Tag: digital payments

JP Morgan acquires Renovite in new cloud payments strategy

Jennifer Goula
Cloud payments - cloud - mobile

The banking giant recently announced the new acquisition and hinted at future plans. JP Morgan hasn’t failed to notice the massive trend toward digital transactions worldwide since the start of the pandemic, and with its new acquisition of Renovite, it’s clear that it is making moves into cloud payments. Digital has become vital to the fast pace of the global financial service sector. Institutions like JP Morgan are being forced to update their transaction infrastructures to keep up the rising volume of digital and cloud payments demands from both individuals…

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Most cryptocurrency owners would use it to buy things through a mobile wallet

Sam Lambert
Mobile wallet - Cryptocurrency - Bitcoin - Mobile

Over one third of crypto-owning consumers aged 18 to 54 would shop with their digital coin. About 67 percent of cryptocurrency owners between the ages of 18 years and 54 years old would use their digital coin in a mobile wallet to make purchases, according to a Cantaloupe Inc. study. The digital payments company’s survey showed that consumers most likely to own crypto coin are 18 to 34. Thirty seven percent of crypto owners are 18 to 34 years old, and 33 percent are aged 35 to 54 years old.…

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QR code payments at PayFast up by 412 percent

Sam Lambert
QR code payments - Transaction

The digital payment processing company based in Cape Town has seen an explosion of barcode use. PayFast, a digital payment processing service based in Cape Town, South Africa, has reported a rise of 412 percent in its QR code payments. These transactions were processed via Masterpass from March 2020 through February 2021. The extreme growth trend is seen as the result of the pandemic’s instant need for contact-free transactions. The rise in QR code payments, usage in general and scans has risen quickly as the pandemic required businesses and consumers…

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Over half of Americans who have tried contactless payment will use it again

Sam Lambert
Contactless payment - mobile payments

New Amex research shows 58 percent of people who tried this type of transaction are more likely to use it. Americans who have tried contactless payment because of the COVID-19 pandemic are more likely to use it again, said results from a new Amex survey. Online and mobile ordering for delivery and pickup options are also more appealing to consumers. Contactless payment and online and mobile delivery and pickup options are becoming increasingly popular options. Moreover, consumers who tried them for the first time due to the coronavirus pandemic are…

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FinTech ANNA Money partners with TrueLayer for instant QR code payments

Jorge Gonzalez
Instant QR Code - mobile quick response code scan

ANNA users will have a new option to use instantaneous quick response codes for mobile payments. ANNA Money users will now have the option to choose the use of instant QR codes to make payments through a new partnership between the FinTech and TrueLayer. Using the quick response codes would eliminate the requirement for terminals and payment cards. ANNA is a provider of financial administration, business accounts and debit cards for customers such as small businesses and freelancers. Using an instant QR code makes it possible to eliminate some of…

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