anticipates contactless mobilepayments to exceed one billion users globally by 2024. Customers can pay with their watch or phone just by tapping it on a card reader, and businesses can host an entire POS system on a mobile phone.
As of June 2024, China maintains its leadership in digital wallet adoption, with over 88% of mobile internet users approximately 969 million individuals engaging in mobilepayments. Back in 2023, digital wallets accounted for 82% of China’s e-commerce spending and 66% of physical purchases, totalling around US$7.6
Much like in the United States (and practically the rest of the world, for that matter), Canadian consumers have widely adopted credit cards and digitalpayments. Stax offers a flat-rate subscription model with no transaction markups, making your payment processing costs predictable and low.
Apple's legal dispute with Epic Games, the publisher of Fortnite, has exposed a potential nuclear option that the Cupertino, Calif.-based based tech giant can use against any company that sells online.
Allied Bank, Easypaisa Digital Bank, JS Bank, and Zindigi have all agreed to also offer the service and are due to go live in the near future. “This launch will contribute significantly to financial inclusion in Pakistan and unlock economic opportunities for all.”
Ehab Nasr, Assistant sub-Governor at the Central Bank of Egypt, said: With Apple Pay now available in Egypt, we are ushering in a new era of digitalpayments that aligns with our proactive efforts to promote digital transformation. Apple pay empowers consumers with a safer, more convenient way to pay, whether in-store or online.
By integrating Apple Pay into our services for OpenCart and WooCommerce, were helping merchants stay ahead in a competitive market while meeting consumer expectations for convenient digitalpayments. This integration ensures quick setup and provides a secure payment method that aligns with the preferences of todays tech-savvy shoppers.
But several years of a regulatory push have combined with the increasing presence of India’s Unified Payments Interface (UPI) and six months of COVID-19 to markedly reduce Indian consumers’ fondness for “dirty” cash.
Alipay+ , Ant International’s cross-border mobilepayment and digitalization solution, revealed three trends shaping the future of tourism to the benefit of global merchants and the industry. Alipay+’s mobilepayment partners from around the world have also seen significant growth.
Bank of America continues its winning streak in the annual benchmark that evaluates the online and mobile experience for small business customers of the top 11 national and regional banks that focus on small business digital banking. Bank of America’s Erica is the only virtual assistant to display scheduled payments on request.
Thankfully, with mobilepayments from Stax , you can quickly accept and process payments from your customers. Learn all about mobilepayments and why you may want to consider joining the Stax family to streamline payments and boost your small business’ productivity.
However, cash still remains a viable payment option for e-commerce transactions — with the help of a third party to handle the payment. As the e-commerce channel expands its share of total retail sales worldwide, it’s often thought that credit and debit cards are the primary beneficiaries.
COVID-19 has accelerated changes in payments behavior that would otherwise have taken years to occur, laying the foundation for global expansion post-pandemic. But for different parts of the world, this digital transformation had very different outcomes.
Wheelhouse will lead ai’s finance department and play a key role in driving the company’s ambitious growth strategy in the retail fuel, mobilitypayments and fraud management markets. I’m thrilled to be joining a true market leader at such an exciting time and partnering with the team to drive the next phase of ai’s growth.”
Ant Group began its partnership with Tinaba and Banca Profilo in 2016, extending it to the Alipay+ solution in 2023, supporting users to make mobilepayments at more than 2.5 Today, Tinaba users can make cross-border payments at Alipay+ merchants in 27 different countries, including Italy, enhancing the travel experience for users.
Yape is a popular digital wallet and mobilepayment app in Peru, developed by Banco de Crédito del Perú (BCP). It enables users to make peer-to-peer transfers, pay for services, and conduct transactions with businesses using only a phone number or QR code, without the need for traditional bank account details.
The partnership will combine Worldline’s global payments expertise with Telr’s local market knowledge and strong relationships, empowering e-commerce businesses to capitalise on this strategically important market.
Fintechs are revolutionising payment solutions, offering SMEs accessible, secure, and flexible payment options that help them streamline transactions and expand their customer reach. MobilePayment Platforms Mobilepayment solutions like M-Pesa in Kenya have been transformative for SMEs in emerging markets.
Key Statistics on Government Payments Citizen Expectations: According to a 2024, 78% of citizens prefer paying government fees online when given the option. Efficiency Gains: Digitalpayment systems reduce processing costs by an average of 40%, as reported by the Government Finance Officers Association (GFOA).
Our goal is to sustainably build this innovative solution, paving the way for a secure and efficient digitalpayment future in Europe.’ The post EPI Launches wero, Its Innovative DigitalPayment Wallet in Germany, Alongside Founding Members – DSGV and DZ Bank, Followed by Deutsche Bank appeared first on Fintech Finance.
LankaPay – Sri Lankas National Payment Network – announced their partnership with Ant International , a leading global digitalpayment, digitisation and financial technology provider, to launch Alipay+ acceptance in Sri Lanka at a press conference held on 25 th March 2025 at the Shangri-La Hotel, Colombo.
The Payments Association (TPA)’s George Iddenden recently sat down with Peter Theunis, senior vice president sales and European managing director at BPC to discuss the remarkable transformation of the payments processing industry, driven by the rise of fintech, the shift towards digitalpayments, and evolving consumer behaviours.
The pilot leverages Keyno’s CVVkey technology that uses a dynamic card verification value 2 (CVV2) code to provide a higher level of security against fraud for online and mobilepayments.
This new payment method debuts first on HungryPanda, the leading Asian food delivery platform, offering a more convenient and seamless option for customers making mobilepayments. This streamlined payment process not only enhances user satisfaction but also provides merchants with the added benefit of reduced transaction costs.
Fondeadora , the financial service provider in Mexico, has reaffirmed its commitment to delivering secure digitalpayment services in the region as it partners with MeaWallet , the digitalpayments enabler specialising in card tokenisation. This highlights the clear demand for Fondeadora’s digital financial services.
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