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NXT-ID And FitPay Are Making eWallets A True Wallet Replacement

PYMNTS

Startups FitPay and NXT-ID are working to take eWallets to the next level. Existing smartphone-based eWallets may have achieved the ultimate convenience, compressing bulky physical wallets into a nice, tidy digital space and enabling consumers to carry just one item when they leave the house.

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Faster Payments, Real-Time Payments And A Few Glitches

PYMNTS

As noted here , at least one of the complaints involves stolen data used to initiate a real-time payment through the FPS Autopay service — a service that was then suspended by the HKMA. The alleged fraud involves personal data used to set up eWallet accounts and facilitate direct debit activity.

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What is a Payment Service Provider (PSP) and How Do They Work?

Stax

A PSP (Payment Service Provider) can equip your eCommerce and brick-and-mortar business with an all-in-one platform that supports multiple payment systems, including debit & credit cards, eWallets, and bank transfers (ACH). Read on to find out.

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Simplifying Alternative Payment Methods Across A Global Stage

PYMNTS

eWallets are taking the place of traditional payment choices, such as bank transfers or cards. Data Point Two: Three Billion. Growth is high both in bank payment-related transactions and with eWallet. Other areas that have high eCommerce growth rates include Indonesia and Malaysia.

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Payment Trends to Watch For in 2021

Payment Savvy

Instead, their preferred payment method can be loaded automatically from eWallets. Additionally, software evolvement has made it easy to embed payments into applications hence supporting frictionless payments further. Furthermore, mobile payments expect to be a major trend in 2021. Cloud Computing Will Be Popular.

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Listen Up: Best PYMNTS Podcasts Of 2018

PYMNTS

And that serves, in turn, to open the door wider for tokenization and data accessibility in a way that remains secure. Along different continuums, you can link data together,” he said. You can have payment data that can be linked to your insurance data that can then be tied to your FSA account.”.