Walmart-owned Indian eCommerce marketplace Flipkart added new ways for customers to pay bills and recharge payments while shopping on the platform. The company has added FASTag, direct-to-home recharges, landline, broadband and mobile prepaid bill payments to its app, Flipkart said in a Wednesday (July 10)...
Africa-focused payments technology firm enza has partnered with money movement company TerraPay. The collaboration, announced Wednesday (July 10), is designed to promote financial inclusion in Africa, the companies said in a news release provided to PYMNTS. That means enza—with offices in South Africa and Egypt—can...
In the United States, digital wallets can be anywhere a smartphone is. In other words, everywhere. Many U.S. consumers are embracing digital wallets, particularly for online shopping. In fact, data shows consumers are 23% more likely to use them for online shopping than in-store purchases....
Elavon has launched a new application programming interface (API) that helps hotels and other hospitality-related businesses manage digital and in-person payments. With the new Elavon Cloud Payments Interface, these businesses can embed payments and allow guests to pay anywhere, at any time, the payments processor said...
Consumers are embracing digital wallets, and more than 70% of consumers globally now use one. In fact, many consumers have stored credentials and used a digital wallet to verify their identities or to access events. PYMNTS Intelligence’s data shows satisfaction with the convenience and ease...
India-based Paytm’s share of the country’s Unified Payments Interface (UPI) continues to slip. The FinTech made up 8.1% of total UPI transactions last month, down from 13% in January, the National Payments Corporation of India said in data released Thursday (June 6). Paytm accounted for...
Visa is expanding its partnership with Southeast Asia Commercial Joint Stock Bank (SeABank). The latest effort between the two companies is designed to help develop digital payments in Vietnam, SeABank said in a news release Wednesday (May 29). According to a news release, the effort...
The CEO of Swedish FinTech Trustly says going public is not yet on the company’s radar. Speaking to CNBC Thursday (May 30), Johan Tjarnberg said that although his company just recorded a 51% increase in operating profit, it still has to sell its business model to investors before it can consider...
There’s no shortage of evidence showing that digital payment methods are nearing a tipping point. As PYMNTS Intelligence and the Federal Reserve have reported, consumers and businesses are accelerating their use of digital wallets and instant payments. The Fed’s Consumer Research Brief found that 57% of consumers expect to...
