mobile payments Archives

Vipps mobile payment app takes on Apple in Norway

02/17/202302/15/2023 John Montgallo

The application is calling for the European Union’s (EU) antitrust regulators to take action. Norwegian mobile payment app company Vipps has called for European Union (EU) antitrust regulators to require Apple to permit access to its tap-and-go functionality without any restrictions, said Rune Gaborg, the company’s CEO. The goal is to make it possible for other companies to be more competitive in the digital transaction space. Gaborg made his comments seeking action from the EU’s antitrust regulators against the iPhone maker the day after Apple made its latest effort to…

Mobile wallet use in Italy is growing even as its government faces cash mess

02/16/202302/15/2023 Jennifer Goula

Italian consumers are increasingly turning to their smartphones to pay for products and services. According to the results of the PYMNTS Q3 2022 ConnectedEconomy Index “How the World Does Digital” study, mobile wallet use is on the rise in Italy even as that country’s government struggles with cash chaos. The research tracked digital engagement across 11 different countries, including payments via smartphone. What the mobile wallet study found was that there was a rise in usage during routine activities. This suggests that the growth isn’t just based on specific circumstances…

Mobile wallet use now higher in the Netherlands than Spain

01/05/202301/04/2023 Jennifer Goula

Though Spain had been holding the lead spot in Europe, 2022’s third quarter lost its crown. New data released by PYMNTS has revealed that mobile wallet use in Spain has now fallen behind the Netherlands. A collaboration between PYMNTS and Stripe showed that the Netherlands saw notable growth. A report by Connected Economy called “how the World Does Digital: Different Paths to Digital Transformation”, a collaboration between PYMNTS and Stripe showed that 13.6 percent of consumers in the Netherlands completed their in-store purchases using a mobile wallet in the third…

Apple leads in mobile wallets use but not in total purchases

11/16/202211/15/2022 John Montgallo

The iPhone’s payment app has been around for 8 years, and adoption has been rising quickly. The Apple Pay has been available in the mobile wallets category for 8 years as of 2022 and while it did have a slow start – as did many others in that category – but it has started picking up. In the United States, adoption of all phone-based digital payment methods has been slow. The report “Apple Pay at 8: Connected-Tech Consumers Lead the Way” issued by PYMNTS showed that even though more than…

Mobile payment app Paym shuts down in the United Kingdom

10/03/202209/30/2022 Jorge Gonzalez

The application was launched by 15 of the largest UK banks and building societies is packing it in. Mobile payment app Paym was created by fifteen of the largest banks and building societies in the United Kingdom, but after eight years of struggle to try to keep its head above water, it is giving up. The application has constantly fought to try to keep up with shifts in technology and consumer trends. The mobile payment app originally launched in April 2014. It made it possible for consumers to use their…