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

Mobile Wallet Italy

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…

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Mobile wallet use now higher in the Netherlands than Spain

Mobile wallet - Netherlands Flag

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…

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Apple leads in mobile wallets use but not in total purchases

Mobile wallets - Payment with iPhone

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…

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Mobile payment app Paym shuts down in the United Kingdom

Mobile payment app - Shut Down Buttons

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…

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Contactless mobile payments collaboration forms between CTBC Bank and Soft Space

Contactless mobile payments - Paying with wearable device

The partnership will work as a system used by Taiwanese taxis to make it easier to charge fares. CTBC Bank, based in Taiwan, has entered into a partnership with Soft Space, a fintech from Malaysia, to launch a contactless mobile payments system to be used by cab drivers to collect taxi fares. The system will allow customers with Android smartphones and NFC technology to tap to pay. The contactless mobile payments system will be powered by Soft Space so that Android phone users can pay for their cab rides using…

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