Mobile Payments

New cross-border mobile payments agreement between India and Nepal inked

04/24/202304/22/2023 Jorge Gonzalez

The governments have designed an agreement to allow visitors to Nepal to use the digital transactions. The Indian and Nepalese governments have come to an agreement for the launch of a new mobile payments service that will allow visitors to use the option to pay for goods and services. Residents of the countries will be able to use their phones to pay for what they want when traveling. The hope is that the mobile payments option will make it easier for visitors from India to Nepal to travel and pay…

Apple Pay Later launches, letting US consumers buy now

03/31/202303/29/2023 Stephanie Beck

Apple Pay Later - Buy Now Pay Later - Mobile

This type of popular way of shopping has reached the iPhone maker and its mobile wallet. Earlier this week, Apple Pay Later was launched by the iPhone maker as a “buy now, pay later” (BNPL) service for consumers in the United States. The initial rollout is only to select users, but they do intend to complete a full rollout this year. The launch of Apple Pay Later is starting in the United States and will begin with a number of select users, expanding in coming months to a full rollout.…

Apple Pay has launched for South Korean customers

03/30/202303/29/2023 L. Green

The mobile wallet has finally launched for shoppers in South Korea, following years of delays. Apple Pay has finally launched in South Korea following years of regulatory delays faced by the iPhone maker. The mobile wallet app will now work the same way for South Korean consumers as it does elsewhere. Apple Pay now works for South Korean users of iPhones, Apple Watches, iPads and Macs. Consumers with those devices can now use it to make mobile payments at restaurants and cafes, retail stores, in apps and online. “Apple Pay…

PhonePe mobile payments company gets $200 million investment from Walmart

03/27/202303/24/2023 Jorge Gonzalez

The Indian company raised the funds as a component of an ongoing round. PhonePe, a mobile payments giant from India, has announced that an investment from Walmart has brought it another $200 million in funding as a part of an ongoing round that has already helped it bring in $650 million. The funding has arrived regardless of the economic downturn. PhonePe has been bringing in funds too help build itself up in the face of its upcoming separation from Flipkart, its parent company. Walmart already owns the majority of the…

Mastercard will soon permit crypto payments in Web3 using USDC settlements

03/02/202303/01/2023 Jennifer Goula

Crypto payments - Mastercard credit card

The move is made via a partnership with Immersve using its decentralized protocols for real-time transactions. Mastercard’s new partnership with Immersve, a Web3 crypto payment protocol, will soon make it possible for users to use cryptocurrency to complete purchase transactions in-person, online and in the metaverse. Consumers will be able to use the Mastercard network for shopping with cryptocurrency. Once the crypto payments have been successfully sent from the user’s end, a US dollar-backed stablecoin called USD Coin, which is issued by Circle, is converted into fiat so that it…